CIC enters Apax's "closed" Europe VII fund
China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to investors.
CIC has reportedly received clearance from the UK's Financial Services Authority. Apax was said to have offered existing investors in the fund the option to transfer up to €800million ($1.1 billion)...
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