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Friday SWFI News Roundup, July 1, 2016

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Indiana Public Retirement System Selects BlackRock for Industrial REIT Mandate

The Indiana Public Retirement System (IPRS) selected BlackRock for a US$ 100 million passive investment mandate to invest in industrial real estate investment trusts (REIT). BlackRock will be using the FTSE NAREIT Custom Industrial 25% Capped Index as a benchmark.

JPMorgan and Lone Star Funds Acquire Propertize BV

A joint venture between JPMorgan Chase & Co. and Lone Star Funds agreed to acquire a Dutch bad bank called Propertize BV for €895 million. The Dutch government decided to privatize Propertize in 2015. Propertize was originally SNS Reaal NV which became nationalized in 2013. Other bidders include a joint venture between Goldman Sachs and Cerberus Capital Management LP.

AP3 Invests in Swedish RE Portfolio with Fastighets AB Balder

Sweden’s AP3, also known as Tredje AP-fonden, and Fastighets AB Balder, a listed real estate company, have purchased a portfolio of 21 residential properties in Sweden from Aberdeen Asset Management for 2 billion SEK (€213 million). The massive 71,000 square meter portfolio has around 1200 apartments in Stockholm and Öresund. ”This portfolio fits very well into our long term investment in housing, together with the Third Swedish National Pension Fund,” commented Erik Selin CEO at Balder in a press release.

GIC, CPPIB, Scion JV Land $672 Million Fannie Mae Loan

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CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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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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