CIC builds team

China’s $200bn sovereign wealth fund is hiring globally for 33 positions across 13 departments, including real estate.

China Investment Corporation (CIC) has started a global recruitment drive.

The Chinese sovereign wealth fund presently has 33 positions on offer across 13 departments including real estate and four private market investment jobs, according to the CIC’s website.

CIC did not reply to requests for comments at press time.

The recruitment effort follows CIC’s reorganisation of its investment departments in April, which saw the creation of the public market investment department, tactical investment department, private market investment department and special investments department. These replaced three previous departments: fixed income investment, equity investment and alternative investment departments.

A private equity department was also established with Hu Bing appointed as its new head, Hu was previously in charge of CIC’s fixed income investment and trading activities, Reuters reported at the time.

CIC has reportedly committed $800 million to Morgan Stanley Real Estate Fund VII Global this April and $4 billion to US buyout major JC Flowers’ latest fund in February. Last November, CIC upped its stake in global alternatives manager The Blackstone Group.