China’s CIC Cancels USD1bn Private Equity Sale Amid Geopolitical Caution

China Investment Corporation (CIC) has withdrawn plans to sell approximately USD1bn in private equity fund stakes on the secondary market, Bloomberg reports. The proposed sale involved interests in Carlyle, KKR, and TPG-managed funds.

CIC, the country’s sovereign wealth fund, reportedly feared the deal might signal a retreat from international markets, especially amid rising geopolitical tensions with the United States.

The cancellation is rare at such an advanced stage and reflects shifting priorities in China’s outbound investment strategy amid ongoing global market volatility.