CIC
SWF-backed ZhengTong Auto earns $470 million in IPO, trades at slight premium
ZhengTong Auto Services Holdings, backed by institutions such as sovereign wealth funds the China Investment Corp., Government of Singapore Investment Corp. (GIC) and Singapore’s Temasek Holdings, has raised $470 million from its IPO, and saw its share...
ADIA, CIC, GIC, OTPP invest BTG Pactual
Brazilian investment bank BTG Pactual has received $1.8 billion from an investment consortium led by the Abu Dhabi Investment Council, the China Investment Corporation, the Government of Singapore Investment Corporation, Canadian pension fund Ontario...
CIC may invest in US infrastructure
PRC SWF the China Investment Corporation (CIC), may seek to invest in infrastructure projects in the US, as its officials urged US authorities to spend up to $1 trillion on new infrastructure, according to reports.
CIC benefits as AIA HK IPO prices high
China Investment Corporation (CIC) stands to benefit as a key investor as insurer AIA, the Asian arm of troubled American International Group (AIG), priced at the top of its range, valuing the company at some $30.5 billion, amid heavy investor demand.
CIC opens in Hong Kong
PRC SWF the China Investment Corporation (CIC) is setting up an office in Hong Kong, its first formal business operation outside the Mainland, and has engaged Laurence Lau, former Vice-Chancellor of The Chinese University of Hong Kong (CUHK) and former...
Canada's Teck sees CIC stake triple value
The CEO of Canadian diversified mining business Teck Resources Ltd. has emphasized the success of the China Investment Corporation (CIC)'s July 2009 $1.5 billion private placement into the company, which he said had tripled in asset value since the deal.
CIC bars investments into defense, casino, alcohol sectors
SWF China Investment Corp. (CIC) has mandated that it will avoid investments in the defense, casino and alcohol sectors, according to officials who labeled the sectors areas of “reputational risk.”
CIC, OP Financial invest $16.5 million in Kazakhstan
SWF China Investment Corporation (CIC) has reportedly teamed with Hong Kong-listed investment firm OP Financial Investments to invest in Kazakhstan.
3i plans RMB fund under Queen's blueprint
UK private equity major 3i Group is planning to launch a renminbi-denominated fund as part of an overall two-year plan, announced 3i CEO Michael Queen, coming alongside the second Indian infrastructure fund expected since March this year.
China Investment Corporation, China Exim Bank launch $1 billion infra fund
China's sovereign wealth fund the China Investment Corporation (CIC) is to partner in a $1 billion regional infrastructure and energy fund, alongside Export-Import Bank of China (China Exim Bank), in the wake of increasing demand for secure energy supplies...
CIC may see functional restructuring
China Investment Corporation, the $300 billion SWF, may be in line for restructuring plans that could see it broken into up to three functional divisions targeting equity and strategic resources investments, according to reports.
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
Potash a hot commodity
When Canadian fertilizers mining leader PotashCorp formally rejected Australia-headquartered resources major BHP Billiton’s $130-per-share, $39 billion takeover bid last week, expectations were triggered that multiple higher bids would emerge from some...
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
CIC may let China Asset Management handle some overseas investments
China Investment Corporation (CIC), China’s $300 billion sovereign wealth fund may appoint China Asset Management Co., the country’s largest fund manager, to oversee part of its offshore investments while the SWF is increasing its international exposure.
AgBank follow-on pushes over record
The Agricultural Bank of China, invested by the China Investment Corp (CIC), Singapore's Temasek Holdings and the SWFs of Qatar and Kuwait, has seen a follow-on share issue to its Hong Kong and Shanghai IPO push the listing's total value to an all-time...
AIG looks to SWFs, PE for AIA pre-IPO stakes
Still-troubled US insurance giant AIG has approached Temasek Holdings and other - chiefly MENA - SWFs, as well as private equity firms and Chinese institutions to offer pre-IPO stakes in its Asian subsidiary AIA, according to reports.
CIC to fund Liverpool FC bid?
Despite China Investment Corporation’s (CIC) proclamation that it won’t be involved in the purchase of top-tier English Premier League’s Liverpool Football Club – and that it has never even heard of Kenny Huang, the Hong Kong sports businessman...
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
CIC sees $41.66 billion net profit, denies Central Huijin spinout
China Investment Corp, the country's leading SWF, reportedly increased its net profit last year to $41.66 billion, up from $23.1 billion in 2008, 11.7% of it made from offshore investments.
CIC investee Goodman Group eyes ING Oz REIT fund
Goodman Group, the world's third largest logistics facilities operator in Australia, and 18.2% owned by SWF the China Investment Corporation, has emerged as the most likely buyer of management rights for the A$1.2 billion ($1.07 billion) ASX-listed ING...
CIC sells $138 million Morgan Stanley shares, seeks hires
China Investment Corporation (CIC), China's leading SWF, sold $138.5 million worth of Morgan Stanley shares last week, according to a filing with the US SEC, as it seeks to recruit up to 64 new personnel.
The dynamics of secondaries
Once-owned LP positions for Asia Pacific and elsewhere
BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.