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NPRF Welcomes the First Investment by Irish Infrastructure Fund

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According to the press release, “The National Pensions Reserve Fund has welcomed today’s announcement of the first investment by the Irish Infrastructure Fund (IIF) following its acquisition of a majority stake in a portfolio of wind farms from Viridian Group.

Speaking today, NPRF Commission Chairman Mr. Paul Carty said: “This is an important first investment by the IIF, establishing it as a major new investor in Irish infrastructure and bringing liquidity to the market. Transactions that enable vendors to recycle their capital into further investment, in this case in the renewable assets sector, are essential to the development of the infrastructure market in Ireland.”

The NPRF’s commitment to the IIF is part of the development of the Strategic Investment Fund which will comprise a number of funds focused on sectors of strategic importance to the Irish economy including infrastructure, financing for SMEs and venture capital. The NPRF, as a commercial and cornerstone minority investor in these funds, will act as a catalyst for attracting third-party investors thereby increasing the size of the overall investment in the Irish economy.”

Read more: Press Release

Alibaba Invests in Series C in 1919 Wines

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On October 18, 2018, Alibaba Group Holding Limited, through Alibaba (China) Network Technology Co., Ltd, invested some 2,000,000,065.08 RMB (US$ 288,447,000) for 39,277,299 shares in a Series C round into 1919 Wines & Spirits Platform Technology Co., Ltd., a Chinese alcohol beverage e-commerce retailer. Post-deal, Alibaba owns about 29% of the company shares and became the second largest shareholder of 1919 Wines. The transaction values 1919 Wines at 7 billion RMB.

GF Securities Co., Ltd. advised 1919 Wines on the transaction.

Formed in 2010, 1919 Wines is based in Chengdu. 1919 Wines owns retail portals, phone apps, and offline stores.

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Nomura and CIC Contemplate Joint Investment Fund

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Japan-based Nomura Holdings is in talks with the China Investment Corporation (CIC) on forming a new investment fund. The fund could be receive commitments up to US$ 1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Holdings Dumps More of Celltrion

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On October 22, 2018, Singapore’s Temasek Holdings, through its sovereign wealth enterprise (SWE) Ion Investments, entered into its second block deal in selling shares in Celltrion, a South Korean bio-pharmaceutical company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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