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Friday SWFI News Roundup, October 3, 2014

NantHealth Raises Series B from Strategic Investors

NantHealth, a NantWorks company, raised US$ 320 million in Series B financing. The Kuwait Investment Authority (KIA) invested US$ 250 million in the series B round. The KIA had already invested in a previous round – committing US$ 100 million. Other investors are Celgene, Blackberry and the Blackstone Group. Patrick Soon-Shiong is the founder and CEO of NantHealth. In addition, NantHealth has expanded its management team. NantHealth hired Steve Curd as chief operating officer. Curd was the former chief operating officer of WebMD, CIO of United Healthcare and CEO of VantageMed.

New Mexico ERB Commits US$ 70 Million to 2 RE Funds

The New Mexico Educational Retirement Board committed a total of US$ 70 million to 2 real estate funds. The pension investor committed US$ 35 million to Crow Holdings Realty Partners VII which is managed by Dallas-based Crow Holdings Capital Partners. The other US$ 35 million was committed to Prudential Senior Housing Partners V, managed by Prudential Real Estate Investors.

JP Morgan Asset Management Hires and Shifts Executives

JP Morgan Asset Management has named Karim Leguel as head of EMEA client strategy for the firm’s alternatives unit. Leguel was the managing director at Rasini Fairway Capital AG, an independent financial advisory focusing on alternative investment solutions. Leguel will be based in London for the new position. In addition, Jed Laskowitz and Michael O’Brien were named co-heads of JP Morgan Asset Management’s global investment management solutions business. These are new positions.

Relational Investment to Wind Down Operations

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Former U.S. Treasury Secretary Jacob Lew Joins Lindsay Goldberg

New York-based buyout firm Lindsay Goldberg LLC has announced that Former U.S. Treasury Secretary Jacob J. Lew will join the company as a partner focusing on investments across sectors, institutional relationships, and firm management, according to an announcement released on Monday, November 20. Lindsay Goldberg is a private equity firm co-founded by Alan E. Goldberg and Robert D. Lindsey, both veterans of Morgan Stanley in which they worked in the Transaction Development Group.

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San Diego City Employees Retirement System to Reduce PE and Infrastructure for FY 2018

The San Diego City Employees’ Retirement System plans to reduce annual commitments to private equity and infrastructure down to US$ 75 million for fiscal year 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Institutional Investors Remain Skeptical as Bitcoin Continues to Rise

Bitcoin has continued to rally over the past month – hitting a record US$ 8,224 in the early hours of November 20 – and institutional investors are beginning to take notice of the cryptocurrency’s increasing popularity. With a market value of more than US$ 130 billion, the digital currency has seen unprecedented growth of over 700% over the past year. But Bitcoin’s rise has also been marked by a number of volatile slumps, leaving institutional investors divided over its durability as a long-term store of value and wondering whether to get in on the action. Despite these headwinds, more than 100 hedge funds have been formed to trade in digital currencies.

Split Consensus on Wall Street

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