CIC
Pantheon drops out of CIC secondaries mandate
Pantheon Ventures, the UK-headquartered fund-of-funds and investment management group, has declined to follow through on a mandate to manage $500 million of secondaries-focused separate accounts on behalf of the China Investment Corporation (CIC).
CIC appoints John Mack and Joseph Yam to board
The China Investment Corporation (CIC), the PRC's flagship sovereign wealth fund, has welcomed two new members onto its international advisory council: John Mack, Chairman of Morgan Stanley, who stepped down from his CEO position in January this year...
China stakes its claim
PRC dominates as fundraising and IPOs boom in 1H2010
CIC-AES JV out of wind
PRC SWF the China Investment Corporation (CIC) has jointly announced with $14 billion Virginia-headquartered global power giant AES Corp. that their non-binding letter of intent for CIC to take a 35% stake in AES Wind Generation expired at the end of...
SWFs help AgBank shave IPO record
The IPO of the Agricultural Bank of China in Hong Kong and Shanghai raised $19.2 billion, which will breach the Industrial and Commercial Bank of China's all-time record if a further greenshoe placement takes it to an expected $22.1 billion, with much...
CIC may drop bank stability mandate
The China Investment Corporation (CIC), the PRC's $298 billion sovereign wealth fund, may relinquish its position as holding company for China's stake majority positions in its leading banks and other financial institutions, and guarantor of financial...
AgBank announces IPO prices in Hong Kong
Ahead of its intended IPO later this year, the Agricultural Bank of China (AgBank) announced that it looks to sell 25.4 billion of its shares in Hong Kong for HK$2.88-3.48 ($0.37-0.45) apiece in hopes of raising $13 billion in the SAR.
CIC’s Yingru Li joins China Asean Fund
Yingru Li, previously MD in charge of private equity fund investments and co-investments at PRC SWF the China Investment Corp. (CIC), has been appointed co-Chief Investment Officer of the China Asean Fund, a $1 billion infrastructure-focused vehicle supported...
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
Asia, MENA SWFs set to take pre-IPO stakes in China's AgBank
Asian and Middle Eastern sovereign wealth funds may benefit from pre-IPO investments ahead of the Agricultural Bank of China’s intended listing on the Hong Kong and Shanghai stock exchanges.
Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
Asian SWFs ramp up in North American oil and gas
Dearth of Western investment post-GFC opens door to Asian players
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
CIC invests Penn West oil sands
China Investment Corporation has continued the recent trend of PRC investment in Canada's northern oil sands regions, paying C$817 million ($801 million) for 45% of energy trust Penn West's Peace River project.
Goodman and CPPIB launch joint fund
Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).
CIC takes 45% of Canada’s crude oil trust
Canada's Penn West Energy Trust has formed a joint venture with a wholly owned unit of China Investment Corporation (CIC) to develop the trust's bitumen assets in the Peace River area of Northern Alberta.
SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
StepStone’s Brem bound for Beijing
Special proposition for separate/discretionary accounts
CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment...
CIC halves funds application
China Investment Corp (CIC), the PRC's $300 billion sovereign wealth fund, was denied central government approval to raise $200 billion in additional funding, and in response has lowered its application to $100 billion.
India moots energy fund
According to an Indian government official, India may consider deploying some of its $254 billion in foreign exchange reserves into an SWF to support its state-connected businesses in acquiring energy assets.
SWFs in AIA Pru-ve power shift
A deal hailed as a once-in-a-lifetime event looks about to put headline numbers against international appetite for Asian growth.
CIC commits $1.5 billion to secondaries
Three firms to handle special accounts
Intel Capital, CIC agree cooperation
Leading US corporate VC Intel Capital has announced a joint innovation investment initiative with PRC SWF the China Investment Corporation (CIC).