#China's #Forex Regulator to Buy Some #PrivateEquity Fund Stakes From GM Pension Plan -FT@WSJ #bennyquetell @resilient_ent #resilientmediaentertainent

China's foreign exchange regulator has agreed to pay $1.5 billion to $2 billion for some private equity fund interests held by General Motors Co.'s (GM) pension plan, the Financial Times reported Wednesday, citing people familiar with the transaction. China's State Administration of Foreign Exchange, which also manages state foreign exchange reserves, will buy positions in funds managed by firms including Carlyle Group LP (CG) and Blackstone Group LP (BX), the report said.

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