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Friday SWFI News Roundup, October 23, 2015

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Want to Lead a Massive SWF’s Real Estate Unit?

Norges Bank Investment Management (NBIM) is advertising a newly-created role of chief executive officer for Norges Bank Real Estate Management. The person will report to NBIM’s CEO.

OMERS Ventures Invests in Kaleo Software

OMERS Ventures, the venture capital arm of OMERS, invested in El-Segundo-based Kaleo Software, an enterprise cloud platform for capturing and sharing employee expertise. OMERS Ventures led the US$ 7 million venture capital round. Saturn Partners also participated in the round. Prior investors such as Karlin Ventures, Qualcomm Ventures, Double M Partners and Greycroft Partners, participated in the funding round as well. Founded in 2012 by Hui-Bon-Hoa, Kaleo Software’s clients include Dell, Randstand, Lennar, Toyota Financial Services, Bacardi and Viacom.

Imperial County Employees’ Retirement System Terminates Active Managers, Not Paying for Itself

Imperial County Employees’ Retirement System, a retirement system near the U.S.-Mexico border in El Centro, California, appointed BlackRock to manage a US$ 60 million passive, all-cap domestic equities portfolio. The pension’s investment consultant is Seattle-based Verus.

The pension terminated:

Manager Amount in Millions USD Mandate
T. Rowe Price Group 28 Active Domestic Small-Cap Value Equity
TimesSquare Capital Management 32 Active Domestic Midcap Growth Equity
Franklin Templeton Investments 62 Active International Equity

 

Legg Mason Finalizes RARE Infrastructure Acquisition

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SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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