Friday SWFI News Roundup, October 23, 2015

Want to Lead a Massive SWF’s Real Estate Unit?

Norges Bank Investment Management (NBIM) is advertising a newly-created role of chief executive officer for Norges Bank Real Estate Management. The person will report to NBIM’s CEO.

OMERS Ventures Invests in Kaleo Software

OMERS Ventures, the venture capital arm of OMERS, invested in El-Segundo-based Kaleo Software, an enterprise cloud platform for capturing and sharing employee expertise. OMERS Ventures led the US$ 7 million venture capital round. Saturn Partners also participated in the round. Prior investors such as Karlin Ventures, Qualcomm Ventures, Double M Partners and Greycroft Partners, participated in the funding round as well. Founded in 2012 by Hui-Bon-Hoa, Kaleo Software’s clients include Dell, Randstand, Lennar, Toyota Financial Services, Bacardi and Viacom.

Imperial County Employees’ Retirement System Terminates Active Managers, Not Paying for Itself

Imperial County Employees’ Retirement System, a retirement system near the U.S.-Mexico border in El Centro, California, appointed BlackRock to manage a US$ 60 million passive, all-cap domestic equities portfolio. The pension’s investment consultant is Seattle-based Verus.

The pension terminated:

Manager Amount in Millions USD Mandate
T. Rowe Price Group 28 Active Domestic Small-Cap Value Equity
TimesSquare Capital Management 32 Active Domestic Midcap Growth Equity
Franklin Templeton Investments 62 Active International Equity


Legg Mason Finalizes RARE Infrastructure Acquisition

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