EIG Global Energy fund says China's CIC has bought stake
HONG KONG |
HONG KONG Feb 2 (Reuters) - China Investment Corp (CIC) has acquired a minority stake in Washington-based EIG Global Energy Partners, EIG said in a statement.
Asset manager EIG did not disclose the size or value of the stake taken by China's $410 billion sovereign wealth fund.
EIG invests only in energy, resources and related infrastructure, and had $9.5 billion in assets under management as of November last year.
Specialising in private investments, EIG has invested more than $13 billion in the energy sector in its 30-year history.
Goldman Sachs Group Inc advised EIG on the deal.
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