HKMA emerges as possible investor in ailing CVC Capital

The Hong Kong Monetary Authority has emerged as a possible investor in troubled CVC Capital Partners, which is said to have raised money by selling a 10% stake to a trio of investors including Singaporean and Kuwaiti sovereigns. If true, it would mark a notable private equity investment by the HKMA, which had reserved $11 billion out of its $300 billion exchange fund for alternative investments in the year ending December 2011. Additionally it brings into question the selection …