China Investment Corporation

CIC Could Give Capital Boost to Russia’s Transneft

With U.S. President Donald J. Trump adding more sanctions onto Russia due to pressure from the U.S. Congress (from both sides of the partisan aisles), Russia is moving closer to China in both economic and political ties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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SWFI First Read, July 30, 2017

Former CIC Executive to Joins Neuberger Berman Bin Yu is bringing his team from CloudRidge Capital, a firm that he formed in 2014, to Neuberger Berman. Bin Yu was named a Portfolio Manager at Neuberger Berman. Bin Yu was formerly at the China Investment Corporation (CIC), running a US$ 10 billion plus global equity portfolio. […]


Chinese Banks Help Underwrite CIC Acquisition of Logicor

In June, the China Investment Corporation’s (CIC) moved to acquire European warehouse firm Logicor from The Blackstone Group €12.25 billion, essentially the biggest private equity real estate deal in Europe. To pay for the deal, the CIC is arranging a €6.8 billion loan to fund the buyout. China Construction Bank and Bank of China jointly […]


Portion of CIC Funding Bonds to be Rolled Over

China’s Ministry of Finance had issued roughly 1.55 trillion RMB of notes back in 2007 to help establish the China Investment Corporation (CIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Schlumberger to Acquire a Majority Interest in Eurasia Drilling Company

Schlumberger Limited has agreed to acquire a majority 51% equity interest in Eurasia Drilling Company Limited, a Russian-based onshore and offshore drilling and well services contractor. The deal is subject to approval by the Federal Antimonopoly Service of Russia (FAS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


CIC Experiences AUM Growth in Overseas Investment Unit

The China Investment Corporation (CIC) released its 2016 annual report. Like many other peer sovereign fund reports, there was an emphasis on political uncertainty regarding powerful Western countries and how they had impacted returns for the 2016 fiscal year. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Russian Direct Investment Fund Expands Relationship into China

On July 4, 2017, the Russian Direct Investment Fund (RDIF) inked a number of deals with various Chinese governmental investment entities. The RDIF and the China Investment Corporation (CIC) increased capital for its joint fund, the Russia-China Investment Fund (RCIF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


Russia-China Investment Fund Invests in Online Steel Trading Platform Zhaogang

The Russia-China Investment Fund, a joint investment fund overseen by the Russian Direct Investment Fund (RDIF) and China Investment Corporation, is investing in China’s largest online steel trading platform Zhaogang. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Hong Kong Conglomerates Replacing SWF Money for London Towers?

Hong Kong’s Lee Kum Kee Group, which generated much of its wealth from manufacturing oyster sauce, is nearing a deal to acquire the famous Walkie Talkie building, at 20 Fenchurch Street, in London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Participates in InterPark Buyout

An investor group led by TIAA Private Investments, an affiliate of Nuveen, and Antarctica Capital finalized talks to buy Chicago-based InterPark, LLC, the largest owner-operator of parking infrastructure in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Bumi Resources Gets Approval on Rights Issue

PT Bumi Resources Tbk. is the biggest thermal coal miner in Indonesia and one that is mired in a massive pile of debt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Opportunistic Abu Dhabi Financial Group Boosts Stake in Noble Group

Abu Dhabi Financial Group, through its unit Goldilocks Investment Company Limited, purchased 50.5 million shares in Noble Group Ltd., the Hong Kong-based commodity trader company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Takes a Stake in 1515 Broadway Office Tower

SL Green Realty Corporation had made moves to recapitalize the 54-storey office tower at 1515 Broadway in Manhattan in early January. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BIG DEAL: CIC Acquires Logicor

The China Investment Corporation (CIC) beat out other bidders to acquire Logicor for €12.25 billion from The Blackstone Group. London-based Logicor is Blackstone’s pan European logistics company that operates a portfolio of logistics assets totaling 147 million square feet, in 17 countries with over 70% concentrated in the U.K., Germany, France and Southern Europe. The […]


SWFI First Read, June 2, 2017

Russian Direct Investment Fund Leads Investors into GlobalTruck The Russian Direct Investment Fund (RDIF) has agreed to invest in GlobalTruck, one of Russia’s largest independent transport groups, working in road transportation across Russia. RDIF invested alongside Middle Eastern investors in the deal, with a total aggregate investment exceeding US$ 50 million. GlobalTruck will use the […]


SWFI First Read, May 29, 2017

CIC Appears to be in Front for Logicor Deal Some sources are reporting that the China Investment Corporation (CIC) could be the winning bidder for Logicor, the European logistics business of The Blackstone Group. Other bidders include Global Logistics Properties (GLP) and Temasek Holdings, along with Mapletree Investments. Blackstone hired Eastdil Secured to facilitate the […]


Some Senators Have National Security Concerns on Foreign Property Investors

Increasingly, sovereign funds, pensions, family offices, state-owned conglomerates, insurance companies and high-net worth individuals from abroad are gradually spending more money into U.S. real estate. Wealth funds have ramped up operations, having invested in properties such as Hudson Yards, the Empire State Building (indirectly) and the Chrysler Tower. The China Investment Corporation (CIC) officially opened […]


ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion was […]


CIC Officially Opens New York Office

On May 19, 2017, the China Investment Corporation (CIC) officially opened its New York representative office. The office is at 350 Park Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Fund Capital to Invest in Major Moscow Real Estate Development

The former airfield Tushino in the North-West of Moscow is getting capital commitments from a wide swath of institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]