Asian sovereign investors face off with funds in hunt for private deals

SINGAPORE (July 18): Asian sovereign investors are increasingly adding non-public firms to their portfolios amid pricey stock markets, a strategy that could be risky as they compete head-on for such deals with cashed-up private funds.

Such investments of China Investment Corp (CIC) and Singapore's Temasek Holdings, two of the biggest state investors in Asia, were in the spotlight this month at the investors' annual performance reviews where they warned of pressure on returns from a challenging environment for equities investing.

Temasek is increasing investments in unlisted firms, while CIC is looking to expand its US direct investments.

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