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Joint Russia-Japan Investment Fund Makes US$ 170 Million in Initial Investments

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The Russia-Japan Investment Fund (RJIF), a joint venture fund between the Russian Direct Investment Fund (RDIF) and the Japan Bank for International Cooperation (JBIC), has made its first transactions, investing some 10 billion rubles (US$ 169.4 million) in several Russian enterprises in the energy infrastructure and pharmaceutical industries. The transactions – which were carried out jointly with an unidentified Japanese corporate sponsor – are expected to close by the end of 2017, according to an RDIF press release.

One of the inaugural fund investments went towards Joint Stock Company Transneft, Russia’s state-owned pipeline monopoly which transports nearly 90% of its oil and 30% of oil products. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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