Private equity ambitions seen at heart of CIC's tie-up with BlackRock
The joint-venture is expected to be between $1-3 billion in size to invest in PE opportunities in China and globally. The deal is seen as mutually beneficial in terms of education transfer.
The mooted joint-venture between China sovereign wealth fund CIC and global asset manager BlackRock will be a private equity-style fund less than $10 billion in size, sources are estimating.
The fledgling partnership – news of which was broken by the Financial Times last Thursday – is certainly one that promises to be mutually beneficial. The understanding is that CIC will be able to leverage BlackRock’s global scale and research, while BlackRock can hope to make swift progress in…
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