Alternatives

ANTI-DESPACITO: SoftBank Vision Fund Backing AI and Farming Startup Plenty

The SoftBank Vision Fund continues to back just about every major startup in the AI space. The fund recently backed San Diego-based Brain Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SoftBank Vision Fund Leads Series C in Brain Corporation

San Diego-based Brain Corporation, a artificial intelligence (AI) startup focused on self-driving technologies, raised US$ 114 million in a Series C round. The Series C round was led by the SoftBank Vision Fund. Other investors in the round include Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures was Brain’s first institutional investor. The […]


OTPP Acquires Memora from 3i Group

The Ontario Teachers’ Pension Plan (OTPP) is building a platform of European funeral businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS CIO Dreams of Going Direct

The California Public Employees’ Retirement System (CalPERS), surpassing US$ 300 billion in assets, is contemplating going direct. Essentially, CalPERS is seeing its peers such as Canadian pensions and sovereign funds saving money and directly investing into companies without the fingerprints of private equity handlers. CalPERS CIO Theodore Eliopoulos at a board retreat in Monterey, California, […]


SWFI First Read, July 18, 2017

Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group […]


NSSF

Desktop Metal Raises Series D, Sovereign Funds Participate

Google-backed startup, Desktop Metal, Inc., has just raised US$ 115 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 14, 2017

ADNOC Explores Opening up Service Stations Unit The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. ADNOC considering all options for the service stations unit, including not having an IPO. ADNOC’s service station distribution includes an excess of 300 […]


SWFI First Read, July 7, 2017

Blackstone Snags Firm Stake in Leonard Green & Partners The Blackstone Group LP, through one of its funds called Blackstone Strategic Capital Holdings, acquired a less than 15% minority stake in private equity firm Leonard Green & Partners. Blackstone was impressed with Leonard Green’s vast experience in the U.S. consumer market. Blackstone Strategic Capital Holdings […]


tibbles

OMERS PE Buys Stake in National Veterinary Associates

OMERS Private Equity, the private equity arm of OMERS, has bought a minority stake in National Veterinary Associates (NVA Holdings, Inc.), the largest independent owner-operator of veterinary hospitals and pet boarding and daycare centers in the United States, Canada, Australia, and New Zealand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


AXA, Mesirow and UBS Make Korea Post Shortlist on Hedge Fund Mandate

Korea Post, through its insurance bureau, has made a short list on managers in the global bidding for its hedge fund investment mandate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Russia-China Investment Fund Invests in Online Steel Trading Platform Zhaogang

The Russia-China Investment Fund, a joint investment fund overseen by the Russian Direct Investment Fund (RDIF) and China Investment Corporation, is investing in China’s largest online steel trading platform Zhaogang. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Looks to Own a Stake in Mergermarket Group

Singapore’s GIC Private Limited is looking to make a play into the world of subscription-based financial data. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Visma

A group of investors including Singapore’s GIC Private Limited have acquired KKR’s stake in Visma, a Norwegian software company, for £1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 26, 2017

NBIM Advocated Excluding Non-Voting Share Companies from Major Indices [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

SWFI First Read, June 21, 2017

Former Shutterfly CEO Joins Vision Fund Jeffrey T. Housenbold, the former CEO of Shutterfly, Inc., has joined SoftBank Group as a senior investing member of the massive Vision Fund. Bidders Lineup for Senior Housing Business of LendLease China-based Cindat Capital Management, The Blackstone Group and GIC Private Limited are among a group of suitors for […]


Can Uber Survive as Co-Founder Kalanick is Driven Out?

San Francisco-based Uber Technologies has revolutionized the ride-hailing app industry, spawning copycats in markets such as Singapore, China, and the Middle East. In addition, Uber attracted capital from all sorts of entities, including sovereign funds. Uber had propelled itself to a US$ 70 billion unicorn, attracting Saudi money and operating in more than 70 country […]


AIMCo, MSD Partners and CCMP Capital to Buy Swimming Pool Equipment Company

CCMP Capital Advisors, LP and MSD Partners, L.P. and including Alberta Investment Management Corporation (AIMCo) had entered into a definitive agreement to Elizabeth, New Jersey-based Hayward Industries, Inc., a residential and commercial swimming pool equipment company that was founded in 1925. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Apollo Global and Ontario Teachers Acquire Majority Stake in CareerBuilder

McLean, Virginia-based TEGNA Inc., Chicago-based Tribune Media and McClatchy are selling ownership positions in CareerBuilder LLC, a job website, to an investor group led by Apollo Global Management and Ontario Teachers’ Pension Plan (OTPP). TEGNA was the majority owner of CareerBuilder, selling its stake for US$ 250 million, taking its stake from 53% down to […]


India deals

GIC and Blackstone Get Away with Rare Indian Dividend Recap

The Blackstone Group and Singapore’s GIC Private Limited did a dividend recapitalization with Bangalore-based Mphasis Limited, an Indian outsourcing company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund Invests in Video Analytics Firm Conviva

Foster City, California-based Conviva raised US$ 40 million in a recent round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]