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National Pension Fund to Boost PE Investment

06-11 12:19 Caijing



» China's National Council for Social Security Fund (NCSSF) plans to invest in three to five private equity funds this year, raising its PE investment to 10 billion yuan, the official Shanghai Securities News reported, citing Dai Xianglong, chairman of the fund.
» The government last year approved China's national pension fund to invest up to 10 percent of its assets in domestic private equity funds.
» In June 2008, the NCSSF invested 4 billion yuan in PE funds, split equally between two yuan-denominated funds, CDH Investments and Hony Capital.
» Earlier, the pension fund said it had total assets of 562.4 billion yuan at the end of 2008, down from 569.2 billion yuan at the end of 2007.
From wires
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