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China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. #china #middleeast #cic #investcorp #saudiarabia #uae #abudhabi #swf

China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation (CIC) is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. The partnership with Investcorp is part of CIC’s plans to look at more deals in the Middle East, the people said. The investment by CIC, which manages about US$1.3 trillion, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of US$500 million and the company is also planning to broaden the fund’s focus to investing across the Middle East and Asia. Source: Bloomberg News #china #beijing #chineseeconomy #globalfinance #banking #crossborder #investments #middleeast

“China Investment Corp. is working with Investcorp Holdings to put money into the Bahrain-based company's Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC's investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information” - GN #gcc #china #middleeast #asia #bahrain #cic #investcorp #investments #fund #preipo #assetmanagement #expansion #economy #deals

The China Investment Corporation (CIC) is reportedly in dialogue with Bahrain-based Investcorp to potentially back a US$800 million investment vehicle that will back pre-IPO Middle Eastern companies. Saudi Arabia’s Public Investment Fund (PIF) and at least one of Abu Dhabi’s three sovereign wealth funds are expected to back the fund, with a deal expected this month. The investment would help deepen relations between China and the Gulf region as Western investors, including North American and European public pension funds, have shied away amid tensions between Beijing and Washington. Global SWF analysis finds that Chinese assets represent between 2% and 5% of their Gulf sovereign wealth fund portfolios, and CIC is looking to match that level of allocation to the Arab Gulf states. Global SWF takes a closer look at Investcorp's role in closer Sino-Gulf relations: https://lnkd.in/eBgbxnED

Here's a ranking of the largest commitments to Africa-focused private capital funds approved by development finance institutions during the first quarter - https://lnkd.in/ezErtRrC #africa #dfi #fundcommitments #privatecapital #privateequity #venturecapital #infrastructureinvestment #news #data IFC - International Finance Corporation British International Investment Swedfund International European Investment Bank (EIB) Apis Partners Seedstars Africa Ventures African Infrastructure Investment Managers (AIIM) Ninety One A.P. Moller Capital

China's Sovereign Wealth Fund Teams Up with Bahrain's Investcorp for $1 Billion Middle East Investment. 🔹 Key Points: China's sovereign wealth fund partners with Bahrain's Investcorp to establish a $1 billion investment pot aimed at fostering cross-border cooperation. The Investcorp Golden Horizon fund will support companies in Saudi Arabia, the GCC region, and China, focusing on sectors like consumer, healthcare, logistics, and business services. The partnership underscores growing economic ties between the Middle East and China, bolstered by recent initiatives like the local currency swap agreement between SAMA and the People's Bank of China. 🔹 Quotes from Industry Leaders: Bin Qi, Executive VP & CIO at CIC: "We are working closely with Investcorp to strengthen financial and industrial ties between China and GCC countries." Mohammed Al-Ardhi, Executive Chairman of Investcorp: "This commitment by CIC reinforces the trust placed in our global platform and teams." Hazem Ben-Gacem, Co-CEO of Investcorp: "The new fund will facilitate cross-border cooperation and investments between the GCC and China." #InvestmentNews #MiddleEastInvestment #ChinaGCCPartnership #BusinessStrategy #InvestmentOpportunities #FinancialAdvisory #RealEstateInvestment

#Sovereignwealthfunds of #Saudiarabia and other #gulf nations deployed more capital in 2023 compared to 2022. #Gulf sovereign investors increased their share of the #global pie, even as state-backed investors of other countries like #singapore and #canada slowed their dealmaking activity. 🇸🇦 🇦🇪 🇶🇦 Check out VCCircle charts to know how #Gulf #sovereignwealthfunds #aum growth is contributing more to the global #swf AUM growth over the years. Public Investment Fund (PIF) ADQ Qatar Investment Authority Mubadala Abu Dhabi Investment Authority (ADIA) Roberto Croci Yasir Al Rumayyan #sovereignwealthfunds #saudiarabia #saudibusiness #saudivision2030 #saudivision #venturecapital #uaebusiness #uaenews #gulfnews #startupnews #fundingnews #gcc https://lnkd.in/dqEP8x-e

Middle Eastern wealth funds are facing greater scrutiny on US deals from the Biden administration, part of a broader pushback on entities perceived to have close ties with Beijing. The Committee on Foreign Investment in the United States is reviewing several multibillion dollar deals this year on concerns they could pose national security risks. Officials in President Joe Biden’s cabinet are currently reviewing more than half a dozen acquisitions, including deals from Abu Dhabi Investment Authority (ADIA), Mubadala and Saudi Arabia’s Public Investment Fund (PIF). #MergersAcquisitionsDivestitures #PrivateEquity #Fundraising

Unsurprisingly, Saudi Arabia sovereign wealth fund is planning to expand into China and India. #petroyuans need recycling […] Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PFI), is considering setting up offices on the Chinese mainland and in India as it seeks closer ties to Asia, Yasir Al-Rumayyan, the fund’s governor, said during a summit in Hong Kong. […] #saudiarabia #china #india #fundmanagement #assets #sovereignwealth #investment #brics #beijing #shanghai #currencies #asia

NEWS: Middle Eastern wealth funds are facing greater scrutiny on US deals from the Biden administration, part of a broader pushback on entities perceived to have close ties with Beijing. To an extent, increased interactions with CFIUS reflect an uptick in investments by Gulf funds into the US. Of the $89 billion these entities spent on investments in 2022, $52 billion went into Europe and North America, according to Global SWF. That’s continued into 2023, with the wealth funds participating in US deals worth more than $23 billion dollars, data compiled by Global SWF show. Abu Dhabi Investment Authority (ADIA) Mubadala Public Investment Fund (PIF) U.S. Department of the Treasury Global SWF Stephenie Gosnell Handler Emily Kilcrease #sovereignwealthfunds #finance #mideast #uae #saudi #us #china