China $1.3 Trillion Sovereign Wealth Fund China Investment Corporation Reports +6.57% 10-Year Annualized Return in 2023 & +6.23% Annualized Return Since Inception in 2007
8th October 2024 | Hong Kong
China sovereign wealth fund China Investment Corporation (CIC) with $1.35 trillion AUM has reported +6.57% 10-year annualized return in 2023, and +6.23% annualized return since inception in 2007. In 2024 June, China Investment Corporation (CIC) appointed Chen Zhong as Deputy Head, Vice-President & CFO. In 2024 March, CIC had appointed Liu Haoling as President, Vice-Chairman & Chief Investment officer, succeeding Ju Weimin. China Investment Corporation (CIC), founded on 29 September 2007, was established as a vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. Three subsidiaries of CIC—CIC International Co., Ltd. (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd. (Central Huijin) – were incorporated separately and function as three distinct entities.
“ China $1.3 Trillion Sovereign Wealth Fund China Investment Corporation Reports +6.57% 10-Year Annualized Return in 2023 & +6.23% Annualized Return Since Inception in 2007 “
China $1.35 Trillion Sovereign Wealth Fund China Investment Corporation Appoints Chen Zhong as Deputy Head, Vice-President & CFO, Appointed Liu Haoling as President in 2024 March
7th June 2024 – China sovereign wealth fund China Investment Corporation (CIC) with $1.35 trillion AUM (Assets under Management) has appointed Chen Zhong as Deputy Head, Vice-President & CFO. In 2024 March, CIC had appointed Liu Haoling as President, Vice-Chairman & Chief Investment officer, succeeding Ju Weimin. China Investment Corporation (CIC), founded on 29 September 2007, was established as a vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. Three subsidiaries of CIC—CIC International Co., Ltd. (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd. (Central Huijin) – were incorporated separately and function as three distinct entities.
China $1.35 Trillion Sovereign Wealth Fund China Investment Corporation & Alternative Investment Firm Investcorp Launch $1 Billion Investcorp Golden Horizon Fund to Invest in High-Growth Companies Including Consumer, Healthcare, Logistics & Business Services in Saudi Arabia, Countries of Gulf Cooperation Council & China, Fund Will be Anchored by Institutional & Private Investors from Gulf Cooperation Council & China Investment Corporation
28th April 2024 – China sovereign wealth fund China Investment Corporation (CIC) with $1.35 trillion AUM (Assets under Management) & alternative investment firm Investcorp have announced the launch of the new $1 billion Investcorp Golden Horizon fund to invest in high-growth companies including consumer, healthcare, logistics & business services in Saudi Arabia, Countries of Gulf Cooperation Council & China. The fund will be anchored by institutional & private investors from Gulf Cooperation Council & China Investment Corporation (CIC). Announcement (24/4/24:) Investcorp, a leading global alternative investment firm, and China Investment Corporation (“CIC”), one of the world’s largest sovereign wealth funds, have today announced the launch of “Investcorp Golden Horizon” to invest in high-growth companies across Saudi Arabia, the rest of the countries of the Gulf Cooperation Council (the “GCC”) and China (the “Platform”). The Platform has a target size of USD 1 billion and will be anchored by reputable institutional and private investors from the GCC, as well as CIC. Target companies are expected to have high growth potential in attractive sectors, including consumer, healthcare, logistics and business services. The Investcorp Saudi Pre-IPO Growth Fund, which is part of the Platform, has already announced three investments in the GCC. This anchor commitment from CIC to the Platform comes at a time when the GCC’s appeal to institutional investors is gathering pace, thanks to its stable regulatory environment and its pro-business policies, including its economic diversification drive and strategic privatisation mandates. The announcement of the Platform’s launch was made today at the Investcorp’s China-GCC Investment and Business Cooperation Summit in Riyadh.
Investcorp’s Executive Chairman, Mohammed Alardhi: “This commitment by CIC, one of the world’s largest sovereign wealth funds, is a testament to Investcorp’s unparalleled franchise in the GCC and reinforces the trust placed in the firm’s global platform and teams. We are looking forward to building on this relationship and growing our partnership in the future.”
Dr. Bin Qi, Executive Vice President and Deputy CIO of CIC: “As one of the world’s largest sovereign wealth funds, CIC has been actively investing in both developed and emerging economies. During the past couple of years, we have built several bilateral funds with leading financial institutions to facilitate industrial cooperation between China and major economies in the world. Currently we are working closely with Investcorp to build a similar bilateral fund to strengthen financial and industrial ties between China and GCC countries.”
Hazem Ben-Gacem, Co-CEO of Investcorp: “We’re delighted to be partnering with CIC to participate in the economic transformation and investment opportunities presented across the GCC. As a leading global alternative asset manager with roots in the GCC and a 40+ year track-record across multiple asset classes, Investcorp is perfectly placed to facilitate cross border cooperation and investments between the GCC and China. This is the first step in what we expect to be a fruitful relationship and we look forward to making significant positive impacts on businesses in both regions.”
China $1.35 Trillion Sovereign Wealth Fund China Investment Corporation & Alternative Investment Firm Investcorp Launch $1 Billion Investcorp Golden Horizon Fund to Invest in High-Growth Companies Including Consumer, Healthcare, Logistics & Business Services in Saudi Arabia, Countries of Gulf Cooperation Council & China, Fund Will be Anchored by Institutional & Private Investors from Gulf Cooperation Council & China Investment Corporation
Investcorp
Investcorp is a leading global manager of alternative investments with six lines of businesses, including: private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. In 1982, we began as a pioneer in private equity, acting as a bridge between the Gulf and the rest of the world with a strong service ethos that demanded deal-by-deal investments. Over four decades, we have learned from every deal and market cycle to build client relationships that have crossed generations, offering a diverse and truly global investment portfolio. With a work ethic that is both entrepreneurial in spirit and institutional in practice, and a policy of investment that we seek to make both responsible and profitable, we aim to generate strong performance for our valued investors around the world.
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