CICC's PE Arm Managing 15 Bln Yuan in Funds

(Beijing) – The private equity investment arm of China International Capital Corp. Ltd. (CICC) now manages more than 15 billion yuan worth of funds, the executive in charge of the businesses said.

The funds include CICC Jiatai Industry Integration Fund, created in May 2011 and the first fund to allow a securities firm to use non-proprietary money for PE investment. Previously, securities firms were only able to conduct PE investment with their own money and the investment had to be less than 15 percent of their net capital.