Alternatives

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 […]


london

bcIMC Acquires Institutional Shareholding of Hayfin Capital Management

British Columbia Investment Management Corporation (bcIMC) agreed to buy the majority shareholding in London-based Hayfin Capital Management LLP from the existing consortium of institutional shareholders. These shareholders are TowerBrook Capital Partners, PSP Investments, Ontario Municipal Employees Retirement System (OMERS) and Australia’s Future Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


SWFI First Read, January 31, 2017

Kuwait FinMin Expects $25.85 Billion Budget Deficit for New Fiscal Year Kuwait Finance Minister Anas al-Saleh announced the budget deficit for the new fiscal year, beginning April 1, 2017, to be 7.9 billion KWD (US$ 25.85 billion). The minister’s forecast was built on an assumption of a US$ 45 oil barrel price and after a […]


SWFI First Read, January 30, 2017

Kung hei fat choi! (January 28, 2017) The Year of the Rooster has arrived. Kimberley Stafford to Lead PIMCO’s APAC Business Newport Beach-based Pacific Investment Management Company (PIMCO) named Kimberley Stafford as the new head of Asia-Pacific. She plans to relocate to Hong Kong by the middle of 2017. Stafford was Managing Director and Global […]


USS Acquires $3.1 Billion Direct Lending Portfolio from Credit Suisse

The growth of non-bank lending in Europe represents a structural shift in capital markets. Asset managers and owners are filling the funding gap where banks are restricted in lending. European institutional investors continue to grow their private credit strategies, looking for pioneering ways to access return premia. [ Content protected for Sovereign Wealth Fund Institute […]


ISIF Invests in InsideSales.com

The Ireland Strategic Investment Fund (ISIF) joined a chorus of investors in Provo, Utah-based InsideSales.com. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 18, 2017

GIC Participates in Investment in Pool Supply Company Leslie’s Holdings [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 16, 2017

ACCESS: GF International and Euroclear Sperahead China ETF In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is […]


ArcLight Capital Sells Firm Stakes to Wafra and Goldman Sachs AM

Boston-based ArcLight Capital Partners LLC, a private equity firm engaged in the energy industry, sold a minority stake in the firm to a number of investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB to Acquire a 48% Stake in GlobalLogic

The Canada Pension Plan Investment Board (CPPIB) is acquiring a 48% ownership stake in San Jose, California-based GlobalLogic Inc., an offshore software research & development services provider, from funds advised by Apax Partners LLP, a private equity firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 11, 2017

Image Credit: CSPAN U.S. President Barack Obama gives his farewell speech in Chicago at McCormick Place. Vontobel Asset Management Hires Suzanna Wong for Int. Sales for Asia Vontobel Asset Management hired Suzanna Wong as head of intermediary sales for Asia. Wong was Regional Head for Asia-Pacifc at Banque SYZ, a Swiss private bank, since 2014. […]