CIC Is Said to Join Goldman for $5 Billion U.S. Investment Fund
- Private-equity fund to focus on U.S. manufacturing industry
- Goldman CEO Blankfein in China this week along with Trump
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China’s sovereign wealth fund has tapped Goldman Sachs Group Inc. to help invest as much as $5 billion in the U.S. manufacturing industry, according to people briefed on the matter.
Goldman Sachs will run a newly established private equity fund and invest some money alongside China Investment Corp., said the people, who asked not to be identified because the effort hasn’t been publicly announced. The fund is expected to be unveiled this week, when Goldman Sachs Chief Executive Officer Lloyd Blankfein will be in China as part of President Donald Trump’s visit, one of the people said.