China’s Social Security Fund, which manages over $61 billion in assets, appears to have an aggressive interests in getting further into the US private equities markets. Talks have slowed somewhat because the investment by China Investment Corp into Blackstone (BX) has not turned out as well as was planned.
But, the SSF is now considering buying up to 9.9% in KKR, Carlyle, or TPG, according to the FT.
Members of Congress have voiced concern about deals of this kind and have already questioned an investment in Bear Stearns (BSC) by China’s Citic Securities. How a minority investment in a brokerage or private equity firm would effect the national interest or compromise government secrets is not entirely clear.
But, Congress will still want to look into it.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
