CIC’s ~USD 1bn US PE portfolio clears to Goldman Sachs AM and Ardian
Bloomberg confirmed on 14 April that Goldman Sachs Asset Management and Ardian jointly acquired China Investment Corporation’s approximately USD 1bn portfolio of US private equity fund interests. The book covers positions with Blackstone, Carlyle and six other US managers. Evercore advised. The transaction closed in late 2025; the disclosure followed six months later.
Bloomberg disclosed pricing on both legs: Goldman Sachs Asset Management took its share at a single-digit discount to NAV, Ardian at a double-digit discount.
This is the first publicly disclosed Asian sovereign-seller LP-led secondary on a North American underlying at this scale. The pricing print matters beyond CIC. It establishes a hard clearance reference for Asian sovereign paper routed through global platforms and narrows the range any subsequent Asian sovereign seller can argue from.
Source: Bloomberg, 14 April 2026
Saint Clair Secondaries Intelligence. Published by Saint Clair Pte. Ltd., Singapore.
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