China’s VCs look to the Middle East for a U.S. greenback lifeline

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Many Middle East buyers have talked about offers in the very last 12 months with Chinese undertaking money funds, in accordance to 3 Chinese corporations with U.S. greenback-denominated funds, which requested for anonymity.
Whilst the funds isn’t really completely changing U.S. financial investment, it’s predicted to account for about 20% of all U.S. dollar funding by Chinese undertaking funds corporations, one particular of the sources believed.
The 8 greatest Middle East sovereign wealth funds had far more than $3 trillion in blended full assets as of past yr, in accordance to the hottest estimates readily available from Preqin.

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