Alternatives

ISIF Commits to Reverence Capital Partners Opportunities Fund

On March 21, 2017, the Ireland Strategic Investment Fund (ISIF) announced 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. ]


CDPQ and KKR to Acquire USI Insurance Services

Caisse de dépôt et placement du Québec (CDPQ) and private equity firm KKR & Co., along with USI employees, are jointly buying Valhalla, N.Y.-based USI Insurance Services LLC from Onex Corporation for an enterprise value of around US$ 4.3 billion. Excluding debt, the deal comes to roughly US$ 2 billion. CDPQ and KKR will have […]


private equity

Sovereign Wealth Capital Invests in Moximed

Hayward, California-based Moximed, Inc., a developer of unicompartmental load absorber implants for active patients with painful knee osteoarthritis (OA), raised a US$ 50 million Series C round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Backs Self-Driving Electric Car Manufacturer in China

Tesla Motors and other electric car manufacturers have garnered the attention of sovereign wealth capital. Shanghai-based electric car maker NIO, formerly known as NextEV, raised 600 million RMB (US$ 86 million) in a funding rounding led by Shenzhen-based Tencent Holdings Ltd. and Baidu Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Vista Equity Plans to Combine Misys and DH Corporation

Private equity firm Vista Equity Partners LLC, founded by Robert Smith, inked a deal to acquire Toronto-based DH Corporation for roughly C$ 4.8 billion in enterprise value beating out rival Advent International. The purchase amount excluding debt is about C$ 2.72 billion. Vista Equity is combining DH Corporation with Misys Ltd., creating a diversified financial […]


SWFI First Read, March 14, 2017

PremjiInvest Participates in Series B in iD Fresh Food Bengaluru-based iD Fresh Food (India) Pvt. Ltd., which was formed in 2006, raised US$ 25 million in a Series B round from PremjiInvest, a family office. iD Fresh Food is a maker of ready-to-cook dosa and idli batter. J.P. Morgan Asset Management Wants in on Smart […]


Sources: CIC Invests in Airbnb

Sky News reported the China Investment Corporation (CIC) had subscribed to Airbnb’s Series F round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI Institutional Investor Forum 2017 – Scottsdale Slider 7

Sustainable farming practices are a necessity in a world with a growing population. Brian Uken, Principal, Farm Management at International Farming Corporation (IFC) lays out the landscape. < PREVIOUS 8 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


SWFI First Read, March 3, 2017

Norway SWF Contemplates Risk Factors Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, is rethinking its asset allocation strategy when it comes to listed equities. NBIM has a new two-year strategy plan that plans to include risk factors into the portfolio. PIF Could Invest in German Financial and Technology Companies Saudi […]


Realignment at Bridgewater, Dalio Steps Down from co-CEO Role

The world’s biggest hedge fund, Bridgewater Associates, L.P., is experiencing a shakeup in management. The hedge fund professes radical transparency and operates on a partnership model versus a single-executive model. Bridgewater utilizes co-CEOs and co-CIOs to reduce key man risk, while broadening responsibilities. First, Jon Rubinstein, a former Apple executive and one of the creators […]


SWFI First Read, February 26, 2017

Chinese Government Capital Backs Haoqiao.cn Haoqiao.cn is a Chinese hotel search and booking engine that was founded in 2013. Haoqiao has raised 120 million RMB (US$ 17 million) in a fresh Series B round from China Merchants Capital Investment Co. and China National SME Development Fund. This is the China National SME Development Fund’s second […]


Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – February 16, 2017

Gramercy Funds Management Hires Former Co-Head of Emerging Markets Structured Credit Trading at Deutsche Bank Bradshaw McKee was hired as Managing Director, Capital Solutions and Distressed Portfolio Manager in Emerging Markets at Connecticut-based Gramercy Funds Management. This is a new position and McKee will report to Robert Koenigsberger, Managing Partner and Chief Investment Officer at […]


Could SoftBank Challenge the Dominance of Blackstone?

Japan’s SoftBank Group Corporation has agreed to buy New York-based Fortress Investment Group LLC for approximately US$ 3.3 billion in cash in a bid to further cement the firm’s ascension into the lucrative world of money management. Fees are the revenue drivers for investment managers. The deal worked out that SoftBank would pay US$ 8.08 […]


ISIF and Enterprise Ireland Are Backing Frontline Ventures’ Second Fund

Ireland is keen on luring software companies to its shores. Frontline Ventures, an early-stage venture capital firm with offices in Dublin and London, closed its second fund at €60 million. Frontline Ventures is led by partners Shay Garvey, Will Prendergast, William McQuillan, and Stephen McIntyre. The venture capital firm targets business-to-business software companies in their […]


SWFI First Read, February 7, 2017

CITIC Capital Partners Raises Third Japanese Buyout Fund CITIC Capital Partners Limited, the private equity arm of CITIC Capital Holdings Limited, closed its third Japan buyout fund called CITIC Capital Japan Partners III. The fund had a hard cap of 30 billion JPY, attracting both Japanese and non-Japanese investors. The investor base included a sovereign […]


MORE CONSOLIDATION: PAAMCO and KKR Prisma Agree to Merge

Irvine, California-based Pacific Alternative Asset Management Co. (PAAMCO) and KKR Prisma have agreed to merge to form a new hedge fund-of-funds firm called PAAMCO Prisma Holdings. The combined entity will operate independently from KKR & Co. which will hold a 39.9% stake in it. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


blackstone

Asset Owners Help Blackstone Participate in the Obamacare Trade

Asian pensions see a growing and expanding U.S. healthcare market due to a graying North American population and regulatory shifts. Increased regulation in U.S. healthcare has forced industry players to consolidate giving rise to monopolistic health care companies – a true gift enabling return opportunities for cash-rich private equity firms. South Korea’s National Pension Service […]


Wealth Fund Capital Backs Hou An Innovation Fund

Asian asset owners are backing innovation investments within China. The China Investment Corporation (CIC), Silk Road Fund, Singapore’s Temasek Holdings and Shenzhen government-owned conglomerate Shum Yip Group Ltd. have formed a technology investment fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 1, 2017

The Next Soros CIO is Dawn Fitzpatrick Dawn Fitzpatrick, an executive at UBS Group AG, is leaving the bank at the end of March to take on a high-level role at Soros Fund Management, which oversees the vast wealth of hedge fund titan George Soros. Fitzpatrick will serve as the Chief Investment Officer at Soros […]