Alternatives
private equity

Temasek Holdings Participates in Notable Blockchain Investment

At the Consensus 2017 Conference in New York, Chairman and CEO of Fidelity Investments Abby Johnson made a strong case for the adoption of blockchain technology. Forces on both the buyside and sellside are taking a liking to blockchain initiatives. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


ISIF Finalizes Commitment in Reverence Capital Partners Opportunities Fund

The Ireland Strategic Investment Fund (ISIF) finalized a €50 million investment in Reverence Capital Partners Opportunities Fund I L.P., a fund focused on investing in global, middle-market, financial services companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


Brisbane

Quadrant Private Equity to Sell Icon Cancer Care to Investor Group

Sydney, Australia-based Quadrant Private Equity Pty Limited sold its ownership in Icon Cancer Care Group, an Australian healthcare organization focused on cancer treatment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


How Far Along is SoftBank’s Vision Fund After Reaching its First Close?

On the heels of U.S. President Donald J. Trump in Saudi Arabia, Japan-based SoftBank Group announced its first major close regarding the gargantuan SoftBank Vision Fund. Japanese billionaire Masayoshi Son, Chairman of SoftBank, was also in Riyadh at the time. After Trump’s victory over Hillary Clinton in the U.S. Presidential election, Son met with Trump, […]


Sovereign Wealth Funds Go Gaga for Venture and Tech Investments

Sovereign wealth funds are betting big on innovation and technology shifts in areas such as cloud computing, consumer mobile, driverless cars and augmented reality to help drive return growth. A cadre of high-profile wealth funds have set up shop in the San Francisco Bay Area including Temasek Holdings, Khazanah Nasional and GIC. The Qatar Investment […]


China Aerospace Science and Technology Corp Leads Fundraise for SOE Innovation Fund

Beijing-based China Aerospace Science and Technology Corporation is a state-owned enterprise (SOE) that is the main contractor for China’s space program. China Aerospace Science and Technology is backing a fund with other SOEs and state-backed banks to form the named State-Owned Enterprises China Innovation Fund, targeting 150 billion RMB (US$ 21.76 billion) in a fund […]


Hamilton Lane Eyes Europe to Grow Business

Bala Cynwyd, Pennsylvania-based Hamilton Lane recently had its initial public offering (IPO) earlier in 2017. Armed with more cash, the private equity / alternatives firm is betting on Europe to grow sales. Pension funds in Europe are increasingly allocating to low-cost beta products, while awarding mandates to private equity funds. In 2016, Hamilton Lane had […]


SWFI First Read, May 15, 2017

Mubadala Reiterates Position on SoftBank Vision Fund Mubadala reiterated its position on possibly investing US$ 15 billion into SoftBank’s Vision Fund. The investment would be made over a five-year term. Korea’s NPS Anchors Healthcare Private Equity Fund South Korea’s National Pension Service (NPS) is a major backer of a roughly US$ 147 million healthcare private […]


london

PSP Investments Gets New Digs in London

PSP Investments moved into a newly-built London office to use as a springboard for new European investment opportunities. The Europe team, some 28 professionals, at PSP Investments will focus primarily in private debt, real estate, infrastructure and private equity investments. The location of the office is at a newly-constructed building in Victoria at 10 Bressenden […]


OIF and Qatar Science and Tech Park Back 500 Startups MENA Fund

The Oman Investment Fund (OIF) is keen on investing in innovative startups. 500 Startups is an investment company and business accelerator that is founded by Dave McClure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OMERS Ventures Closes its Third Fund

OMERS Ventures, the venture unit, has closed its third fund at C$ 300 million. OMERS Ventures raises third-party capital, thus investors in fund III include OMERS, CIBC, National Bank of Canada, BMO Financial Group, TD Securities and The Wafra Group (part of Kuwait’s PIFSS).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


CDC Sells Interest in Qualium Investissement

Caisse des dépôts (CDC) is selling 70% of its ownership interest in Qualium Investissement to the company’s management. Overseeing more than €600 million, Qualium Investissement is a specialist firm in small-to-medium enterprises. CDC also plans to contribute €100 million for the launch of a new fund called Qualium Fund II managed by Qualium Investissement. At […]


SWFI First Read, May 8, 2017

Harvard Management Company Seeks to Sell Major Private Market Interests, Over US$ 2.5 Billion Harvard Management Company (HMC) is seeking to sell an excess of US$ 2.5 billion worth of fund interests in private equity, real estate and venture capital. US$1 billion is in private equity and venture capital interests with the rest in real […]


SWFI First Read, May 5, 2017

Ping An Forms Fin-tech Health-tech Billion Dollar Fund Ping An Insurance (Group) Company of China, Ltd. is the biggest insurance company in China by market value. Ping An has been moving investments from its portfolio from domestic to overseas – as of December 2016 having roughly 5% of insurance assets ex-China. Ping An formed a […]


Temasek Bets on Calysta, Methane as its Feedstock

Menlo Park, California-based Calysta, Inc. raised US$ 40 million in a Series D round. The investment round was led by Tokyo-based Mitsui & Co. Ltd. Another major institutional investor in the round was Temasek Holdings. Current investors such as Cargill, the Municipal Employee Retirement System (MERS) of Michigan, Walden Riverwood Ventures, Aqua-Spark and Pangaea Ventures, […]


Temasek and Yunfeng Capital Lead Series B Round in WuXi NextCODE

Institutional capital is investing more of its resources into genome sequencing data companies, betting on the advent of precision medicine. WuXi NextCODE, a contract genomics organization, raised US$ 75 million in a Series B round. The financing round was led by Singapore’s Temasek Holdings and Yunfeng Capital, a fund backed by Alibaba founder Jack Ma. […]


American Industrial Partners and Dutil Family to Take Canam Group Private

Private equity firm American Industrial Partners and the Dutil family signed a deal to take Canam Group Inc. private in a buyout deal at a price of C$ 12.30 per share in cash. The purchase of 100% of the equity of Canam represents a total enterprise value of approximately C$ 875 million, including the assumption […]


Ontario Pension Board and Sumeru Equity Partners Invest in Snow Software

The Ontario Pension Board (OPB) and Foster City, California-based Sumeru Equity Partners have invested US$ 120 million in Stockholm-based Snow Software, a software asset management and cloud spend management provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA and GIC Invest in Pharmaceutical Product Development

Pharmaceutical Product Development, LLC (PPD) has been recapitalized by permitting the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC Private Limited acquire minority ownership interests. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]