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A Peak into Saudi Prince Alwaleed bin Talal’s Empire

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NOVEMBER 6, 2017 – UPDATE: Kingdom Holding Company said in a statement Monday that it has the government’s “vote of confidence” as it pursues its investment strategy and global business operations. Kingdom Holding Company CEO Talal al-Maiman added, “We are pleased to play a role in the continuing growth of Saudi Arabia and to strengthen the economy for the benefit of all.”

The Government of Saudi Arabia detained 11 Saudi princes, 4 current ministers and tens of former ministers in a probe, according to Saudi-owned Al Arabiya television. The new anti-corruption body is headed by Saudi Crown Prince Mohammed bin Salman (MbS). Notably detained is Saudi Prince Alwaleed bin Talal, a billionaire businessman who runs Kingdom Holding Company (KHC).

“The homeland will not exist unless corruption is uprooted and the corrupt are held accountable,” the Saudi royal decree stated.

Saudi Prince Alwaleed bin Talal is one of the world’s richest men, owning shares in companies such as Apple, Twitter, Four Seasons, Lyft, Twentieth Century Fox, Euro Disney, Jeddah Economic, Citigroup and more. KHC is also an institutional investor in many fund vehicles in markets across the globe. Saudi Prince Alwaleed bin Talal is a descendant from Saudi King Abdulaziz al-Saud, the founder of Saudi Arabia.

To view, please go to www.swfi.com. – Go to Transactions, Filter, select Kingdom Holding Company as buyer entity.

SWFI has tracked and aggregated the billions upon billions of direct transactions made by KHC over the past decades.

JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BlackRock and Microsoft Eye Opportunities in Retirement Space

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By getting closer to the consumer via mobile apps, New York-based BlackRock Inc. is keen on gaining market share in the U.S. retail retirement market space. BlackRock had acquired FutureAdvisor, a technology platform, while making a large investment in Envestnet. BlackRock is now partnering with Microsoft Corporation to explore creating a retirement platform.

This partnership could be developing a new platform to analyze savings and investing habits – then offering app services as lead-generation services. According to a corporate news release, BlackRock plans to offer on the platform its “investment products that it will design and manage.”

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Ireland Strategic Investment Fund Involved in Urbeo Platform

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Dublin-based Urbeo Residential was founded in 20217 by Bill Nowlan, the founder of Hibernia REIT. Starwood Capital Group is an investment firm headquartered in Greenwich, Connecticut. Starwood Capital formed a €1 billion Irish build-to-rent (BTR) platform with Urbeo Residential and the Ireland Strategic Investment Fund (ISIF). Starwood Capital is investing capital, through Starwood Global Opportunity Fund XI, into Urbeo – the name of the BTR platform. This platform will acquire rental units in Dublin and other major Irish cities.

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

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