CIC, JC Flowers to open $4 bln fund for U.S. deals http://news.xinhuanet.com/english/2008-04/05/content_7921941.htm
www.chinaview.cn 2008-04-05
China Investment Corp (CIC), the country's 200 billion U.S. dollars sovereign wealth fund, has signed a deal with JC Flowers & Co to launch a 4 billion dollars private equity fund to focus on investments in US financial assets, despite increasing worries over the snowballing credit crisis, a source said. http://news.xinhuanet.com/english/2008-04/05/content_7921941.htm