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SWFI First Read, May 17, 2017

APG Continues to Play in Dutch Residential Leasing Market

APG Asset Management is part of a group of investors to kick in an additional €280 million into a portfolio of Dutch residential rental properties overseen by Rotterdam-based Vesteda. The money will target opportunities in the areas of Ranstad, Brabant and other cities in Netherlands. Vesteda was advised by Kempen & Co on the capital raise.

Minnesota SIB Plans to Draft Inaugural Investment Beliefs Statement

The Minnesota State Board of Investment plans to join the crowd of U.S. public pension plans drafting investment beliefs. The investment belief statement for the pension system plans to be reviewed at the August 14, 2017 investment committee advisory meeting. In addition, the pension plan asked one of its consultants, PCA, to analyze and review the environmental, social and governance (ESG) policies of the system’s external fund managers. Those findings are due by November 20, 2017.

China Development Bank Leads Venture Funding Round for Chinese app maker Wacai

China Development Bank Capital, a subsidiary under China Development Bank (CDB), led a US$ 42 million funding round for Wacai, a Chinese provider of personal finance apps. Other investors in the round were New Horizon Capital, Qiming Venture Partners, CBC Capital and Ally Bridge Group. Wacai was formed in 2009.

Sigit Prasetya Named Head of Asia for CVC Capital Partners

CVC Capital Partners named Sigit Prasetya as head of Asia. This is a promotion. Previously, he was a Managing Director at CVC Capital Partners. Prior to joining CVC in 2007, Prasetya was Head of Southeast Asia for Henderson Equity Partners.

First State Investments Hires Former Deutsche Asset Management Client Executive for North American Distribution Role

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SWFI First Read, November 19, 2017

Mubadala Petroleum Sees Opportunities in Mexican Upstream and Downstream

Mubadala Petroleum, a unit of Mubadala Investment Company, is studying investment opportunities in Mexico. The opportunity set is both in upstream in oil production, or in downstream sectors. Mubadala recently invested heavily in the Gulf coast.

OMERS-Backed CEDA International Corporation Acquires Joe Loomis Trucking

In 2005, Borealis Infrastructure, a unit of OMERS, had acquired CEDA International Corporation (then known as CEDA Holdings Limited) from Precision Drilling Corporation for C$ 274 million. CEDA International Corporation was moved into the portfolio holdings of OMERS Private Equity, another unit of OMERS. On November 16, 2017, CEDA International Corporation acquired Dawson Creek, British Columbia-based Joe Loomis Trucking Limited.

IMF Believes Kuwait Government Needs $100 Billion Over Next 5 Years for Gross Financing Needs

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Ontario Teachers’ Takes to the Seas with Atlantic Aqua Farms Acquisition

The Ontario Teachers’ Pension Plan (OTPP) has made its first investment in the rising aquaculture industry with the acquisition of Orwell Cove-based Atlantic Aqua Farms, Inc. (AAF) and its affiliated entities from San Francisco-based private equity firm Encore Consumer Capital, through its Encore Consumer Capital Fund L.P., for an undisclosed amount. Estimates of the deal’s value, however, place it at over C$ 100 million. Encore Consumer Capital put AAF for sale back in March 2017.

Based out of Canada’s Prince Edward Island, AAF is the largest grower and processor of the region’s famed blue mussels under the brand names Canadian Cove, Confederation Cove, and J.P.’s shellfish. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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UAE Prepares ADNOC Distribution IPO

The Abu Dhabi National Oil Company (ADNOC) embarked on plans to sell a minority stake of 10% or more in its fuel distribution unit in an initial public offering on the Abu Dhabi Securities Exchange (ADX) scheduled for December of 2017. ADNOC Distribution is the largest fuel distributor in the United Arab Emirates with 67% of the market share by number of retail service stations and benefits from a “stable and predictable” market-pricing regime, according to a company statement.

The offering will consist entirely of existing stock held by ADNOC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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