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Public Fund-Backed Hayfin Up for Sale

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London-based Hayfin, also known as Haymarket Financial, is being sold off after TowerBrook Capital Partners decided to sell the business. Hayfin manages over €5.3 billion in a range of financial products such as collateralized loan obligation funds.

Hayfin is an entity that focuses on private debt and was created by TowerBrook, OMERS Private Equity, the Australian Future Fund and the Public Sector Pension Investment Board of Canada in 2009. The initial idea was to craft a commercial lending platform backed by public funds to serve mid-sized companies in Europe, especially in a time when European banks were severely hampered. In 2008, TowerBrook started Ladder Capital Finance Holdings LLC to serve the commercial real estate market.

UBS is advising on the sale of Hayfin.

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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