CIC teams up with Belgium sovereign for European deals
The formation of the A Capital China Outbound Fund will see Chinese firms take minority stakes in mid-sized European businesses that want to expand into emerging markets.
China Investment Corporation (CIC) is teaming up with a fellow sovereign fund in Belgium for a growth capital vehicle that will give Chinese investors exposure to Europe.
The A Capital China Outbound Fund is the result of a partnership between CIC, Belgian Federal Holding Investment Company and private equity firm A Capital, which will manage the fund.
A first close was recently held at an undisclosed sum. André Loesekrug-Petri, managing partner of A Capital, says it is a “subst…
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