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Friday SWFI News Roundup, April 24, 2015

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Qatar Sovereign Wealth Capital Backs North African Resorts

Bangkok-based Minor Group is working with Qatari Diar Real Estate Investment Company, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), to construct two new resorts in North Africa. The resorts will be Anantara resorts. One of the resorts, Anantara Tozeur Resort, will be based in southwest Tunisia in the city of Tozeur. The other resort, Anantara Al Houara Tangier Resort, will be based in northern Morocco.

Law Enables Addition of Second Executive Managing Director

On April 24, a law was enacted to add another executive managing director at Government Pension Investment Fund – Japan (GPIF). The law expanded the position from 1 to 2, to strengthen oversight of the massive pool of public capital. Hiromichi Mizuno is leading the investment side as executive managing director, while the other executive managing director will most likely deal with general affairs. The second position will most likely be chosen from Japan’s Health, Labor and Welfare Ministry.

CalPERS’ Purges Stake in Health Evolution Partners Fund

The California Public Employees’ Retirement System (CalPERS) sold its stake in Health Evolution Partners’ growth fund to secondaries firm HarbourVest Partners. CalPERS was the only limited partner in funds managed by the firm. CalPERS is no longer backing single-LP funds. San Francisco-based Health Evolution Partners was founded by David Brailer, a former National Coordinator for Health Information Technology under the U.S. Department of Health and Human Services during the George W. Bush administration. Brailer also founded CareScience as a spinout from The Wharton School. Health Evolution Partners plans to raise a future fund and managed US$ 547.9 million as of December 31, 2014.

Evercore’s secondaries team assisted in the deal.

Singapore’s GIC Leads Series C Round in Indian Local Services Classified Startup

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Wants More of Ola, Careem Acquires Commut

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ANI Technologies, which owns ride-hailing app Ola, is in key talks with Temasek Holdings and South Africa-based Naspers LLC on raising capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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