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Dutch PGGM Purchases 60% Stake in UPP Group Holdings Ltd.

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Dutch pension fund manager PGGM Vermogensbeheer B.V. purchased a 60% stake in UPP (University Partnerships Programme) Group Holdings Ltd. from infrastructure funds managed by Barclays Plc. It is the United Kingdom’s second biggest student housing operator. The deal is valued at around £840 million. PGGM manages six pension funds and is based in city of Zeist in the Netherlands. Current assets under management for PGGM total around €125 billion. PGGM is keen on social infrastructure.

Henk Huizing, PGGM’s Head of Infrastructure, said in the statement, “the inflation-linked, stable cash flows are an excellent match with our clients’ liabilities.”

In 2010, UBS AG was hired by Barclays Infrastructure Funds Management to sell all or a portion of their investment in UPP Group Holdings Ltd.

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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