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.”
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Ping An Good Doctor, formerly known as Ping An HealthCare and Technology Company, is a Chinese online healthcare platform that is part of Ping An Insurance (Group) Company. This unit is planning to be offered in a Hong Kong initial public offering that could raise as much as 8.8 billion HKD in shares at 50.80 or 54.80 HKD per share.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Singapore’s Temasek Holdings and France-based Schneider Electric are in talks to acquire Larsen & Tourbo’s electrical and automation business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
In February 2018, the California Public Employees’ Retirement System (CalPERS) allocated US$ 1 billion to an internally-managed QSI Global ESG strategy. The internally-managed strategy was developed by New York-based QS Investors, LLC, a subsidiary of Legg Mason. CalPERS entered into a 5-year contract with QS Investors, with a possible spend of over US$ 1 million per annum.
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