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GIC Invests in Ascendas India Growth Programme

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In 2011, Singapore’s GIC opened up their Indian office in Mumbai. The GIC is betting some capital in India’s office sector – expanding their real estate exposure in emerging markets. Trusting local partner, Ascendas Pte Ltd, the GIC is a principal investor in the Ascendas India Growth Programme. The Ascendas India Growth Programme has a target size of S$ 600 million and will focus on Indian real estate, particularly office space. Target cities include Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Pune.

Ascendas manages the Ascendas Real Estate Investment Trust, Ascendas Hospitality Trust and Ascendas India Trust.

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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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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