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Korea Investment Corporation Hires Tudor Investment Veteran

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midwestThe Korea Investment Corporation (KIC), the US$ 24.8 billion Korea sovereign wealth fund, has hired Scott Kalb to be their Chief Investment Officer. Scott Kalb is a Tudor Investment Corporation veteran. Kalb has worked at other asset management firms as well, replacing former Chief Investment Officer Guan Ong. Guan Ong plans to start his own firm.

Kalb was a Managing Director at Citigroup’s Smith Barney International Asset Management.

The KIC is a new sovereign wealth fund, managing the nation’s foreign currency reserves on behalf of the Bank of Korea. The government of South Korea plans to augment the assets managed by the KIC to US$ 50 billion by 2010. The KIC invested US$ 2 billion in Merrill Lynch early last year before the brokerage firm was bought by Bank of America. Bank of America has suffered heavy financial losses in recent quarters.

Antares Bain Capital Complete Financing Solution Backs symplr Deal

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On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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PSP Investments Exits Antelliq

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On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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