SWFI First Read, July 25, 2017
USS Acquires Roughly 11% Stake in Kemble Water Holdings
The Universities Superannuation Scheme (USS) has agreed to buy an approximate 10.94% stake in Kemble Water Holdings, the parent company of Thames Water, the largest regulated water utility in the U.K. USS will become the third largest shareholder in Kemble Water, joining investors such as Dutch funds ABP and PFZW. The sellers of the stake include OPTrust, Alberta Investment Management Corporation (AIMCo) and QSuper, an Australian superannuation fund.
PPF CEO to Step Down in Early 2018
Alan Rubenstein, CEO of London-based Pension Protection Fund (PPF) plans to step down early in 2018. PPF Chairman Arnold Wagner has initiated an executive search for a replacement.
SC Capital Raises $451.5 Million for Inaugural SCORE Fund
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