Friday SWFI News Roundup, January 29, 2016

USS Sells 13 Private Equity Interests to Ardian

Flush with sovereign wealth and pension money, Ardian acquired 13 private equity partnership interests representing £640 million in assets and unfunded commitments from USS Investment Management, a unit of Universities Superannuation Scheme (USS). The deal occurred on December 31, 2015. USS was advised by Evercore on the secondary sale.

Bank of Japan Adopts Negative Interest Rate Policy

The Bank of Japan (BOJ) caught financial markets off guard as the central bank adopted negative interest rates for the first time in its history. Effective February 16, 2016, the central bank stated they would apply a -0.1% rate to excess reserves that financial institutions place at the bank. The Bank of Japan will continue its government bond buying program. Almost 33% of Japan’s gigantic bond market is being held by the Bank of Japan.

OTPP Looks to Sell Interest in Dematic Corporation

Teachers Private Capital, a unit of OTPP, and AEA Investors are looking to sell or have an initial public offering for Atlanta-based Dematic Corporation, a logistics company. The company could be valued at US$ 2 billion.

Japan’s GPIF to Give More Weight Toward Passive Managers Who Engage Companies

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