CIC Close to Selling $1 Billion in US Private Equity Stakes

China Investment Corp., the nation’s $1.3 trillion sovereign wealth fund, is close to finalizing the sale of about $1 billion in US private equity stakes following a temporary pause in the deal, according to people familiar with the matter.

Paris-based Ardian SAS is among the final bidders for the portfolio, the people said, requesting not to be named because the information is private. Fund stakes being sold include those managed by Carlyle Group Inc., Hellman & Friedman, and Welsh Carson Anderson & Stowe LP, according to the people.

Ardian declined to comment. Beijing-based CIC and ...