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Friday SWFI News Roundup, January 30, 2015

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Russia’s Anti-Crisis Plan

Russian Prime Minister Dmitry Medvedev has moved forward on inking a 1-year anti-crisis plan. The plan has 60 measures, costing around 2.3 trillion rubles. A major plan component is forming a financial institution that will acquire “bad debt” – more guidance will be provided by March 2015. Russia’s National Welfare Fund (NWF) will be a source of funding for a number of these measures.

Sovereign Wealth Centers Around Standard Chartered CEO

Two of Standard Chartered’s largest shareholders, Singapore’s Temasek Holdings and Aberdeen Asset Management Plc, are forcing the bank chairman John Peace to create a succession plan. Executive search firm Egon Zehnder has been hired to find the next CEO of Standard Chartered. Potential candidates include the CEOs of Lloyds Banking Group Plc, HSBC Holdings Plc (UK) and Westpac Banking Corporation. Internal candidates are also a possibility.

CPPIB Commits Capital to Northleaf Capital Partners

Canada Pension Plan Investment Board (CPPIB) has invested C$ 330 million with Canadian private equity firm Northleaf Capital Partners. The money is being committed to a Canadian fund-of-funds program targeting Canadian small and mid-market buyout and growth equity funds. In 2014, CPPIB invested C$ 70 million into Northleaf Venture Catalyst Fund.

Neuberger Berman Opens Bogota Office

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Canadian Pension Giants Could Support Trans Mountain Pipeline Deal

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The British Columbian (B.C.) government and indigenous groups publicly oppose the Trans Mountain Pipeline project over a number of issues, which include environmental concerns (potential pipeline spills) and land protections. The threat of project derailment sent jitters to Houston-based Kinder Morgan, Inc., requiring the company to halt non-essential spending on Trans Mountain Pipeline L.P. Calgary-based Kinder Morgan Canada Limited, which owns the pipeline, is a listed company that is 70% owned by Kinder Morgan and 30% owned by stock market investors (float). Kinder Morgan Canada hired TD Securities to explore options regarding the future of the pipeline.

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Goldman Sachs Poised to Name David Solomon as New CEO

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Goldman Sachs is poised to name David M. Solomon, the firm’s president, as its new CEO, replacing Lloyd C. Blankfein. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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