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Friday SWFI News Roundup, September 9, 2016

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Private Iranian Banks Plan to Open in Munich

Sina Bank and Middle East Bank, two private Iranian banks, are opening up branches in Munich, Germany. Middle East Bank hopes to open its Bavarian branch by the end of 2016. Sina Bank was formed in 1985 and is listed under the Tehran Stock Exchange. Sina Bank, along with other Iranian banks, were under European Union sanctions in 2010.

Red Dot Capital Leads Round in Celeno Communications

Celeno Communications, an Israeli company that provides smart managed Wi-Fi chipsets and software technology, raised US$ 38 million from a Series round. The investment round was led by Red Dot Capital Partners, a fund backed by an enterprise unit of Temasek Holdings.

OTPP-Backed Deimos Asset Management to Shut Doors, Citing Challenging Fundraising Environment

Deimos Asset Management, a hedge fund that received anchor capital from the Ontario Teachers’ Pension Plan (OTPP) and a strategic investment from Ares Management LP, is shutting down. Deimos Asset Management had a cadre of former employees from Guggenheim Partners join the firm. The multistrategy hedge fund is closing its doors because of a challenging fund raising environment.

Charles Hatami Promoted to Head BlackRock’s Financial Markets Advisory Business

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Contemplates Investing in SoftBank Vision Fund

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Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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