China Sovereign Fund Cuts US Private Assets Amid Trade War Risk
China Investment Corp. offices at the New Poly Plaza office tower in Beijing.
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China Investment Corp., the nation’s $1.3 trillion sovereign wealth fund, is cutting exposure in US private markets to curb risks as an escalating trade war between the world’s two largest economies threatens its investments, according to people with knowledge of the matter.
The Beijing-based fund is planning to reduce holdings in US private assets, which may include real estate and infrastructure in addition to private equity, said the people, who declined to be identified as the considerations are private. The company has already started seeking buyers for about $1 billion in private equity investments managed by US firms, they added.