CIC to increase exposure to overseas alternatives

The Chinese state fund is planning to allocate 45% of its overseas portfolio towards alternatives and direct investments.

The chairman of China Investment Corporation (CIC), Tu Guangshao, has said that the state fund would increase its overseas alternatives and direct investments’ exposure.

CIC is aiming to scale up its allocation to alternatives and direct investment to around 45 percent of its overseas portfolio. To achieve that, it plans to increase its partnerships with top-tier investments firms that CIC could co-invest with. Tu previously mentioned that its focus investment sectors include foreign technology, manufacturing, infrastructure and healthcare.

One recent example of CIC’s overseas investment expansion is its $5 billion joint fund with Goldman Sachs.

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