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Friday SWFI News Roundup, May 15, 2015

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Stanford Endowment’s Head of Private Equity Joins Adams Street Partners

Saguna Malhotra, the former managing director for private equity for Stanford University’s endowment, has joined Adams Street Partners as a partner. She will be based in Menlo Park. Before working at Stanford Management Company (SMC), Malhotra was vice president at Ripplewood Holdings. At SMC, she was responsible for a US$ 5.7 billion private equity portfolio.

GIC Invests in Indian Microlender

Indian microlender Bandhan Financial Services raised Rs 1020 crore (US$ 159 million) equity from International Finance Corporation (IFC), Singapore’s GIC Private Limited and Small Industries Development Bank of India. GIC has invested Rs 640.87 crore in Bandhan. IFC invested Rs 344 crore. After the capital raise, Bandhan got its final banking license from the Reserve Bank of India (RBI).

GIC and QIA to Invest in Flipkart Round

Bengaluru-based Flipkart is near raising US$ 550 million in new capital. Leading the round is Tiger Global, plunking down US$ 100 million. Other investors are DST Global, Accel Partners, Naspers, Steadview Capital, Qatar Investment Authority (QIA) and Singapore’s GIC Private Limited. Flipkart is keen on gaining market share against its domestic rival Snapdeal and its foreign rival Amazon for dominance in the Indian online retail industry.

Korea’s National Pension Service Plans to Open Singapore Office

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MAS Seeks to Commit $5 Billion to Private Equity and Infrastructure Managers

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From U.S. pension funds to asset-heavy sovereign wealth funds, Singapore is calculating that more institutional investor assets globally are being committed to the Asia region. The Monetary Authority of Singapore (MAS), Singapore’s central bank, signaled and planned to commit US$ 5 billion with locally-based fund managers who will invest in private enterprises and infrastructure projects. The beneficiaries of the mandates will be private equity and infrastructure fund managers. MAS is seeking to lure top global asset managers to Singapore and firms that have a significant footprint in Singapore could be eligible for the funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ivanhoe Cambridge Acquires Cap Ampere Campus from Natixis

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In one of the largest transactions in the French office sector, Ivanhoé Cambridge, real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ), has acquired a 90,000 square meter office-building campus from Natixis, in the Greater Paris area of Saint-Denis Pleyel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Supports CapitaLand Shanghai Investment on Haimen Road

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GIC Private Limited, Singapore’s sovereign wealth fund, has entered into a 50:50 joint venture with Raffles City China Investment Partners III (RCCIP III), a fund controlled by CapitaLand. The joint venture is acquiring Shanghai’s tallest twin towers for an aggregate consideration of RMB 12.8 billion (US$ 1.84 billion). The property is located in Shanghai’s core Central Business District.

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