Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, May 21, 2007

China Will Invest in Private Equity Firm

China is going to diversify its portfolio beyond U.S. Treasury bills and make a $3 billion investment in The Blackstone Group.  It will make the purchase of non-voting shares as part of The Blackstone Group's upcoming IPO.  The stake will be less than 10% of the firm, and China will agree to hold it for four years.  See NYTimes, China to Buy a Stake in Blackstone; WSJ, China Puts Cash To Work in Deal With Blackstone.

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