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CalPERS and UBS Create $500 Million Infrastructure Partnership

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The California Public Employees’ Retirement System (CalPERS) and UBS Global Asset Management (Americas) Inc. have created Golden State Matterhorn, LLC, a strategic infrastructure partnership targeting infrastructure investment opportunities across core, OECD markets. CalPERS made a US$ 485 million capital commitment to the partnership, while UBS kicked in US$ 15 million. UBS is the the managing member of the partnership. The partnership was officially established on June 30, 2014 and is actively considering infrastructure investments.

Randall Mullan, a senior portfolio manager for infrastructure investments at CalPERS, stated, “We are pleased to add UBS Global Asset Management to our roster of preferred partners as we expand our access to infrastructure assets across the globe.”

Paul Moy, global head of UBS Global Asset Management’s infrastructure and private equity business said, “We are delighted to be partnering with CalPERS, one of the world’s pre-eminent institutional investors, for this important mandate. We share a common view of good infrastructure investment and the value-add and risk management activities associated with these investments. We are now working together to put this view into practice.”

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.

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

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