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SWFI First Read, February 15, 2016

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NIIF May Consolidate Government Infrastructure Company Holdings

The Indian Ministry of Finance is considering moving a number of stakes held in infrastructure institutions into the newly-formed National Investment and Infrastructure Fund (NIIF). The sub fund of the NIIF could hold stakes in companies such as the Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and India Infrastructure Finance Company Ltd (IIFCL).

OMERS PE Sells Marketwired to Nasdaq

OMERS Private Equity has agreed to sell Marketwired L.P., a provider of investor and public relations services, to Nasdaq. Nasdaq has been expanding its presence in the investor relations space. For OMERS, BMO Capital Markets served as financial advisor, and Morrison & Foerster and Stikeman Elliott acted as legal counsel.

Tishman Speyer Acquires The Economist Plaza

Developer and investor Tishman Speyer acquired The Economist Plaza in London for around £132.5 million from the editorial group. The 3-building, mixed-use London complex was built in 1964 and is home to The Economist Group’s editorial headquarters. Following the deal, The Economist Group will lease back their occupied space in the Tower Building’s top four floors for a period of 18 months. The seller hired JLL to find a buyer.

Risk Parity Still Being Adopted by U.S. Pensions

The Virginia Retirement System (VRS) signaled to the investment industry that risk parity is still a relevant strategy in these markets. VRS committed US$ 250 million to a fund managed by Bridgewater Associates called Bridgewater Optimal Portfolio. The allocation will be in the VRS’ strategic opportunities portfolio. VRS witnessed encouraging results in its strategic opportunities portfolio. Another recent allocation to risk parity by a U.S. pension was San Joaquin County Employees’ Retirement Association’s decision to hire PanAgora Asset Management to implement the strategy.

ST Telemedia to Acquire Tata Data Center Business

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Ascendas-Singbridge Acquires Three Hotels in Osaka

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Singapore’s Ascendas-Singbridge has acquired three hotels in Osaka for 10.29 billion JPY to tap tourism growth in Japan’s third-largest city.

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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