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Bill Gates, TPG and Others Line up Big Dough for Breakthroughs

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Billionaire philanthropist and founder of Microsoft Bill Gates has formed a US$ 1 billion investment fund called Breakthrough Energy Ventures. This comes after Bill Gates, in November 2015, revealed a Breakthrough Energy Coalition of billionaires and business leaders who stated they were committed to investing in new forms of energy. The fund will invest in all forms of emissions-free energy, embarking on multiple-scenario approach. The fund is targeting a number of technologies to tackle greenhouse gas emissions in areas such as electricity, manufacturing, transportation, buildings and food. The fund aims to have a 20-year term, much longer than traditional venture capital or private equity fund terms. Bill Gates also wants to see ventures either show progress or quickly fail. A slate of global billionaires and investors have joined in. The fund also could work with corporate partners in the traditional energy space such as Total SA.

Here are the investors:

Investor Title Company / Relation Country Fund Board Member
Bill Gates Co-chair Bill & Melinda Gates Foundation United States Chairman
Mukesh Ambani Chairman and Managing Director Reliance Industries Limited India Board Member
Hasso Plattner Co-founder SAP SE Germany Board Member
Jack Ma Executive Chairman Alibaba Group China Board Member
John Arnold Co-chair Laura & John Arnold Foundation United States Board Member
John Doerr Chairman Kleiner Perkins Caufield & Byers United States Board Member
Vinod Khosla Founder Khosla Ventures United States Board Member
Chris Hohn Founder The Children’s Investment Fund United Kingdom  
Dustin Moskovitz & Cari Tuna Co-founders Good Ventures United States  
HRH Prince Alwaleed bin Talal Chairman Alwaleed Philanthropies Saudi Arabia  
Jeff Bezos Founder & CEO Amazon United States  
Julian Robertson Founder & Chairman Tiger Management United States  
Masayoshi Son Founder, Chairman & CEO SoftBank Group Corporation Japan  
Michael Bloomberg CEO Bloomberg LP United States  
Ms. Zhang Xin & Mr. Pan Shiyi Co-founder & CEO, Chairman SOHO China China  
Nat Simons & Laura Baxter-Simons Co-founders Prelude Ventures United States  
Patrice Motsepe Founder & Executive Chairman African Rainbow Minerals (ARM) South Africa  
Ray Dalio Founder Bridgewater Associates United States  
Reid Hoffman Co-founder LinkedIn United States  
Richard Branson Founder Virgin Group United Kingdom  
Xavier Niel Founder Illiad Group France

 

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

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