Alternatives

SWFI First Read, May 28, 2016

AmpMe Raises $8 Million Montreal-based AmpMe, a startup that offers a sound system alternative to portable speakers by syncing sound with multiple devices such as phones and tablets, raised US$ 8 million in funding. The investment round was led by Relay Venture. Other investors were OMERS Ventures, Westlake Village, California-based Townsgate Media, Slaight Music, Real […]


Snapchat Grows Investor Base, SWFs Included

Snapchat Inc. has grown its investor base to include more venture funds and sovereign wealth funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Alaskan SWF May Commit Up to $3 Billion Toward Private Markets in FY 2017

The Alaska Permanent Fund Corporation (APFC) is keen on getting more deal flow in private markets. With a new chief investment officer named Russell Read (formerly from Kuwait GIC and CalPERS) and a mandate from the fund’s board of trustees, the fund plans to commit up to US$ 3 billion in private investments for the […]


SWFI – Movers and Shakers – May 26, 2016

Allianz Global Investors Promotes Zurkow to Head Alts Team Allianz Global Investors promoted Deborah Zurkow as head of alternatives. Zurkow will join the investment committee and report to Allianz Global Investors’ CEO Andreas Utermann. Previously, Zurkow was chief investment officer and head of infrastructure debt at the company. Claus Fintzen, a portfolio manager from the […]


FSDEA Reduced Debt Exposure, Boosted African PE in 2015

Angola’s sovereign wealth fund, also known as FSDEA, augmented its exposure to private equity investments in sub-Saharan Africa in 2015. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


30 Days in the Shoes of a Private Equity Sovereign Fund Exec

Sovereign wealth fund executives, especially at the larger funds, are heavily pitched ideas constantly, ranging from pharmaceutical startups, asset-backed security plays, real estate properties, hedge funds, private equity funds to infrastructure assets. SWFI research staff selected a mid-sized sovereign wealth fund for the analysis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Hedge Fund Bridgewater Plants Flag in China

Increasingly, global asset managers are seeking paths to enter China’s investor market, hoping to pursue billions of dollars in business. Traditionally, U.K. and U.S. banks and investment managers have conducted investment management business in China through joint ventures with domestic partners. Pension reforms are on the way, while Chinese life insurers seek to allocate large […]


SWFI First Read, May 12, 2016

SSgA Merges Units, Forms Global Alternative Investment Strategies Group State Street Global Advisors (SSgA) merged four of its alternative divisions to form a global alternative investment strategies group in which William Marr will lead. William Marr was senior managing director and former head of liquid alternative investments. Marr’s new job title is global head of […]


NZ Super Sold Five Offshore PERE Interests

The New Zealand Superannuation Fund had agreed to sell interests in five offshore private equity real estate funds to investment funds advised by affiliates of Partners Group AG. None of the funds sold included New Zealand assets.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC to Invest Alongside Hellman & Friedman in MultiPlan

MultiPlan, Inc., a provider of healthcare cost management solutions, announced that affiliates of Hellman & Friedman, Leonard Green & Partners, and Singapore’s GIC Private Limited have entered into a definitive agreement to acquire control of the company from Starr Investment Holdings, LLC and Partners Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


Argyle Street Management Buys Pool of Investments from Temasek Unit

A unit of Temasek Holdings sold a pool of investments to an entity that is majority-owned by Hong Kong-based Argyle Street Management being funded by cash and shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 30, 2016

PROMOTION: Cambridge Associates Names New CEO Cambridge Associates promoted its president and head of global investments David Druley to chairman and CEO. This will be effective July 1, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Princeton Pays High Fees, Managers Deliver

Princeton has the third largest endowment in the United States, just edging out Stanford University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

State Street Wins GPIF Custodial Alt Mandate

Japan’s Government Pension Fund Global (GPIF) awarded a mandate to State Street Trust and Banking Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


New Zealand Superannuation Fund Sells Some Private Equity Funds

The New Zealand Superannuation Fund (NZSF) confirmed the sales of a number of offshore private equity funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – April 18, 2016

BlackRock Global Head of Beta Strategies Set to Retire Long-time BlackRock veteran Amy Schioldager plans to retire in the first quarter of 2017. She is senior managing director and global head of beta strategies at the firm. After retirement, Schioldager plans to serve as a senior adviser at BlackRock. Back in 1996, she was part […]


Chinese SWF Backs Alipay Company

Ant Financial Services Group, a financial services affiliate of Alibaba Group Holding Ltd., raised a fresh round of capital from new and existing investors. Ant Financial is the operator of Chinese online payments platform Alipay. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


blackstone

Christopher Heady Named Blackstone’s Chairman for APAC

Blackstone Group LP, the world’s largest alternative asset firm, appointed Christopher Heady as chairman of its Asia-Pacific businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Activist ValueAct Gets Sued by DOJ

The U.S. Department of Justice (DOJ) filed a civil suit against hedge fund ValueAct Capital in the U.S. District Court for the Northern District of California. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Increases Position on Ancestry Website and DNA Company

Subscription businesses are in. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]