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SWFI First Read, February 17, 2017

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HNA Group Buys Small Stake in Deutsche Bank

China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank.

GIC Sold Some Shares in CGN Power Co., Ltd

Singapore’s GIC Private Limited lowered its stake in CGN Power Co., Ltd (China General Nuclear Power Group) from 5% to 4.8%. GIC sold 25,382,000 H shares in the company at the average price of HK$ 2.41 per share.

Mapletree Investments Buys Oakwood Worldwide

Singapore-based Mapletree Investments Pte, a real estate development, investment and capital management company, has acquired Los Angeles-based Oakwood Worldwide, a provider of corporate housing and serviced apartment solutions. The acquisition covers all of Oakwood’s global operations. Christopher Ahearn will take over as CEO of Oakwood Worldwide. Ahearn was Oakwood’s senior vice president of sales and marketing from 2005 to 2010, later serving as a Senior Advisor at TPG Capital.

At the moment, all of Mapletree’s nine corporate housing and serviced apartment assets in the United States and Australia are managed under the Oakwood brand as part of a collaboration signed in 2014. The collaboration also saw Mapletree acquire a 49% stake in Oakwood’s Asia Pacific operating arm, Oakwood Asia Pacific. Temasek Holdings controls Mapletree Investments.

Korean Insurance and Public Funds Acquire Stake in National Grid Gas Distribution Through Secondary Deal

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Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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