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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.

Rumors Swirl Around PIF Looking at Tesla Rivals

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Saudi Arabia’s Public Investment Fund (PIF) could be doubling down on electric automobile manufacturers. It was revealed that PIF has a sizeable stake in Tesla Inc. Elon Musk’s recent tweets have stirred up financial media and has even prompted an SEC probe.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DLF-GIC to Kick in Rs 12.5 Billion for Midtown Project

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Indian real estate giant DLF, which has worked with Singapore’s GIC Private Limited in the past, is working on a new housing project in central Delhi dubbed Midtown. Large residential real estate projects in India’s capital are difficult to come by. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA-Glencore Stake Valued at 7.4 Billion euros

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QHG Oil Ventures is selling a 14.2 % stake in Moscow-based Rosneft for €7.4 billion (US$ 8.4 billion) to the Qatar Investment Authority (QIA). This is according to a QHG financial statement. QHG Oil Ventures is a joint venture between the Qatar Investment Authority and Glencore, a Swiss-based, broad-spectrum mining and commodity company. QHG Oil Ventures was originally formed to invest in Rosneft. QHG purchased a 19.5 % stake in the company in 2016, in a deal that supplied Russia with needed funding at the time, and the estimated value of the investment has remained steady. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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