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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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Marina One and DUO Officially Open

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Khazanah Nasional Berhad and Temasek Holdings (Private) Limited announced the official opening of two major building projects, Marina One and DUO. Together the properties have a gross development value of 11 billion SGD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, January 16, 2018

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BP Plans to Take $1.7 Billion Charge to End Legal Claims on Deepwater Horizon

BP Plc is planning to take a US$ 1.7 billion charge to end legal claims regarding the disastrous 2010 Deepwater Horizon spill in the Gulf of Mexico.

Ethereum Co-Founder Leaves Fenbushi Capital

Vitalik Buterin, a co-founder of Ethereum, which is a cryptocurrency, exited China-based Fenbushi Capital. Fenbushi Capital was formed in 2015. Buterin is retaining his role as an advisor of Fenbushi Capital. Buterin dropped out of the University of Waterloo in 2014 when he got a Thiel Fellowship. This permitted him to work on Ethereum full time.

Kingdom Holding Sells Four Seasons Beirut Hotel Stake

Saudi Arabia’s Kingdom Holding sold its position in the Four Seasons Hotel in Beirut for roughly US$ 100 million. Blominvest, a unit of Blom Bank, advised on the transaction. The Four Seasons will continue to manage the property.

Mercer Signs Deal to Buy BFC

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Deutsche Bundesbank to Slowly Add Renminbi into Foreign Reserve Mix

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Deutsche Bundesbank’s executive board made a decision to invest in Chinese renminbi in the summer of 2017 as part of its foreign currency reserves. The German central bank on January 15, 2018, confirmed it will start investing in Chinese renminbi and also consider investing in additional foreign currencies. The move mimics the European Central Bank (ECB), which already considers the Chinese renminbi as a reserve currency. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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