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SWFI First Read, February 6, 2018

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Saudi Telecom Signs MoU for Exclusive Broadcast Rights for Soccer

Saudi Telecom, which is majority owned by Saudi Arabia’s Public Investment Fund, signed a Memorandum of Understanding (MoU) with Saudi Arabia’s General Sports Authority to pay 6.6 billion SAR for exclusive rights to broadcast Saudi Arabian professional soccer matches over 10 years. The deal if closed would end the rights for MBC Group, which paid a 10-year broadcast agreement in July 2014 for an estimated 4.1 billion SAR. Saudi businessman Waleed Al-Ibrahim is the owner of MBC Group.

Macquarie Infrastructure and Real Assets to Purchase GLL Real Estate Partners

Macquarie Infrastructure and Real Assets, part of Macquarie, agreed to purchase 100% of GLL Real Estate Partners GmbH, a Munich-based real estate manager, from the company’s founding partners. GLL will still operate as its own brand for the time being. GLL has roughly €7 billion in assets under management and senior management will still run the business.

Sovereign Fund Capital Lines Up for AccorInvest Split

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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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