Connect with us

SWFI First Read, February 26, 2017

Published

on

Chinese Government Capital Backs Haoqiao.cn

Haoqiao.cn is a Chinese hotel search and booking engine that was founded in 2013. Haoqiao has raised 120 million RMB (US$ 17 million) in a fresh Series B round from China Merchants Capital Investment Co. and China National SME Development Fund. This is the China National SME Development Fund’s second online travel company investment in 2017 so far. Haoqiao claims its 2016 revenue was around 900 million RMB (US$ 130 million). Haoqiao raised an angel round back in 2013 and a Series A round in 2014 both from IDG Capital. Hong Kong-based Shun Hei Capital also invested in Haoqiao.

Marc Benoiff Participates in Seed Round in Fossa

Marc Benoiff, Founder of Salesforce, invested in San Francisco-based Fossa, a provider of an open source management and license compliance tool. Bain Capital Ventures led the US$ 2.2 million seed round.

China Zhenhua Oil Inks Deal for Two Natural Gas Fields in Bangladesh from Chevron

Beijing-based China Zhenhua Oil Co.,Ltd. has agreed to acquire two natural gas fields in Bangladesh from Chevron. The transaction is valued at around US$ 2 billion. Founded in 2003, Zhenhua Oil is a state-owned energy company in China and is a unit of China’s defense industry conglomerate China North Industries Corporation (Norinco). Joining the deal is the China Reform Holdings Corporation Ltd, an investment entity under China’s State-owned Assets Supervision and Administration Commission (SASAC), which will take a 40% stake in the fields, while Zhenhua Oil will control the 60% share. This deal is not finalized and the Bangladesh government many intervene.

BDC Capital Participates in Venture Round in Roadmunk

Toronto-based Roadmunk, which builds visual platforms for product roadmap collaboration, has raised C$ 1.5 million in a recent round from Felicis Ventures, Garage Capital, Golden Venture Partners and BDC Capital.

Northern Trust Hires Fidelity for Record Keeping in the Northern Trust Company Thrift-Incentive Plan

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Antares Bain Capital Complete Financing Solution Backs symplr Deal

Published

on

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.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

PSP Investments Exits Antelliq

Published

on

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. ]

Continue Reading

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

Published

on

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. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.