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Private equity ambitions seen at heart of CIC's tie-up with BlackRock

Leigh Powell
The joint-venture is expected to be between $1-3 billion in size to invest in PE opportunities in China and globally. The deal is seen as mutually beneficial in terms of education transfer.
Private equity ambitions seen at heart of CIC's tie-up with BlackRock

The mooted joint-venture between China sovereign wealth fund CIC and global asset manager BlackRock will be a private equity-style fund less than $10 billion in size, sources are estimating.

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