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Friday SWFI News Roundup, November 13, 2015

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Qatar Government Buys Palais Clam-Gallas

Palais Clam-Gallas, an Austrian neoclassical palace in Vienna, has been sold to the Qatar embassy. The property reportedly fetched a €30 million price tag. Palais Clam-Gallas was constructed in 1834 as a summer residence for Prince Franz Joseph von Dietrichstein. The French government acquired the iconic palace in 1951 and has been home to the French Institute since 1981.

Sunsuper Invests in Australian Technology Park Development

Superannuation fund Sunsuper, AMP Capital and Mirvac Group, a listed real estate developer, are investing in a massive office park joint venture. The asset is being sold by the New South Wales State Government. The three investors are funding a redevelopment project in Sydney called Australian Technology Park (ATP). The project will cost around A$ 1 billion. All three will have a 33.3% interest in the project. Furthermore, Commonwealth Bank of Australia (CBA) has pre-committed to a 15-year lease.

Iwjw Raises Money from Temasek Holdings

Startup Iwjw is an online real estate agency company based in Shanghai. Iwjw raised US$ 150 million in a Series E round. Leading the round was Singapore’s Temasek Holdings and Hillhouse Capital. In May 2015, Iwjw raised US$ 120 million in a Series D round, led by GGV Capital and Morningside Ventures.

WuXi PharmaTech Deal Nears Close

An investment consortium led by Temasek Holdings, through its unit Temasek Life Sciences Private Limited, is nearing a close for the US$ 3.3 billion takeover of Shanghai-based WuXi PharmaTech Inc. A definitive merger agreement was signed back in August 14, 2015.

ISIF Backs Swrve

Mobile marketing startup Swrve has raised US$30 million in funding. The deal allows Swrve to acquire adaptiv.io, a data automation platform for mobile. Leading the latest funding round is Evolution Media Partners (EMP), a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media, and the Ireland Strategic Investment Fund (ISIF). Other investors in the round are Acero Capital and Atlantic Bridge – both existing investors.

Future Fund May Sell Stake in Southern Water

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Goldman Sachs Buys Weyerhaeuser Spin Off AM Unit from Lindsay Goldberg

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Increasingly, Goldman Sachs is buying up small alternative asset management groups across the United States. Goldman Sachs Asset Management (GSAM) is part of Goldman Sachs Group. GSAM inked a deal to purchase Aptitude Investment Management LP, a hedge fund-of-funds manager, from Lindsay Goldberg & Bessemer II AIV LP, a vehicle managed by Lindsay Goldberg. Aptitude Investment Management oversees around US$ 3.5 billion in discretionary assets. Aptitude Investment Management operates out of Seattle and Vancouver, British Columbia.

Before the creation of an in-house unit at Weyerhauser, Morgan Stanley was the sole investment manager of Weyerhauser’s retirement assets. Salim Shariff, formerly of Morgan Stanley Alternative Investment Partners, and Jeff Klein were hired as CIO and Deputy CIO of Weyerhaeuser Asset Management LLC in 2004. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Gets Exposure to Exchange Tower through Primewest Vehicle

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Singapore’s GIC Private Limited funded a deal through a fund to acquire the Exchange Tower in Perth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, December 13, 2018

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Turkey Wealth Fund Could Tap Debt Markets in 2019

Turkiye Varlik Fonu or Turkey Wealth Fund could be issuing a large bond in 2019. The loan would most likely be short term in nature with a maturity of two years and be syndicated.

Rahm Emanuel Suggests Bonds to Help Support Chicago Pensions

The outgoing Chicago Mayor Rahm Emanuel revealed a plan on possibly issuing US$ 10 billion in bonds in funding Chicago’s underfunded pension funds. Chicago’s four pension funds have an average funding ratio of 26%. In March 2016, the Illinois Supreme Court ruled an earlier pension reform law effecting employees and laborers’ pension funds that was signed by then Illinois Governor Pat Quinn that the law was unconstitutional.

SoftBank and Alibaba Back PT Tokopedia

PT Tokopedia is an Indonesian generalist e-commerce site. Tokopedia raised US$ 1.1 billion in an investment round led by the SoftBank Vision Fund and Alibaba Group. Softbank Ventures Korea and other investors participated in the round as well. William Tanuwijaya is the CEO and Co-Founder of Tokopedia.

Tikehau Capital and Total SA Form Low Carbon Fund

Tikehau Capital and Total SA created a private equity fund to focus on supporting the energy transition to cleaner sources of energy. The fund held a €350 million first close and raised money from investors such as Bpifrance and Groupama as anchor investors.

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