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Robert Greene Appointed Chairman of Virginia Retirement System

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Robert L. Greene has been appointed Chairman of the Virginia Retirement System (VRS) by Virginia Governor Terry McAuliffe. Greene has served as a VRS board of trustee and vice chair for a number of years. He replaces Diana Cantor as chairman of the board. Greene is President and CEO of the National Association of Investment Companies (NAIC). NAIC is a trade association of diverse-owned and emerging managers. Greene served as Director of Private Equity with Arthur Andersen Transaction Advisory Services, where he advised private equity firms on a variety of venture capital and leveraged buyout (LBO) transactions.

Institutional Investor Profile of the Virginia Retirement System

As of February 2015, the Richmond-based retirement system has US$ 67.2 billion in assets under management. VRS generated a 15.7% net return on its investment portfolio for fiscal year 2014.

Greene also serves on the event advisory board of the SWFI.

CDPQ Boosts Stake in Azure Power

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Disclosed on October 17, 2018, Caisse de dépôt et placement du Québec (CDPQ), through CDPQ Infrastructures Asia Pte Ltd., increased its stake in Azure Power Global Limited, a listed Indian solar power producer. CDPQ increased its ownership in Azure Power to 40.3% ownership by a US$ 100 million commitment in a recent capital raise. Post-deal, CDPQ has invested US$ 240 million in Azure Power.

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Invesco Lost a Big SWF Equity Mandate

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Invesco celebrated its landmark acquisition to acquire OppenheimerFunds from MassMutual. Invesco faced some outflows on its active management side of the business. In the third quarter of 2018, Invesco had outflows from two sovereign wealth funds, which totaled approximately US$ 2.5 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Sky News Reveals CPPIB Eyeing Gatwick Airport

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Mark Kleinman of Sky News revealed that the Canada Pension Plan Investment Board (CPPIB) is seeking to purchase a stake in Gatwick airport. The transaction could be more than £3 billion GBP, as CPPIB seeks to acquire a 42% in the airport from Global Infrastructure Partners. Furthermore, CPPIB would invest more capital into the airport if the deal goes through.

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