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Kuwait Investment Authority Invests $100 Million in Healthcare IT Company

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KIA

Bader Mohammad Al-Sa’ad, Managing Director, Kuwait Investment Authority

The Kuwait Investment Authority (KIA) has invested US$ 100 million in Culver City-based NantHealth LLC which is part of the NantWorks family of companies. NantHealth is a cloud-based healthcare information technology company. A key company product is the NantHealth Clinical Operating System (cOS). The NantHealth platform has been installed at around 260 hospitals. According to the CEO of NantHealth, the sovereign wealth fund investment allows the company the possibility to globally scale the product.

In a press release, Bader Mohammad Al-Saad, Chief Executive Officer of the Kuwait Investment Authority said, “Our fund makes investments in companies which not only are the leaders in their field, but which also have the potential to make huge positive impact for multi-generations to come. NantHealth is such a company and we are pleased to be able to contribute to the global footprint of Dr. Soon-Shiong’s vision to improve the lives of humanity.”

BlackBerry Deal

The mobile market has become intensely competitive for the Canadian company. Earlier in 2014, NantHealth inked a deal with smartphone maker BlackBerry. BlackBerry is pivoting toward its enterprise market in regulated industries such as government, healthcare and financial services. The integration of proprietary applications like NantHealth could make BlackBerry sticky for medical professionals.

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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