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Abu Dhabi’s Massive Sovereign Fund Eyes Paris Property Portfolio

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paris_propThe Paris institutional real estate market continues to attract sovereign wealth money whether from Norway, Asia or the Gulf states. Sovereign funds are looking to diversify their real estate holdings in Europe, targeting other cities besides London. The Abu Dhabi Investment Authority (ADIA), through its sovereign wealth enterprise Tamweelview European Holdings, is in discussions of acquiring a €750 million property portfolio owned by Dock Lyonnais SA, a French subsidiary of a UBS advised fund.

The investment portfolio includes: 6-8 Boulevard Haussmann office block, Business Park in Antony, an office block in Nanterre and other properties.

This upcoming deal follows on the back of the Abu Dhabi Investment Authority’s major real estate acquisition of Tourism Asset Holdings in Australia.

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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