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London may face competition from emerging economies: Tony Tan

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Tony Tan

According to Channel NewsAsia, “Financial markets like London may face stiff competition as fast-growing emerging economies like China and India attract more investments.   The Government of Investment Corporation or GIC’s Deputy Chairman and Executive Director, Tony Tan, said this at the UK Financial Service Forum Panel held in London on Monday.

Dr Tan said: “For investors, the rise of emerging markets will mean that a larger proportion of their investments will be in these markets. Far from being a risky and perhaps alternative part of their portfolio, emerging markets will become a core and unavoidable asset class in global portfolios.”

This, he added, will also lead to more financial institutions and centres being developed in such economies.   Despite the competition, Dr Tan believes that London need not lose out. He said that the city’s deep financial expertise should allow it to tap into opportunities arising from global shifts in investments.   Dr Tan noted that the post-crisis environment will also be more difficult for developed economies compared to emerging economies.

“Growth will likely be modest for a number of years as the economies recover from the credit bubble and its bursting,” Dr Tan said, as he shared insights on the possible challenges and opportunities London will face post-crisis.”

Read more: Channel NewsAsia

Antares Bain Capital Complete Financing Solution Backs symplr Deal

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On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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PSP Investments Exits Antelliq

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On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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