Aptos

David

Strong

<div class="watcher-guru">  
 <p><a rel="dofollow" title="Goldman Sachs" href="https://thebittimes.com/tag/goldman-sachs.html">Goldman Sachs</a> has used a fund set up with Chinese state money to buy a series of US and UK companies. The Wall Street bank has made seven deals using cash from a $2.5 billion private equity “partnership fund” it set up in 2017 with the sovereign wealth fund China Investment Corporation. This is according to people close to the fund and its operations.</p> 
 <p>The bank did reveal its investments&nbsp;in these companies in the past. However, <a rel="dofollow" title="Goldman Sachs" href="https://thebittimes.com/tag/goldman-sachs.html">Goldman Sachs</a> did not say the deals were financed at least partly from the&nbsp;Chinese&nbsp;fund.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies, according to a new report." class="wp-image-88086 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1024w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 300w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 768w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 380w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 550w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 800w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1160w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1280w" data-eio="j">
  <noscript>
   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp" alt="Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies, according to a new report." class="wp-image-88086" srcset="https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1024w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 300w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 768w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 380w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 550w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 800w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1160w, https://cdn.thebittimes.com/images/2023/08/30/a93c3907fcac780fe7842a80d176fd93.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source – TechStory
  </figcaption>
 </figure> 
 <p>The deals include companies with the following businesses, according to the Financial Times:</p> 
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 <ul> 
  <li> A start-up that tracks global supply chains</li> 
  <li>A consultancy that advises on cloud computing</li> 
  <li>A drug testing company</li> 
  <li>A manufacturer of systems used for artificial intelligence, drones, and electric vehicle batteries</li> 
 </ul> 
 <p><strong>Also Read: <a rel="dofollow" title="Goldman Sachs" href="https://thebittimes.com/tag/goldman-sachs.html">Goldman Sachs</a>: Bitcoin’s Profit-Taking Remained Strong in May</strong></p> 
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 <p>These deals by Goldman Sachs again shed light on how private equity funds are an effective way for Sovereign wealth funds to obtain holdings in different companies. The Goldman Sachs and CIC partnership has existed since the Trump presidency in 2017. Back then, The bank said CIC would be an “anchor investor” in the fund, as well as play an active role in helping the purchased companies expand in China.</p> 
 <p><a rel="dofollow" title="Goldman Sachs" href="https://thebittimes.com/tag/goldman-sachs.html">Goldman Sachs</a> says in a statement: </p> 
 <blockquote class="wp-block-quote"> 
  <p>“The co-operation fund is a US fund run by a US manager, and is managed to be in compliance with all laws and regulations . . . It continues to invest in US and global companies, helping them increase their sales into the China market.”</p> 
 </blockquote> 
 <p>The CIC has also invested in the following companies in the past:</p> 
 <ul> 
  <li>Cprime</li> 
  <li>Parexel</li> 
  <li>Project44</li> 
  <li>Aptos</li> 
  <li>Visual Comfort &amp; Co</li> 
  <li>Boyd Corporation</li> 
 </ul> 
 <p><a rel="dofollow" title="Goldman Sachs" href="https://thebittimes.com/tag/goldman-sachs.html">Goldman Sachs</a> has kept a relationship with the CIC. According to the CIC, the bank’s chief executive David Solomon met with CIC’s executive vice-president Qi Bin, and chair Peng Chun in March.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>china</li>
  <li>Goldman Sachs</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/goldman-sachs-bought-us-companies-with-chinese-state-funds-tbt60853.html">https://thebittimes.com/goldman-sachs-bought-us-companies-with-chinese-state-funds-tbt60853.html</a></p>

Goldman Sachs bought US Companies With Chinese State Funds

TheBitTimes

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