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SWFI First Read, February 10, 2018

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CPPIB Releases 3Q Results

Canada Pension Plan Investment Board (CPPIB) ended its third quarter of fiscal 2018 on December 31, 2017, with net assets of C$ 337.1 billion, compared with C$ 328.2 billion at the end of the previous quarter.

China Life Award Mandate to GLP

China Life and Singapore-based Global Logistic Properties (GLP) formed a China value-add logistics and industrial property fund. The fund has total equity commitments of 10 billion RMB. China Life is the sole investor in the fund. GLP China will manage the fund and contribute seed assets to the venture.

GIC Part of Investor Group Making Bid for ADT Caps

CVC Capital Partners, Brookfield Asset Management and GIC Private Limited formed an investor group to make a final bid for ADT Caps, a South Korean security and alarm company. ADT Caps is owned by The Carlyle Group. The investor group lured Korean institutions to back the financing of the buyout such as KEB Hana Bank, Hana Financial Investment Co. Ltd. and Samsung Securities Co. Ltd. The sale of ADT Caps is being administered by Morgan Stanley.

Aberdeen Standard Investments Launches Global Private Markets Fund

Aberdeen Standard Investments created the Global Private Markets Fund, an open-ended fund that will invest in infrastructure, real estate, private credit and private equity. The fund’s initial investor is a Standard Life pension fund.

ATP Generates 29.5% Return in its Investment Portfolio for 2017

Denmark-based ATP generated a 29.5% on its investment portfolio in 2017. Equity risk factors accounts for 44% of the portfolio.

Scatec Solar Places Big Solar Bet in Bangladesh

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Oslo-based Scatec Solar ASA, a publicly-traded independent power producer operating in the emerging market solar development space, plans to construct and own a 800 mega watt photovoltaic solar power plant in Chandpur, Bangladesh. Scatec Solar has solar assets scattered across numerous emerging markets such as South Africa, Rwanda, Honduras, Egypt, Jordan and the Czech Republic.

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APFC Sells $1.4 Billion Stake in Simpson Housing

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The Alaska Permanent Fund Corporation (APFC) embarked on a major shift in its real estate portfolio by selling a 50% ownership stake in Denver-based Simpson Housing LLLP for US$ 1.4 billion. Simpson Housing had made up roughly 24.7% of APFC’s US$ 5.6 billion real estate portfolio. The other owner of Simpson Housing is that State of Michigan Retirement Systems.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ISIF Invests in Cybersecurity Firm Vectra

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The Ireland Strategic Investment Fund (ISIF) committed €10 million to Vectra Networks, Inc., a San Jose, U.S.-based cybersecurity company. The investment capital will assist Vectra in creating a research and development center in Dublin.

ISIF is part of a larger funding round of €30 million. These other investors include Khosla Ventures, Accel Partners, DAG Ventures, AI Ventures, AME Cloud Ventures and Wipro Ventures.

Kevin Dillon, who is the former Head of Microsoft Ireland and a Managing Partner at Atlantic Bridge, will join the board of directors at Vectra.

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