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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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Ping An Good Doctor Lures Big Public Asset Owners

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Ping An Good Doctor, formerly known as Ping An HealthCare and Technology Company, is a Chinese online healthcare platform that is part of Ping An Insurance (Group) Company. This unit is planning to be offered in a Hong Kong initial public offering that could raise as much as 8.8 billion HKD in shares at 50.80 or 54.80 HKD per share.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek and Schneider Electric Eye L&T Electrical Unit

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Singapore’s Temasek Holdings and France-based Schneider Electric are in talks to acquire Larsen & Tourbo’s electrical and automation business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Allocates $1 Billion Internally to a Global ESG Strategy

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In February 2018, the California Public Employees’ Retirement System (CalPERS) allocated US$ 1 billion to an internally-managed QSI Global ESG strategy. The internally-managed strategy was developed by New York-based QS Investors, LLC, a subsidiary of Legg Mason. CalPERS entered into a 5-year contract with QS Investors, with a possible spend of over US$ 1 million per annum.

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