Financial Times, 2 Dec 2009
China Investment Corp, China’s sovereign wealth fund, is offering to invest as much as €800m (£723m) into Apax Partners’ €11.2bn private equity fund in a groundbreaking deal.
It would join GIC and Future Fund, the Singapore and Australian sovereign wealth funds, which bought 7.7 per cent of Apax this year.
Apax is backed by some of the world’s biggest institutional investors, including the Washington State Investment Board and California State Teachers’ Retirement System in the US, AlpInvest in the Netherlands and GIC in Singapore.
Full Story
Related:
CIC May Invest 800 Million Euros in Apax Buyout Fund, FT Says - Bloomberg.com
Stake sale has two-fold appeal for Apax - Financial Times
