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CalPERS and Australia’s Future Fund Backed Brookfield’s $15 Billion Takeover of GGP

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In a revelation, the California Public Employees’ Retirement System (CalPERS) and Australia’s Future Fund were found to be among the joint-venture equity backers standing behind Brookfield Property Partners’ US$ 15 billion takeover of U.S. mall owner GGP Inc. (also known as General Growth Properties), alongside a subsidiary of CBRE Group and TIAA affiliate TH Real Estate. The public asset owners and their partners were left unnamed when Brookfield announced the finalized agreement late last March, which positions the Toronto-based asset manager to acquire the remaining 66% of GGP it doesn’t already own at a considerable premium to the retail-centric REIT’s shareholders.

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CalPERS CFO Out over Questions on Resume from Media

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Charles Asubonten has exited as Chief Financial Officer of the California Public Employees’ Retirement System (CalPERS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Crown Court Dismisses Charges on Barclays Qatar Loan Deal

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Barclays can breathe some fresh air for now over a high-profile corporate case. In February 2018, the U.K. Serious Fraud Office (SFO) had brought charges against Barclays and Barclays Bank in regard to the capital raising deals made in 2008. The bank could have lost its banking license, if found guilty of the charges. A number of bank executives were personally charged as well.

The Charges

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Mubadala Participates in PLT Platform Expansion

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The Russian Direct Investment Fund (RDIF) corralled a number of Middle Eastern funds, including the Mubadala Investment Company, to augment investment exposure to a logistics infrastructure investment platform called Professional Logistics Technologies (PLT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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