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China Investment Corp and Blackrock Back China Fund

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ChinaSovereign wealth funds are constructing strategic alliances with asset management companies. The China Investment Corporation (CIC) and Blackrock Inc., an asset management firm, are sponsoring a China-focused investment fund. The fund is called China Global Opportunities Fund and is pursuing to raise US$ 2 billion. The fund is reported to receive a commitment of up to US$ 500 million from the CIC. The fund may also attract other large public investors. The fund will have a strategic focus as well as a commercial return mandate.

Blackrock is keen on growing their presence in Asia ex-Japan and partner with governmental investors. Blackrock’s private equity team will not be involved in managing the fund. Instead the fund will be managed by Liu Erfei, the former chairman of Bank of America Merrill Lynch’s China operations.

Blackrock Inc.

Fiscal Year 2011 Revenues by Continent Millions USD
North America 6,064
Europe 2,517
Asia 500
Total Revenues 9,081

Former FSDEA Chairman Arrested in Angola

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Jose Filomeno de Sousa dos Santos, the son of Angola’s former president and former chairman of the country’s sovereign wealth fund, has been placed under arrest, according to the state prosecutor’s office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Keppel Land China Acquires Stake in Nanjing Jinsheng Real Estate Development

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On September 20, 2018, Keppel Land China, a subsidiary of Singapore-based Keppel Corporation, purchased a 40% stake in Nanjing Jinsheng Real Estate Development Co, a subsidiary of Gemdale Corporation. Keppel Land China did the deal through an entity called Eternal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Korea NPS Co-Invested in Delaware Basin Assets with Morgan Stanley

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The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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