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APG Puts Deloitte Data Team On Sustainable Investment Beat

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APG Group is taking over a 13-man data analytics team from Deloitte Nederland that specializes in leveraging artificial intelligence (AI) and big data analytics for sustainable investing. Their new task as an independent business unit of the €469 billion Dutch pension fund manager will be to identify listed companies that have a sizable impact on slowing the effects of climate change, as well as those addressing problems in healthcare and education. APG Group will own 70% of the new unit, with the remaining 30% being held by the team’s management.

“We are constantly seeking out innovative and sustainable investment opportunities to achieve the highest possible return at the lowest possible costs. Using the unique knowledge this team has in relation to big data and artificial intelligence will make us even better at that,” said Ronald Wuijster, interim member of APG Group’s executive board. APG’s largest client and owner, Stichting Pensioenfonds ABPP, has committed to allocating €58 billion towards sustainable investments by 2020.

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Scatec Solar Places Big Solar Bet in Bangladesh

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Oslo-based Scatec Solar ASA, a publicly-traded independent power producer operating in the emerging market solar development space, plans to construct and own a 800 mega watt photovoltaic solar power plant in Chandpur, Bangladesh. Scatec Solar has solar assets scattered across numerous emerging markets such as South Africa, Rwanda, Honduras, Egypt, Jordan and the Czech Republic.

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APFC Sells $1.4 Billion Stake in Simpson Housing

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The Alaska Permanent Fund Corporation (APFC) embarked on a major shift in its real estate portfolio by selling a 50% ownership stake in Denver-based Simpson Housing LLLP for US$ 1.4 billion. Simpson Housing had made up roughly 24.7% of APFC’s US$ 5.6 billion real estate portfolio. The other owner of Simpson Housing is that State of Michigan Retirement Systems.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ISIF Invests in Cybersecurity Firm Vectra

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The Ireland Strategic Investment Fund (ISIF) committed €10 million to Vectra Networks, Inc., a San Jose, U.S.-based cybersecurity company. The investment capital will assist Vectra in creating a research and development center in Dublin.

ISIF is part of a larger funding round of €30 million. These other investors include Khosla Ventures, Accel Partners, DAG Ventures, AI Ventures, AME Cloud Ventures and Wipro Ventures.

Kevin Dillon, who is the former Head of Microsoft Ireland and a Managing Partner at Atlantic Bridge, will join the board of directors at Vectra.

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