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According to today’s SACE announcement, the company planed to invest RMB300.00M in Subscription for limited partner's property share of Shanghai Blackstone Equity Investment Partnership.
Blackstone (China) Equity Investment Management Co., Ltd. will be responsible for the management and control partnership affairs. Its related company in the territory, as the fund manager of partnership, will be responsible for fund investment project creation, structure drafting, negotiation and so on. Investment amount of SACE will be invested according to required project within the period, and a return based on the situation of project withdrawal will be got.
According to reports, the partnership was managed by the world's leading PE fund management team, indirect controlled by global PE giant Blackstone, and initiated the establishment by its Blackstone (China) Equity Investment Management Co., Ltd. It was a limited partnership whose major business was equity investment, and whose target scale was RMB5.00B. Blackstone (China) Equity Investment Management Co., Ltd. was set up in October 30, last year, which was investment manager of Blackstone’s first regional RMB PE fund established in Shanghai Pudong Area, whose key investment region was Pudong Area and area around Shanghai.
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