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Private Equity
by Greg Cruey on May 7, 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."
© jurvetson
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
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