CIC
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....
Bain, KKR, TPG may get CICC from MS
Bain Capital, Kohlberg Kravis Roberts & Co. and TPG Capital are reportedly on the shortlist for the final round of bidding for Morgan Stanley’s $1 billion+ stake in PRC investment bank China International Capital Corp. (CICC).
Risks and rewards for 2010
The year ahead is already being keenly talked over – and up – as investors and financial/commercial figures watch for indicators of what direction the global economy is going to take as it exits the past year’s dead zone.