China SWF Launches Fund with BNP Paribas and Eurazeo
Posted on 03/25/2019
Eurazeo will manage a bilateral investment fund backed by the China Investment Corporation (CIC) and BNP Paribas to support French and European companies seeking to expand rapidly in China. The fund will be €1 billion to €1.5 billion in size. CIC, BNP Paribas, and Eurazeo, will invest significantly in the fund alongside additional investment limited partners. With a presence in China since 2013, Eurazeo will be responsible for managing the fund, as well as choosing and managing the investments.
The CIC has formed bilateral funds with private entities. CIC has a bilateral fund with Goldman Sachs Group.