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Friday SWFI News Roundup, October 3, 2014

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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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Andrew Claerhout Leaves OTPP

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Andrew J. Claerhout exited the Ontario Teachers’ Pension Plan (OTPP). He was Senior Managing Director of Infrastructure and Natural Resources. His responsibilities included overseeing a swath of infrastructure acquisitions and asset management globally, along with investments in oil and gas, agriculture (avocados for example), timberlands and other resource sectors. Clearehout joined OTPP back in 2005.

Taking his spot in the interim is Dale Burgess, Managing Director, Latin America, at OTPP.

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PwC Sells US Public Sector Practice to Veritas Capital

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PricewaterhouseCoopers (PwC) inked a deal to sell its U.S. public sector business unit to Veritas Capital Fund Management, L.L.C., a private equity firm. Post-deal, the business unit will be renamed and run as a separate company. PwC’s public sector business services U.S. federal government clients such as the Department of Defense, Homeland Security, Veterans Affairs, Health and Human Services and the State Department. The business unit also services local and state U.S. governments.

For the moment, Veritas Capital seeks to keep the current management in place.

Advisors

PwC was advised by Morgan Stanley. Davis Polk & Wardwell advised PwC. Veritas Capital was advised by law firm Schulte Roth & Zabel LLP.

Veritas Capital’s Activities

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HNA Sells 1.2% Stake in Hedged Investment in Deutsche Bank

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Chinese conglomerate HNA Group Co. sold off roughly a 1.2% stake in Deutsche Bank AG for around €300 million (US$ 374 million), reducing ownership down to 8.8%. HNA Group held the bank shareholding through Vienna-based asset manager C-Quadrat Investments AG, in which, HNA is a majority owner in. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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