The Government of Singapore Investment Corp. (GIC) Special Investments is investing more than $1 billion in a private equity fund targeting new start-up companies in China, an industry source told Opalesque.GIC will make said investments in CDH in partnership with the International Finance Corp.--the private sector arm of the World Bank.
CDH, the private equity fund which GIC is investing in, is managed by CDH Investments, an international alternative asset fund manager with more than $2 billion of committed capital under management.
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