Silk Road Fund seeks to bolster infra unit

The $40bn investment vehicle is looking to hire 20 people to look after investments, project management and risk mitigation.

China’s Silk Road Fund is looking to expand its investment team by hiring as many as 20 professionals with infrastructure investment backgrounds. 

The Beijing-based vehicle looks to hire two to three senior directors, another two to three directors and nine managers to take care of deal sourcing and investment negotiations, according to a recruitment announcement released this week. 

These vacancies require candidates to have working experience in major financial institutions or investment management firms, with knowledge of financial markets, fund operations, M&A and financing in sectors including energy resources, infrastructure, manufacturing, green energy, telecoms, healthcare or the consumer market. 

There are also three vacancies, ranging from senior director to manager, to support post-investment management. The announcement also stressed that the candidates should have project management experience, particularly in the transport, energy, resources, manufacturing or infrastructure industries.

Risk management specialists are also in demand as the fund seeks to hire a senior director and a manager for its dedicated team. 

The $40 billion investment fund, which has a medium- to long-term investment horizon, has a mandate to support the development of the “One Belt One Road” initiative proposed by the Chinese government in 2013 through investing in projects linked to infrastructure, natural resources or industrial capacity. 

The latest acquisition by the fund of a 10 percent equity stake in PJSC SIBUR, a Russian gas processing and petrochemicals company, reached financial close last month. Its portfolio also includes hydro power projects in Pakistan, listed Chinese power developer China Energy Engineering Corporation and a minority stake in a Russian liquefied natural gas project.