Three Sovereign Funds Launch China‑ASEAN Investment Platform with $520 Million First Close

The State Oil Fund of Azerbaijan (SOFAZ), China Investment Corporation (CIC), and the Indonesia Investment Authority (INA) have jointly established the Galaxy Orientis China–ASEAN Investment Program (CAIP), a sovereign private equity platform targeting longterm opportunities in China and Southeast Asia.

The platform has completed an initial fundraising of approximately $520 million, with a target total size of $1 billion.

Structure and focus. CAIP is governed jointly by the three sovereign funds. It will focus on sectors including industrials, healthcare, consumer goods, business services, and technology – areas benefiting from deepening ChinaASEAN trade ties and ongoing supply chain reconfiguration in Southeast Asia.

Operational partner. CGS International Securities Pte. Ltd. (CGS International), the overseas operating subsidiary of China Galaxy Securities, serves as the core partner, leveraging its existing infrastructure and network across ASEAN to support the platform’s operations.

Notable firsts. For INA, this marks its first participation in a fundoffunds structure. The platform is positioned as a dedicated investment vehicle for the ChinaSoutheast Asia economic corridor.

Signing ceremony. The CAIP agreement was signed in Beijing on April 13, 2026, with senior representatives from CIC, INA, SOFAZ, and CGS International in attendance.

Background. CIC, China’s sovereign wealth fund, manages approximately $1.57 trillion in total assets. SOFAZ manages over $70 billion. INA is Indonesia’s sovereign wealth fund focused on sustainable development and longterm value creation. CGS International operates across more than ten countries, offering brokerage, asset management, investment banking, and other financial services.