Friday SWFI News Roundup, March 6, 2015

Future Fund Invests in Couture Website Moda Operandi

Australia’s Future Fund was a late-stage institutional investor in New York City-based Moda Operandi in 2014. Moda Operandi raised a round of Series E financing for US$ 60 million. Other investors besides the Future Fund includes Fidelity Investments. New Enterprise Associates (NEA) is an investor in Moda Operandi and the Future Fund has allocation to the venture capital firm. The Future Fund has allocated capital to around 10 venture capital firms globally.

Khazanah Nasional Looks to Target Southeast Asian Healthcare Companies

Khazanah Nasional is planning to invest in more Southeast Asian life and health insurance companies through its sovereign wealth enterprise (SWE) called Avicennia Capital Sdn Bhd. There is a secondary preference toward general insurance companies. Key potential markets include Indonesia, the Philippines, Singapore, Thailand and Malaysia.

GIC Increases Stake in Merlin Entertainments PLC

Singapore’s GIC Private Limited has accrued a 5.185% stake in UK-based Merlin Entertainments PLC. Merlin Entertainments operates Madame Tussauds waxworks and LEGOLAND. GIC raised its position from 27.6 million shares to 52.6 million shares. In early March, LEGO unveiled the Star Wars Death Star model display at LEGOLAND.


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