China Daily reported:
The National Council for Social Security Fund, China's largest limited partner, has only invested 2.2 percent of its money into the venture capital and private equity sectors, and there is ample room for growth, said Wang Zhongmin, vice-chairman of the SSF, on Wednesday.The usual suspects want a piece of this potential four bagger investment increase:
"Under the rules, up to 10 percent of the social security fund can be used for venture capital and private equity investment, and the ratio at the end of 2011 was only 2.2 percent," Wang said.
Leading private equity companies, including Blackstone Group LP and Carlyle Group, are seeking cooperation with the SSF.
The world loves PEU's, private equity underwriters. Greed has everyone chasing return.