China Investment Corporation to invest in Apax: reports
China Investment Corporation (CIC), Beijing's sovereign wealth fund, is set to invest as much as €800m ($1.2 billion) in Apax Partners, a private-equity group, reports said.
The Financial Times reported on Thursday that CIC would acquire a small stake in the management company of the private-equity group in return for its investment.
A spokesperson for Apax had not returned CentralBanking.com's calls for comment at the time of going to press.
News of the investment comes after an academic close
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