China's NSSF plans to back five funds
Dai Xianglong, President of the National Council for Social Security Fund, China's $130 billion state LP, has said publicly that the fund has selected five private funds to invest in, with commitments of up to $870 million-1 billion each.
There was no specific clarification whether the five funds are private equity vehicles, or RMB- or USD-denominated, but Dai also emphasized the importance of investing in private equity, and that the fund...
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