Friday SWFI News Roundup, October 2, 2015

IFSWF Releases Milan Communique

The International Forum of Sovereign Wealth Funds (IFSWF) released its Milan Communique. IFSWF continues to promote the Santiago Principles. IFSWF announced three new board members, Li Keping from China Investment Corporation, Deanna Ong from GIC and Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani from Qatar Investment Authority. Jin Liqun and Bader al Saad from Kuwait Investment Authority have stepped down.

Mubadala GE Capital Sells Mega Portfolio

Mubadala GE Capital, a joint venture between General Electric and Mubadala Development Co., has agreed to sell its US$ 3.6 billion corporate and property loan portfolio to Chicago-based MidCap Financial, a unit of Apollo Global Management. The loan portfolio relates to U.S. and European properties. MidCap Financial is expecting to acquire all of the assets of Mubadala GE Capital and its subsidiaries.

Angbang Insurance Beats Out Canadian Pensions for Toronto Office

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