January 29, 2019 |
About CIC
The Group is majority owned by CIC. Headquartered in Beijing, China Investment Corporation (’CIC’) was founded on 29 September 2007 as a wholly state-owned company incorporated in accordance with China’s Company Law. As China’s sovereign wealth fund, CIC was established as a vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within an acceptable risk tolerance. As a long-term financial investor, CIC invests on a commercial basis. As at 31 December 2021, CIC’s net assets reached $1.25 trillion.The overseas investment and management activities of CIC are undertaken by CIC International and CIC Capital. Both CIC International and CIC Capital are market oriented commercial entities with a specialised mandate and global reach.
WHAT THEY DO
CIC is committed to being a prudent, professional and responsible institutional investor operating globally with good reputation. As a long-term financial investor, CIC invests on a commercial basis. CIC is also a responsible investor, abiding by the laws and regulations of China and recipient countries and conscientiously fulfilling its corporate social responsibilities. CIC pursues investments based on in-depth research within its asset allocation framework to ensure a prudent and disciplined decision-making process.
CIC follows a set of investment philosophies, which is firmly based on its institutional characteristics and understanding of investment management:
- CIC takes a holistic and disciplined approach to strategy design, portfolio construction and management to ensure portfolio integrity and stability.
- As a long-term investor, CIC is well-positioned to withstand short-term market volatilities and capture illiquidity premium.
- CIC continues to pursue risk diversification through spreading risk factor allocation in a bid to reduce portfolio volatility and curb downside risk.
LOGICOR INVESTMENT
In November 2017, in an innovative approach to foreign direct investment, CIC formed a consortium of like-minded Chinese partners to acquire Logicor, which owns and operates a portfolio of high-quality European logistics assets.
CIC, the leading investor, brought in several Chinese equity partners and obtained debt financing from a Chinese syndicate to fund the deal with a total value of €12.25 billion. The deal was successfully completed with joint efforts of all parties. CIC together with their co-investors hold a majority stake in Logicor with CIC having controlling interest. At December 2017, the Logicor deal was CIC’s largest direct investment in asset value.
The transaction clinched the 2017 PERE global award for “Deal of the Year,” and CIC won the PERE Europe award for “Institutional Investor of the Year.”
More details about CIC can be found here http://www.china-inv.cn.
About Blackstone
Blackstone has a minority interest in the Group. Blackstone is the world’s largest alternative asset manager. Blackstone seeks to create positive economic impact and long-term value for investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s $975 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.