China's National Social Security Fund Looks at PE Investment
Aggregated Source: China Venture News
May 8, 2008|
Reuters is reporting that China's national pension fund, the National Social Security Fund, is looking to invest up to 10% of its assets in private equity.
The fund is worth about $74 billion. So the move could eventually give the private equity industry in China a boost of over $7 billion.
The Reuters piece pointed out that the NSSF has already dabbled some in private equity. "It has already ploughed money into some government-backed private equity funds, including the Bohai Industrial Investment Fund based in the eastern port city of Tianjin."
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The fund is worth about $74 billion. So the move could eventually give the private equity industry in China a boost of over $7 billion.
The Reuters piece pointed out that the NSSF has already dabbled some in private equity. "It has already ploughed money into some government-backed private equity funds, including the Bohai Industrial Investment Fund based in the eastern port city of Tianjin."
© jurvetson
See full article.
Related Entries:
Pentagon Sets its Sights on Social Networks - 12 June 2006
China's First PE Fund Makes Debut Investment - 03 November 2007
Bohai Investment Fund Goes After Banking - 24 November 2007
Contents of this feed are a property of Creative Weblogging Limited and are protected by copyright laws. Violations will be prosecuted. Please email us if you'd like to use this feed for non-commercial activities at feeds - at - creative-weblogging.com.
Original URL: Click here to visit original article
Copyright China Venture News
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