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Friday SWFI News Roundup, January 23, 2015

Korea’s NPS Selects Singapore for Third Overseas Office

Korea’s National Pension Service (NPS) is opening its third overseas office. The NPS has overseas offices in New York and London. The third office overseas will be in Singapore and commence operations in 2015.

Punj Lloyd Sells Global Health Stake to Temasek Holdings

Indian engineering company Punj Lloyd has sold its entire 17.74% stake in New Delhi-based Global Health Pvt. Ltd for around Rs 700 crore (US$ 113.54 million) to Dunearn Investments (Mauritius) Pte Limited, a sovereign wealth enterprise of Singapore’s Temasek Holdings. Global Health Pvt. Ltd owns and manages Medanta hospital in Gurgaon.

Big Raise for Bitcoin-Related Company

Coinbase, a bitcoin startup, has raised US$ 75 million in Series C funding. The lead investor was DFJ Growth. Other investors include: USAA, NTT Docomo (Japan), Valar Capital, BBVA, The New York Stock Exchange, Vikram Pandit (former CEO of Citigroup), Tom Glocer (former CEO of Thomson Reuters) and Carlos Rodriguez Pastor. Returning investors in the round are Reddit Capital, Union Square Ventures and Andreesen Horowitz.

Ameriprise Financial Rebrands, Combines Columbia Management and Threadneedle Investments

Columbia Management, a subsidiary of Ameriprise Financial, Inc., is rebranding its business as Columbia Threadneedle Investments in the first half of 2015. Threadneedle Investments has a strong presence in the United Kingdom, being one of the largest retail asset managers in the country. Both Columbia and Threadneedle are owned by Ameriprise Financial. Combined, the new group will have about US$ 505 billion in assets under management.

Landmark Partners Raises US$ 3.25 Billion for Landmark Equity Partners XV

Landmark Partners closed Landmark Equity Partners XV with US$ 3.25 billion, US$ 1.8 billion has already been invested. The last fund, Landmark Equity Partners XIV, closed at US$ 2 billion in 2010. The secondaries fund is targeting private equity fund interests and stakes in private companies. Some pension investors are St. Louis Public School Retirement System, Louisiana Firefighters’ Retirement System, Kentucky Teachers’ Retirement System and Connecticut Retirement Plans & Trust Funds. Kirkland & Ellis advised Landmark Partners on the latest fundraise.

Temasek Led Series D Round in Pluribus Networks

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Sovereign Funds Commit to Integrating Climate-Related Risks at One Planet Summit

Representatives from a number of sovereign wealth funds who collectively govern over US$ 2 trillion in assets came together at the One Planet Summit at the Élysée Palace in Paris in order to discuss what public asset owners can do to incorporate climate change-related risks and opportunities into investment considerations.

The newly formed committee – called the One Planet Sovereign Wealth Fund Working Group – includes as its founding members the Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Qatar Investment Authority (QIA), Norges Bank Investment Management (manager of Norway’s Government Pension Fund Global), Saudi Arabia’s Public Investment Fund (PIF), and the New Zealand Superannuation Fund.

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bcIMC-Backed Hayfin Capital to Buy CLO Specialist Kingsland Capital

London-based Hayfin Capital Management agreed to buyout New York-based Kingsland Capital Management, LLC, a U.S. collateralized loan obligations (CLO) and leverage credit manager. The transaction permits Hayfin Capital an opening to the U.S. CLO market. Hayfin Capital does not currently manage any live CLOs.

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CPPIB Participates in Peruvian PE Restructuring

The Canada Pension Plan Investment Board (CPPIB) is part of an investor group that is helping restructure a number of vehicles that are managed by Peru-based Enfoca, a private equity firm.

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