Alternatives

Temasek Holdings Backs LiFi Technology Company

Singapore’s Temasek Holdings was the lead investor in a Series B round in PureLiFi, an Edinburgh-based startup that develops technology as an alternative to Wi-Fi. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


What Pokémon and Sovereign Funds Have in Common

Pokémon Go, a mobile game, has taken the world by storm. The popular mobile game is built on Unity Technologies’ game engine. Bellevue-based Unity Technologies which develops game engine software, tools that help people create video games faster, raised US$ 181 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


SWFI First Read, July 14, 2016

Rolls-Royce and Mubadala Ink Aerospace Plans Rolls-Royce and Abu Dhabi’s Mubadala Development Company are moving forwarding on building a new maintenance center. The maintenance center will target to service up to 150 engines a year in a new facility located at the Nibras Al Ain Aerospace Park. This is the second approved maintenance center that […]


SWFI First Read, July 11, 2016

Deutsche AM Nabs Prudential Real Estate Executive for APAC Deutsche Asset Management hired Victoria Sharpe as managing director and head of real estate, Asia Pacific. Based in Singapore, she will report to Pierre Cherki, Head of Alternatives at Deutsche Asset Management. Most recently, Sharpe was Head of the Global Client Capital Group at TH Real […]


Follow the Money – Episode 14

In this episode, I rekindle my interview with Don Steinbrugge, Managing Partner of Agecroft Partners LLC. I ask Don about his thoughts on Brexit and the long-term impact to asset owners and the hedge fund community. We also dive into where some hedge funds may enter or exit certain markets in Europe when it comes […]


sovereign wealth india

Sovereign Funds to Assist TPG in ICICI Home Finance Deal

Private equity giant TPG Capital has partnered with Singapore’s Temasek Holdings, GIC Private Limited and Harbourvest Partners in a bid to acquire ICICI Home Finance Co. Limited for around US$ 320 million. Increasingly, limited partners whether public or private asset owners are keen on participating in co-investment opportunities. [ Content protected for Sovereign Wealth Fund […]


GAMES: Tencent Attempts to Lure Asset Owners

On June 21, 2016, Shenzhen-based Tencent Holdings Limited, China’s largest online gaming and social networking company, signed a definitive agreement to acquire up to an 84.3% stake in Supercell Oy, the maker of mobile game “Clash of Clans” for US$ 8.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


private equity

PSP Investments Commits to Debt Financing for Apollo Buyout of Diamond Resorts

PSP Investments Credit USA LLC, a unit of PSP Investments, provided debt financing for affiliates of certain funds managed by affiliates of Apollo Global Management, LLC for the buyout of Las-Vegas based Diamond Resorts International, a vacations provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Startup Leather Manufacturer

Brooklyn-based Modern Meadow, a startup in the world of leather, raised US$ 40 million in a Series B round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Funds: Investing Directly and Creating Value

This article is sponsored by The Wharton School. Today, when sovereign wealth funds (SWFs) put assets into alternative investments, they are more likely to be direct, rather than passive, investors. One of Canada’s largest pension funds recently bought a significant minority stake in Allflex Group, the global leader in animal monitoring technology, joining Allflex’s leading […]


SWFI First Read, June 23, 2016

AIMCo Invests in Scotia Plaza Real estate investment trust Dream Office REIT and H&R REIT have agreed to sell a 50% ownership stake in the 68-storey tower Scotia Plaza to Alberta Investment Management Corporation (AIMCo) and KingSett Capital, a Canadian real estate private equity firm. KingSett is making the investment through its KingSett Canadian Real […]


Temasek SWE Issues $510 Million PE-Backed Bonds

Azalea Asset Management, a sovereign wealth enterprise of Temasek Holdings, issued US$ 510 million worth of bonds, a collateralized fund obligation, called Astrea III Pte Ltd. This was Singapore’s first listed private equity bonds. The bonds are backed by the cash flows of 34 private equity funds by 26 private equity managers. [ Content protected […]


Follow the Money – Episode 11

This is the second episode of Global Connections. Rachel and I banter on India’s attractiveness for large public institutional investors such as sovereign wealth funds and mega Canadian pensions. We also talk about fixed income markets – touching upon the German bund. We also discuss technology investing and talk about Didi’s latest investment round. Download […]


SWFI – Movers and Shakers – June 16, 2016

Warburg Pincus Hires Former Deutsche Bank CFO Stefan Krause, the former Chief Financial Officer of Deutsche Bank AG, is joining Warburg Pincus LLC as a senior adviser. Krause will assist the private equity firm find and evaluate investment opportunities in Europe. Krause joined Deutsche Bank in 2008 from Bayerische Motoren Werke AG. CBRE Global Investors […]


Taxi Apps Raise Billions, Next Didi Chuxing

 Didi Chuxing Technology Co., formerly known as Didi Kuaidi, boosted its capital reserves by raising more than US$ 600 million from China Life Insurance Co Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDC Capital Forges Partnership with KIC on Co-Investments

CDC Capital International, a unit of Caisse des Dépôts Group (CDC), and the Korea Investment Corporation (KIC) entered into a partnership on potential co-investment opportunities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Sovereign Wealth Funds Should Look at Currency Alpha

Steady globalization, government interventions and increased investment into rapidly developing economies are key factors influencing emerging market currencies. Sovereign funds and large Canadian pensions, such as the Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (OTPP), continue to invest capital into markets such as India, Brazil and China. Sizable portfolios of listed […]


Understanding Private Equity: The Asset Class You Can No Longer Ignore

This article is sponsored by The Wharton School. With market uncertainties growing, many investors and their advisors are taking a closer look at private equity. In fact, this asset class is now attracting a sizeable segment of the economy, and it has an ecosystem that includes not only private equity firms, but banks that cover […]


Temasek Invests in Series B Round for AccuraGen

Sovereign wealth funds continue tactically investing in the pharmaceutical sector. Menlo Park-based AccuraGen, a liquid biopsy technology startup, raised US$ 40 million in a Series B round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


French Public Investors Kick in More Capital Toward Novo Funds

French public funds are kicking in an additional €405 million for the Novo funds, Novo 1 and Novo 2, taking the total amount of capital in the funds to more than €1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]