Friday SWFI News Roundup, January 23, 2015
Korea’s NPS Selects Singapore for Third Overseas Office
Korea’s National Pension Service (NPS) is opening its third overseas office. The NPS has overseas offices in New York and London. The third office overseas will be in Singapore and commence operations in 2015.
Punj Lloyd Sells Global Health Stake to Temasek Holdings
Indian engineering company Punj Lloyd has sold its entire 17.74% stake in New Delhi-based Global Health Pvt. Ltd for around Rs 700 crore (US$ 113.54 million) to Dunearn Investments (Mauritius) Pte Limited, a sovereign wealth enterprise of Singapore’s Temasek Holdings. Global Health Pvt. Ltd owns and manages Medanta hospital in Gurgaon.
Big Raise for Bitcoin-Related Company
Coinbase, a bitcoin startup, has raised US$ 75 million in Series C funding. The lead investor was DFJ Growth. Other investors include: USAA, NTT Docomo (Japan), Valar Capital, BBVA, The New York Stock Exchange, Vikram Pandit (former CEO of Citigroup), Tom Glocer (former CEO of Thomson Reuters) and Carlos Rodriguez Pastor. Returning investors in the round are Reddit Capital, Union Square Ventures and Andreesen Horowitz.
Ameriprise Financial Rebrands, Combines Columbia Management and Threadneedle Investments
Columbia Management, a subsidiary of Ameriprise Financial, Inc., is rebranding its business as Columbia Threadneedle Investments in the first half of 2015. Threadneedle Investments has a strong presence in the United Kingdom, being one of the largest retail asset managers in the country. Both Columbia and Threadneedle are owned by Ameriprise Financial. Combined, the new group will have about US$ 505 billion in assets under management.
Landmark Partners Raises US$ 3.25 Billion for Landmark Equity Partners XV
Landmark Partners closed Landmark Equity Partners XV with US$ 3.25 billion, US$ 1.8 billion has already been invested. The last fund, Landmark Equity Partners XIV, closed at US$ 2 billion in 2010. The secondaries fund is targeting private equity fund interests and stakes in private companies. Some pension investors are St. Louis Public School Retirement System, Louisiana Firefighters’ Retirement System, Kentucky Teachers’ Retirement System and Connecticut Retirement Plans & Trust Funds. Kirkland & Ellis advised Landmark Partners on the latest fundraise.
Temasek Led Series D Round in Pluribus Networks
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