Archive | July, 2017

SWFI – Movers and Shakers – July 31, 2017

Allianz Global Investors Hires Jason Green for SE Asia Institutional Side Allianz Global Investors hired Jason Green as head of institutional business for Southeast Asia. This is a new position and he will be based in Singapore. Green was Executive Director, Client Adviser of Asia Sovereign and Institutional Group at J.P. Morgan Asset Management. Koh […]


tibbles

SWFI First Read, July 30, 2017

Former CIC Executive to Joins Neuberger Berman Bin Yu is bringing his team from CloudRidge Capital, a firm that he formed in 2014, to Neuberger Berman. Bin Yu was named a Portfolio Manager at Neuberger Berman. Bin Yu was formerly at the China Investment Corporation (CIC), running a US$ 10 billion plus global equity portfolio. […]


India deals

ADIA Gets Behind Indian Private Security Company

In the past two years, the Abu Dhabi Investment Authority (ADIA) has been backing a wide range of Indian private companies going public. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 29, 2017

Sam Loughlin Out at Lone Star Funds Sam Loughlin, President of North America of Lone Star Funds has stepped down. Loughlin is being replaced by Nick Beevers. Nick Beevers joined Lone Star Funds in 2011. In the United States, Lone Star Funds is active in the non-performing mortgage space. Lone Star Funds, through its affiliated […]


Obama’s myRA Program Ends

The U.S. Treasury closed the myRA program, a retirement savings plan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA-Backed 330 Madison Office Moves to Refinance

330 Madison Avenue is a 39-storey office property, totaling 849,372 square feet, in Midtown Manhattan this is owned by 330 Madison Avenue Property Owners LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Sells Central Paris Property to Norway’s SWF

On July 28, 2017, Norges Bank Real Estate Management, a real estate unit of Norges Bank Investment Management (NBIM), acquired a 100% ownership interest in 6-8 boulevard Haussmann property, located in central Paris, for €462.2 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Chinese Banks Help Underwrite CIC Acquisition of Logicor

In June, the China Investment Corporation’s (CIC) moved to acquire European warehouse firm Logicor from The Blackstone Group €12.25 billion, essentially the biggest private equity real estate deal in Europe. To pay for the deal, the CIC is arranging a €6.8 billion loan to fund the buyout. China Construction Bank and Bank of China jointly […]


SWFI First Read, July 28, 2017

BREXIT WHAT? Walkie Talkie Building Sold to Hong Kong LKK Health Products Group Infinitus Property Investment, a subsidiary of Hong Kong-based LKK Health Products Group, has acquired the 37-storey Walkie Talkie building in London for approximately £1.3 billion. The property is located at 20 Fenchurch Street. The sellers were Canary Wharf Group and Land Securities. […]


IMCO Co-Invests in Corsair, Betting on PC Gaming

Fremont, California-based Corsair Components, Inc. (Corsair), a manufacturer of personal computing (PC) components, gaming peripherals and memory, was sold off to an investor group. San Francisco-based Francisco Partners sold a majority ownership interest in Corsair to EagleTree Capital (through EagleTree Partners IV fund), formerly known as Wasserstein Partners. [ Content protected for Sovereign Wealth Fund […]


Will Nuveen Be Successful in APAC Distribution Strategy?

It’s never too late to join the Asian asset management distribution party. A number of large U.S. asset managers are banking heavily in the Asia Pacific region, hoping to catch a growing pool of both retirement and sovereign wealth assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


CDPQ Helps Finance Restart of Bloom Lake Iron Ore Mine

Champion Iron Limited, a listed company, revealed on July 13, 2017, that it secured US$ 180 million in debt financing conditional commitments for its subsidiary Québec Iron Ore Inc. from Caisse de dépôt et placement du Québec (CDPQ) and Sprott Resource Lending. This financing is part of the restart of Bloom Lake Iron Ore Mine’s […]


CPPIB Expands IP Investments, Buys Partial Rights in Venetoclax

The Canada Pension Plan Investment Board (CPPIB) is expanding its global intellectual property investment program, eyeing royalty rights. The pension giant is attracted to the long-term cash flows, while growing exposure to uncorrelated assets to that of the broader capital markets. Since 2011, CPPIB invests in rights for royalties, patents, trademarks and copyrights, primarily in […]


Telecon Gets a Boost of Capital

On July 13, 2017, Montreal-based Telecon Inc., a telecommunication network services provider, revealed that it raised $70 million in equity financing. The financing was led by Canadian private equity firm Clearspring Capital Partners, which is getting a 35% stake in Telecon. Caisse de dépôt et placement du Québec (CDPQ) is maintain a 30% ownership stake […]


Temasek Holdings Co-Leads Investment Round in VR Company Within

Emerson Collective LLC, an entity owned by Laurene Powell Jobs (widow of Steve Jobs, co-founder and former chief executive officer of Apple Inc) and Temasek Holdings led a US$ 40 million round in Los Angeles-based Within, Inc., a virtual-reality (VR) company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


CDPQ Helps Back Cogec Communications MetroCast Deal

On July 10, 2017, Atlantic Broadband, a subsidiary of Cogeco Communications Inc., signed a deal to acquire all of the cable systems operating under the MetroCast brand name from Harron Communications, L.P. for US$ 1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ECB debt

ECB Staff Pensions Award Mandates to SSgA and UBS

The European Central Bank (ECB), on behalf of its pension funds, awarded two mandates in total to UBS Asset Management (UBS Asset Management (Deutschland) GmbH) and State Street Global Advisors (State Street Global Advisors GmbH). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


IMCO Commences Operations

Six years in the making, the Investment Management Corporation of Ontario (IMCO), the new investment entity, has officially commenced operations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Cypress Creek Renewables Score $450 Million Facility, Temasek Money

Santa Monica-based Cypress Creek Renewables, LLC scored a US$ 450 million credit facility from a group of institutional investor that includes Singapore’s Temasek Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Portion of CIC Funding Bonds to be Rolled Over

China’s Ministry of Finance had issued roughly 1.55 trillion RMB of notes back in 2007 to help establish the China Investment Corporation (CIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]