First Close of US$520 Million Anchored by China Investment
Corporation, Indonesia Investment Authority, and State Oil Fund of
the Republic of Azerbaijan


BAKU, Azerbaijan, April 15. China Investment
Corporation (“CIC”), Indonesia Investment Authority (“INA”), and
the State Oil Fund of the Republic of Azerbaijan (“SOFAZ”) have
jointly established the Galaxy Orientis China–ASEAN Investment
Platform (“CAIP” or “the Program”), a sovereign-led private equity
platform dedicated to capturing long-term investment opportunities
across the China–ASEAN corridor, Trend reports.


The Program has reached a first close of approximately US$520
million, with a target size of US$1 billion.


The Program brings together the three sovereign wealth funds in
a jointly governed investment platform, designed to facilitate
long-term capital flows and industrial collaboration between China
and the ASEAN region. Against a backdrop of deepening China–ASEAN
trade integration and accelerating supply-chain realignment across
Southeast Asia, CAIP aims to capture high-quality investment
opportunities in industrial, healthcare, consumer, business
services, technology and other sectors that drive this structural
shift.


CGS International Securities Pte. Ltd. (“CGS International”),
the overseas arm of China Galaxy Securities (“CGS”), serves as
General Partner, providing regional expertise, operational
infrastructure, and on-the-ground networks across Southeast
Asia.


The funds under the Program will be invested in fund structures
managed by reputable private equity managers that exhibit a clear
China–Pan ASEAN angle, as well as deals in select ASEAN countries.
These include Chinese companies with clear strategic plans to
expand into ASEAN, or ASEAN companies that can benefit from Chinese
technologies, supply chain, know-how, and talent.


Zhang Qingsong, Chairman and CEO of CIC said,
"CIC, together with our partners INA and SOFAZ, is launching the
Galaxy Orientis China-ASEAN Investment Program based on our firm
optimism about ASEAN's economic growth prospects and deep
recognition of the immense potential of China-ASEAN cooperation. We
hope, through investing in high-quality companies targeting the
ASEAN market, the Fund will not only deliver a sound financial
return, but also promote regional economic prosperity, achieving
win-win outcomes on social and economic fronts. It is also part of
CIC’s continuous effort to leverage our unique advantage as the
Chinese sovereign wealth fund and collaborate with partners to
capture global opportunities.


Eddy Porwanto, Acting Chief Executive Officer of
INA, said, “This Program represents a strategic step in
establishing a dedicated investment platform across the
China–Southeast Asia corridor. As INA’s first investment into a
fund-of-funds under this thematic program, it reflects our role as
a strategic partner in helping unlock high-quality investment
opportunities. Through this platform, INA aims to facilitate the
flow of long-term capital, alongside global expertise and networks,
in partnership with leading global institutional investors, into
sectors that foster sustainable growth and long-term economic value
creation in Indonesia.”


Israfil Mammadov, Chief Executive Officer of
SOFAZ, said, “SOFAZ is delighted to partner with CIC and
INA on the China–ASEAN Investment Program. This platform represents
a key milestone in our strategy to build deep,
sovereign-to-sovereign partnerships that access the world’s most
dynamic economic corridors. By pooling our collective expertise and
long-term capital, we are better positioned to capitalize on the
accelerating trade and supply-chain integration between China and
Southeast Asia, while contributing to the further diversification
of SOFAZ’s investment portfolio.”


Wu Peng, Chairman of CGS International, said,
“CGS International will bring to the Program our extensive
knowledge, deep presence and wide networks in Southeast Asia,
capitalising its high growth sectors and renewed investor interest.
We are grateful to CIC, INA and SOFAZ for trusting us to help them
navigate the region’s complexities and growth opportunities.”


The Fund was launched at the signing ceremony held on 13 April,
in Beijing, China. CIC Executive Vice President and Deputy Chief
Investment Officer, Zhang Shaoqing, INA Chief
Investment Officer, Christopher Ganis, SOFAZ Chief
Investment Officer, Farhad Zeynalov, and CGS
International by Member of the Executive Committee and Business
Director of CGS and Chairman of CGS International, Wu
Peng, represented the respective parties for the
signing.


About China Investment Corporation







Founded in 2007, Beijing-headquartered China Investment
Corporation (CIC) was established to diversify China’s foreign
exchange holdings and is one of the largest sovereign wealth funds
in the world. By the end of 2024, CIC's total assets stood at USD
1.57 trillion.


CIC operates on an international, market-driven, and
professional basis and remains dedicated to prudent, professional
and responsible investment. CIC’s overseas investment activities
include public equity and bond investments; hedge fund and
multi-asset investments; industry-wide private equity and private
credit investments; direct investments and fund investments in
sectors such as real estate, infrastructure, resources and
commodities, and agriculture; and managing bilateral and
multilateral funds.


About Indonesia Investment Authority (INA)


Indonesia Investment Authority is Indonesia’s sovereign wealth
fund mandated to increase investment to support the country’s
sustainable development and build wealth for its future
generations. INA conducts investment activities and collaborates
with leading global and domestic investment institutions in sectors
that strengthen Indonesia’s advantages and provide risk-adjusted
optimal returns. For more information, visit: www.ina.go.id.


About State Oil Fund of the Republic of Azerbaijan
(SOFAZ)


The State Oil Fund of the Republic of Azerbaijan (SOFAZ),
established in 1999, is a sovereign wealth fund dedicated to
managing the nation’s oil and gas revenues, with a commitment to
safeguarding and enhancing wealth for future generations. As a
long-term investor with over USD 70 billion in assets under
management, SOFAZ pursues a diversified investment strategy that
encompasses global opportunities across various sectors, including
fixed income, equities, gold, real estate, and infrastructure.


For more information: www.oilfund.az


About China Galaxy Securities / CGS International
Securities


China Galaxy Securities (“CGS”) is a leading Chinese investment
bank, serving over 20 million clients worldwide with assets under
custody exceeding RMB 6 trillion. CGS operates one of the largest
branch networks in China and has an extensive presence across
Asia.


CGS International Securities Pte. Ltd. (“CGS International”) is
the overseas arm of CGS, responsible for its international business
and regional expansion. Leveraging CGS’s strong foundation,
together with deep global and ASEAN insights, CGS International
offers a comprehensive suite of services, including equities
trading, leveraged products, wealth management, investment banking,
equities research, Shariah-compliant financing, fixed income,
currencies and commodities, structured products, and prime
brokerage, across more than 10 countries and regions.