Market Chatter: Chinese Sovereign Fund CIC to Sell $1 Billion Private Equity Investments
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Chinese sovereign wealth fund China Investment Corporation plans to sell approximately $1 billion of its US-based private equity investments in the secondary market. The assets are managed by eight US fund managers, including Blackstone and Carlyle, with Evercore advising on the sale. The sale's deadline and final value may vary based on market conditions.
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