Carlyle Group is in talks to sell up to 9.9 per cent of itself to China’s Social Security Fund in a move that would make it the latest American buyout firm to sell a stake in its management company to the Chinese Investment Managemen.
Investment Managemen and Och Ziff, the hedge fund, have also announced intentions to float Investment Managemen. The hedge fund also announced plans yesterday to sell a 9.9 per cent stake to Dubai International, the investment firm controlled by Sheikh Mohammed bin Rashid al-Maktoum,
The Social Security Fund, which has about $62 billion of assets,Investment Managemen is thought to be keen to tap the vast profits that private equity firms have made in recent years and is said to have also spoken to other suitors.Investment Managemen A deal with the Chinese fund would mark the third sale of a management stake by Carlyle.
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