China's Sovereign-Wealth Fund Looks For Deals In U.S. Real Estate

According to reports from the Wall Street Journal, China's sovereign-wealth fund, China Investment Corp., is looking to invest in U.S. real estate and could potentially distressed mortgage securities through a U.S.-government program.

The Journal said CIC held talks with U.S. private-equity fund managers, including BlackRock Inc. (NYSE: BLK), Invesco Ltd. (NYSE: IVR) and Lone Star Funds, about investment opportunities in beaten-down property assets, from mortgages backed by offices, hotels and other commercial property to ownership interests in actual buildings.

CIC also is considering investing through the U.S. Treasury's Public-Private Investment Program, known as PPIP.

Link to WSJ Article

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