NCSSF chairman pledges to increase PE investment
Dai Xianglong tells a forum the social security fund will raise its private equity investment heavily over the next three years after PE accounted for 70% of its total return in 2011.
The chairman of China’s National Council of Social Security Fund, Dai Xianglong, has publicly announced plans to increase private equity investment sharply in the next two or three years.
During a global private equity forum staged in Beijing at the weekend, it emerged that investments into unlisted private equity firms had contributed almost 70% of the fund’s total return last year, although the annual figures will not be released until this May.
Wang Zhongmin, NCSSF vice-chair…
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