VENTURE CAPITAL POST

Seeking to sustain its retail brokerage trade, China International Capital Corp has announced its plans in acquiring China Investment Securities for 16.7 billion yuan ($2.5 billion).

Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter

CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.

PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.

China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.

China Investment Corp. posted a 10.6% return on its overseas investments last year.

China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group.

According to a WSJ report, China is set to appoint Ding Xuedong to be the new head of China Investment Corporation.

CIC VP was quoted as saying that CIC's overseas investment portfolio grew in 2012.

China Investment Corp (CIC) has sold most of its stake in BlackRock Inc.

News and developments in Asia private equity from Reuters News for the week ending July 27.

China's sovereign wealth fund China Investment Corp. suffered its first-ever drop in net profit in 2011 and predicted tough trading conditions may persist as volatile financial markets dent stock investments.

China Investment Corp CIC.UL is pumping billions of dollars into private equity firms in a move meant to boost returns at the sovereign wealth fund.

China's $410 billion sovereign wealth fund China Investment Corp has cut its stock and bond investments in Europe as it sees rising risks of a euro zone breakup.

News and developments in Asia private equity from Reuters News for the week ending May 25.