Singapore Sovereign Wealth Centers on iParadigms LLC With Insight Venture Partners
Increasingly, Asian sovereign wealth funds are centering on technology investments, partnering with private equity firms in the United States on buyout deals. Oakland-based iParadigms LLC, an anti-plagiarism software company, agreed to a transaction to sell to private equity firm Insight Venture Partners and GIC Private Limited, one of Singapore’s sovereign wealth funds, for US$ 752 million. This deal includes debt.
By April 2010, Turnitin was being used by all four major universities in Singapore.
“As a leading global investor, we are enthusiastic about the opportunity to partner with Insight and management to help iParadigms further expand its international footprint,” said Eric Wilmes in a iParadigms press release who is head of the North America Direct Investments Group, at GIC Special Investments. “The company, with its best-in-class education platform, is very well positioned for long-term success.”
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Singapore’s GIC Private Limited funded a deal through a fund to acquire the Exchange Tower in Perth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Turkey Wealth Fund Could Tap Debt Markets in 2019
Turkiye Varlik Fonu or Turkey Wealth Fund could be issuing a large bond in 2019. The loan would most likely be short term in nature with a maturity of two years and be syndicated.
Rahm Emanuel Suggests Bonds to Help Support Chicago Pensions
The outgoing Chicago Mayor Rahm Emanuel revealed a plan on possibly issuing US$ 10 billion in bonds in funding Chicago’s underfunded pension funds. Chicago’s four pension funds have an average funding ratio of 26%. In March 2016, the Illinois Supreme Court ruled an earlier pension reform law effecting employees and laborers’ pension funds that was signed by then Illinois Governor Pat Quinn that the law was unconstitutional.
SoftBank and Alibaba Back PT Tokopedia
PT Tokopedia is an Indonesian generalist e-commerce site. Tokopedia raised US$ 1.1 billion in an investment round led by the SoftBank Vision Fund and Alibaba Group. Softbank Ventures Korea and other investors participated in the round as well. William Tanuwijaya is the CEO and Co-Founder of Tokopedia.
Tikehau Capital and Total SA Form Low Carbon Fund
Tikehau Capital and Total SA created a private equity fund to focus on supporting the energy transition to cleaner sources of energy. The fund held a €350 million first close and raised money from investors such as Bpifrance and Groupama as anchor investors.
The Russian Direct Investment Fund (RDIF) inked a deal with ANAS S.p.A. (formerly known as Azienda Nazionale Autonoma delle Strade), the Italian state highway management company, to implement a concession agreement to build and operate the fourth section of the massive Moscow Central Ring Road. The transaction expects to be finalized in the first quarter of 2019. This is the final section of Central Ring Road, which is 96.5 kilometers long. According to the RDIF, “Under the terms of the concession agreement, the cost of construction is 85.4 billion rubles, of which the concessionaire will provide 49.7 billion rubles and private investors will provide 35.7 billion rubles.”
-
3 weeks agoNorges Bank Real Estate Management Buys Central Paris Property
-
3 weeks agoHedge Fund Paulson Buys BrightSphere Investment Group Stake from HNA Group
-
3 weeks agoBNY Mellon Investing in More Tech to Boost Private Wealth and Institutional Business
-
3 weeks agoAre Institutional Investors Falling for AQR’s Liquid Alts Gimmick?
-
2 weeks agoCairn Energy and Kosmos Energy are Welcomed Back to Investment Universe of Norway SWF
-
2 weeks agoShen Rujun to Lead Central Huijin Investment
-
2 weeks agoThe Crumbling Empire of Och-Ziff Capital
-
3 weeks agoShifting Political Movements Impact US Public Pension Plans