One of the world’s biggest sovereign wealth funds is about to make a billion-dollar move — and it’s stirring up quite a debate in global finance.
China Investment Corp. (CIC), the country’s massive $1.3 trillion sovereign wealth vehicle, is reportedly nearing the completion of a long-anticipated sale worth roughly $1 billion in U.S. private equity holdings. According to sources familiar with the talks, the deal is finally back on track after being temporarily suspended earlier this year amid internal reviews and changing market conditions.
Among the finalists competing for these coveted assets is Paris-based Ardian SAS, a major name in the global private equity landscape known for aggressively pursuing secondary market deals. The people providing these details requested anonymity, given that the negotiations are still confidential and could shift at the last minute.
The portfolio on the table reportedly includes fund positions managed by major U.S. private equity giants such as Carlyle Group Inc. The Carlyle Group Inc., Hellman & Friedman Hellman & Friedman LLC, and Welsh Carson Anderson & Stowe LP. These are among the most established and influential firms in theCG/rest/finance/quote/CG?withuihints=trueDONE{
