Connect with us

SWFI First Read, March 7, 2018



Gary Cohn Leaves White House

On March 6, 2018, National Economic Council Director Gary Cohn, the top White House economic policy adviser, resigned. Financial news reports the resignation is over U.S. President Donald Trump’s position on tariff policy.

S&P Global Acquires Kensho

S&P Global acquired Kensho, a Cambridge, Massachusetts-based
provider of artificial intelligence (AI) analytics for a price tag of roughly around US$ 550 million in cash and stock. Goldman Sachs was an early backer and adopter of Kensho and its products. In 2017, S&P Global led a US$ 50 million investment into Kensho at a valuation of US$ 500 million.

Keith Fujii to Head LaSalle Investment Management in Japan

LaSalle Investment Management named Keith Fujii as CEO and president of Japan. Fujii will be based in Tokyo. Fujii will become representative director and president of LaSalle Investment Management K.K., and join the board of directors at LaSalle REIT Advisors K.K., asset manager to the company’s Japan logistics REIT, LaSalle Logiport REIT. Previously, he was CEO of Ishin Hotel Group.

Victory Capital Increases Position in Cerebellum Capital

Victory Capital Holdings increased its ownership position in Cerebellum Capital, a hedge fund. In December 2016, Victory Capital Holdings made its first investment in Cerebellum Capital. At the end of 2017, Cerebellum Capital managed US$ 391 million according to ADV filings.

Melina Barber to Exit Harvard Management Company

Melina Barber, a Managing Director at Harvard Management Company (HMC), plans to leave the entity at the end of the month. Barber works in private equity at HMC. Barber moving over to Pilot House Associates, which manages money for billionaire Amos Hostetter Jr. Hostetter Jr. is an American businessman, who was the founder, chairman, and CEO of Continental Cablevision.

Ivanhoé Cambridge Aligns Interest, Buys Stake in Peel Logistics Property

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

Goldman Sachs Buys Weyerhaeuser Spin Off AM Unit from Lindsay Goldberg



Increasingly, Goldman Sachs is buying up small alternative asset management groups across the United States. Goldman Sachs Asset Management (GSAM) is part of Goldman Sachs Group. GSAM inked a deal to purchase Aptitude Investment Management LP, a hedge fund-of-funds manager, from Lindsay Goldberg & Bessemer II AIV LP, a vehicle managed by Lindsay Goldberg. Aptitude Investment Management oversees around US$ 3.5 billion in discretionary assets. Aptitude Investment Management operates out of Seattle and Vancouver, British Columbia.

Before the creation of an in-house unit at Weyerhauser, Morgan Stanley was the sole investment manager of Weyerhauser’s retirement assets. Salim Shariff, formerly of Morgan Stanley Alternative Investment Partners, and Jeff Klein were hired as CIO and Deputy CIO of Weyerhaeuser Asset Management LLC in 2004. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

GIC Gets Exposure to Exchange Tower through Primewest Vehicle



Singapore’s GIC Private Limited funded a deal through a fund to acquire the Exchange Tower in Perth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

SWFI First Read, December 13, 2018



Turkey Wealth Fund Could Tap Debt Markets in 2019

Turkiye Varlik Fonu or Turkey Wealth Fund could be issuing a large bond in 2019. The loan would most likely be short term in nature with a maturity of two years and be syndicated.

Rahm Emanuel Suggests Bonds to Help Support Chicago Pensions

The outgoing Chicago Mayor Rahm Emanuel revealed a plan on possibly issuing US$ 10 billion in bonds in funding Chicago’s underfunded pension funds. Chicago’s four pension funds have an average funding ratio of 26%. In March 2016, the Illinois Supreme Court ruled an earlier pension reform law effecting employees and laborers’ pension funds that was signed by then Illinois Governor Pat Quinn that the law was unconstitutional.

SoftBank and Alibaba Back PT Tokopedia

PT Tokopedia is an Indonesian generalist e-commerce site. Tokopedia raised US$ 1.1 billion in an investment round led by the SoftBank Vision Fund and Alibaba Group. Softbank Ventures Korea and other investors participated in the round as well. William Tanuwijaya is the CEO and Co-Founder of Tokopedia.

Tikehau Capital and Total SA Form Low Carbon Fund

Tikehau Capital and Total SA created a private equity fund to focus on supporting the energy transition to cleaner sources of energy. The fund held a €350 million first close and raised money from investors such as Bpifrance and Groupama as anchor investors.

Continue Reading


© 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.