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QIC Grows North America & Europe Infrastructure Business

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The Queensland Investment Corporation (QIC), an Australian government-owned asset manager, is ramping up its infrastructure investing program. The Brisbane-based organization, which caters to the institutional investor community, has opened a new office in New York City and appointed Vittorio Lacagnina as director to head up infrastructure capital formation efforts throughout North America and Europe.

“Vittorio’s appointment reflects our upbeat outlook for infrastructure investing. An increasing number of governments around the world are encouraging private sector infrastructure investment and Australia is poised for an estimated A$135 billion wave of energy and transport infrastructure privatisations over the next three to five years,” said Brian Delaney, QIC’s head of global clients and marketing, in a press release. “Institutional investors are thinking beyond traditional listed assets and expressing growing interest in global infrastructure. Vittorio will be pivotal to deepening our US and European relationships and driving our business development efforts.”

Prior to joining QIC, Lacagnina was an investment director for SteelRiver Infrastructure Partners where he oversaw global fundraising and co-investment. While working as a senior originator for Babcock & Brown, he became involved in a management buyout that led to the formation of SteelRiver. At Babcock & Brown, Lacagnina spearheaded infrastructure co-investment in North America. He started his career in Goldman Sachs’ Investment Banking division and now has over 15 years of experience.

QIC’s track record in global infrastructure investing spans 8 years. The firm currently holds 11 global direct investments across transport, utilities and public-private partnership assets, totaling A$ 5.1 billion (US$ 4.5 billion) in infrastructure investments, as of 30 June 2014. It manages more than A$ 70 billion (US$ 61.1 billion) of assets for over 90 clients across Australia, Europe, Asia, Middle East and the US, including sovereign wealth funds, pensions and insurance companies.

Calamos Investments to Acquire Timpani Capital Management

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Naperville, Illinois-based Calamos Investments signed a deal to acquire Milwaukee-based Timpani Capital Management LLC, which focuses on small and small-midcap growth investing. Founded in April 2008, Timpani Capital Management oversees around US$ 588 million in assets. The deal is expected to close in the second quarter of 2019.

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RDIF and Russia-Japan Investment Fund to Invest in Russian Subsidiary of SBI Holdings

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The Russian Direct Investment Fund (RDIF) and the Russia-Japan Investment Fund (launched by RDIF, the Japan Bank for International Cooperation and JBIC IG Partners) have reached an agreement with the Japanese corporation SBI Holdings to invest in SBI Bank LLC, SBI Holdings’ subsidiary in Russia. SBI Bank LLC will undergo a large-scale reorganization.

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Ocasio-Cortez and Maxine Waters to Oversee US Banking System via House

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The youngest woman ever to serve in U.S. Congress – starting at the age of 29 – already has an opponent in her sights. Freshman U.S. Representative Alexandria Ocasio-Cortez, often dubbed AOC on Twitter, was appointed to the House Financial Services Committee, where the democratic socialist will oversee Wall Street. This committee oversees the banks and financial institutions of the United States. With Republicans controlling the U.S. Senate and the White House, and the Democrats controlling the House, one can expect less game-changing bills being turned into laws in the banking sector.

While bartending and waiting tables at the Flats Fix taco bar in Union Square, Ocasio-Cortez upset the more centrist Representative Joe Crowley, Chairman of the House Democratic caucus. Encouraged by her success, other far left democrats are planning to challenge moderate democrats in the 2020 primaries. Ocasio-Cortez is also expected to further strengthen the influence of Chairwoman Maxine Waters of the House Financial Services Committee. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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