CICC, Ascent Capital jointly to set up investment platform with $3b corpus

CICC, Ascent Capital jointly to set up investment platform with $3b corpus

Beijing, China. Photo by zhang kaiyv on Unsplash

CICC Capital, the private equity (PE) fund management platform of Hong Kong-listed investment bank China International Capital Corporation (CICC), has tied up with Korea’s cross-border investment firm Ascent Capital to set up a private equity investment platform with a total corpus of $3 billion.