SWFI First Read, July 28, 2017

BREXIT WHAT? Walkie Talkie Building Sold to Hong Kong LKK Health Products Group Infinitus Property Investment, a subsidiary of Hong Kong-based LKK Health Products Group, has acquired the 37-storey Walkie Talkie building in London for approximately £1.3 billion. The property is located at 20 Fenchurch Street. The sellers were Canary Wharf Group and Land Securities. […]

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IMCO Co-Invests in Corsair, Betting on PC Gaming

Fremont, California-based Corsair Components, Inc. (Corsair), a manufacturer of personal computing (PC) components, gaming peripherals and memory, was sold off to an investor group. San Francisco-based Francisco Partners sold a majority ownership interest in Corsair to EagleTree Capital (through EagleTree Partners IV fund), formerly known as Wasserstein Partners. [ Content protected for Sovereign Wealth Fund […]

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Will Nuveen Be Successful in APAC Distribution Strategy?

It’s never too late to join the Asian asset management distribution party. A number of large U.S. asset managers are banking heavily in the Asia Pacific region, hoping to catch a growing pool of both retirement and sovereign wealth assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]

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CDPQ Helps Finance Restart of Bloom Lake Iron Ore Mine

Champion Iron Limited, a listed company, revealed on July 13, 2017, that it secured US$ 180 million in debt financing conditional commitments for its subsidiary Québec Iron Ore Inc. from Caisse de dépôt et placement du Québec (CDPQ) and Sprott Resource Lending. This financing is part of the restart of Bloom Lake Iron Ore Mine’s […]

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CPPIB Expands IP Investments, Buys Partial Rights in Venetoclax

The Canada Pension Plan Investment Board (CPPIB) is expanding its global intellectual property investment program, eyeing royalty rights. The pension giant is attracted to the long-term cash flows, while growing exposure to uncorrelated assets to that of the broader capital markets. Since 2011, CPPIB invests in rights for royalties, patents, trademarks and copyrights, primarily in […]

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Telecon Gets a Boost of Capital

On July 13, 2017, Montreal-based Telecon Inc., a telecommunication network services provider, revealed that it raised $70 million in equity financing. The financing was led by Canadian private equity firm Clearspring Capital Partners, which is getting a 35% stake in Telecon. Caisse de dépôt et placement du Québec (CDPQ) is maintain a 30% ownership stake […]

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Temasek Holdings Co-Leads Investment Round in VR Company Within

Emerson Collective LLC, an entity owned by Laurene Powell Jobs (widow of Steve Jobs, co-founder and former chief executive officer of Apple Inc) and Temasek Holdings led a US$ 40 million round in Los Angeles-based Within, Inc., a virtual-reality (VR) company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

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  • IMCO Co-Invests in Corsair, Betting on PC Gaming

    Fremont, California-based Corsair Components, Inc. (Corsair), a manufacturer of personal computing (PC) components, gaming peripherals and memory, was sold...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    CDPQ Helps Back Cogec Communications MetroCast Deal

    On July 10, 2017, Atlantic Broadband, a subsidiary of Cogeco Communications Inc., signed a deal to acquire all of the cable systems operating under the MetroCast brand name from Harron Communications, L.P. for US$ 1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    ECB debt

    ECB Staff Pensions Award Mandates to SSgA and UBS

    The European Central Bank (ECB), on behalf of its pension funds, awarded two mandates in total to UBS Asset Management (UBS Asset Management (Deutschland) GmbH) and State Street Global Advisors (State Street Global Advisors GmbH). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    IMCO Commences Operations

    Six years in the making, the Investment Management Corporation of Ontario (IMCO), the new investment entity, has officially commenced operations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Cypress Creek Renewables Score $450 Million Facility, Temasek Money

    Santa Monica-based Cypress Creek Renewables, LLC scored a US$ 450 million credit facility from a group of institutional investor that includes Singapore’s Temasek Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Portion of CIC Funding Bonds to be Rolled Over

    China’s Ministry of Finance had issued roughly 1.55 trillion RMB of notes back in 2007 to help establish the China Investment Corporation (CIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    The RDIF Could be Getting Bigger

    With the Russian Direct Investment Fund (RDIF) closing more strategic deals with outside partners and other sovereign funds, the Russian government is looking to funnel more capital into it. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Kevin SigRist Resigns as CIO, Strategy Change in North Carolina

    Kevin SigRist has unexpectedly resigned from his role as Chief Investment Officer of the North Carolina state pension. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    1st Place Tie for Goldman Sachs and Bank of America for 1H 2017 PI Dealmakers

    Bank of America Merrill Lynch and Goldman Sachs tied for first place in the public institutional investor transaction database for the first half of 2017 for financial advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Both firms reached 10 deals each […]


    Simpson Thacher Takes First for 1H 2017 PI Legal Advisor

    Simpson Thacher & Bartlett LLP (Simpson Thacher) took first place in the public institutional investor transaction database for the first half of 2017 for legal advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Simpson Thacher was involved in numerous transactions with […]


    SWFI First Read, July 25, 2017

    USS Acquires Roughly 11% Stake in Kemble Water Holdings The Universities Superannuation Scheme (USS) has agreed to buy an approximate 10.94% stake in Kemble Water Holdings, the parent company of Thames Water, the largest regulated water utility in the U.K. USS will become the third largest shareholder in Kemble Water, joining investors such as Dutch […]


    OMERS Makes Money on Civica, Sells to Partners Group

    Partners Group beat out rivals to acquire U.K.-based software company Civica from OMERS Private Equity, a unit of OMERS, in a deal valuing the company at roughly £1.055 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Bill Gates Family Office Money to Transform Tampa Skyline

    Bill Gates’ family office, Cascade Investment, is helping reshape Tampa Bay’s skyline by adding more urban structures. The majority of Tampa Bay’s urban core development had occurred in the 1980s and 1990s. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Korea’s NPS Surpasses $530 Billion, Now Needs a Permanent CIO

    South Korea’s Ministry of Health and Welfare revealed that funds managed by the National Pension Service (NPS) touched 601 trillion KRW (US$ 533 billion) as of July 24, 2017. Part of the growth can be attributed to the recent returns of the fund investor. Despite the good news in growing assets, the system’s chief investment […]


    ZTO Express Faces Lawsuit Over Alleged Exaggeration of Profit Margins Before IPO

    Some people called it China’s FedEx, ZTO Express (Cayman) Inc had its initial public offering (IPO) in 2016, luring institutional investors such as pensions and some sovereign funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    blackstone

    Blackstone’s Strengthening Grip on Infrastructure and Permanent Capital

    It is no secret when limited partners think of top-tier private equity, most think of The Blackstone Group. Blackstone has been able to lure talent and massive amounts of capital to its platform. Blackstone’s market capitalization is well above its four biggest competitors such as KKR and The Carlyle Group. The alternatives behemoth is moving […]


    tibbles

    SWFI First Read, July 21, 2017

    GIC Puts Bluewater Shopping Centre Stake for Sale Singapore’s GIC Private Limited has put its stake in the Bluewater Shopping Centre on the market. GIC has a 17.5% ownership stake in the Kent property. GIC is asking for more than £400 million. GIC hired Knight Frank to manage the sales process. The main owner of […]


    Schlumberger to Acquire a Majority Interest in Eurasia Drilling Company

    Schlumberger Limited has agreed to acquire a majority 51% equity interest in Eurasia Drilling Company Limited, a Russian-based onshore and offshore drilling and well services contractor. The deal is subject to approval by the Federal Antimonopoly Service of Russia (FAS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


    QIA Plunks Down Another Beverly Hills Office Property

    The Qatar Investment Authority (QIA) continues on its quest to gobble up former Equity Office properties in Southern California. QIA and Douglas Emmett, Inc. acquired 9665 Wilshire Boulevard, a 171,000 square foot Class A office property for US$ 177 million. The property is located in Beverly Hills. [ Content protected for Sovereign Wealth Fund Institute […]


    2Q LMTI Transparency Index Released

    SWFI research has released the Second Quarter 2017 of the Linaburg-Maduell Transparency Index (LMTI). NOTES The Texas Permanent University Fund was added with an initial score of 9. The North Dakota Legacy Fund was added with an initial score of 8. The Russian Direct Investment Fund was added with an initial score of 7. Coverage […]


    Khazanah Nasional Sells Small Block of CIMB Group Shares

    Khazanah Nasional Berhad added some liquidity to its massive company portfolio, selling off shares in a block deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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