CIC commits $1.5 billion to secondaries
China’s $300 billion sovereign wealth fund, the China Investment Corporation (CIC), has forayed into the fast-developing secondary market by investing $1.5 billion in total in three specialist secondary funds in the West.
Upon completion of the agreements, US firm Lexington Partners, Pantheon Ventures, and Goldman Sachs will equally receive $500 million each in special accounts, to be kept separate from their main funds....
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