Land Rush: CIC Invests In US Real Estate Via The BackdoorAugust 2010 | Corporate Finance Market Leader
At a time when many institutional investors are still licking their wounds over loses in real estate investment portfolios in the US, the deep-pocketed China Investment Corporation (CIC) is busy buying its way in. Significantly, the Chinese state-backed investment vehicle is doing so via the backdoor. In line with CFW 's key market view that sovereign wealth funds (SWFs) are set to become increasingly active investors, China's CIC has moved to acquire the Harvard University endowment interest in a collection of real estate funds worth a combined US$500mn.
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