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SWFI First Read, May 23, 2016

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Bayer Bids for Monsanto

Leverkusen-based Bayer AG put out an unsolicited US$ 62 billion all-cash offer to acquire St. Louis-based Monsanto Co.

Altico Capital Closes on 2 Indian Residential Deals

Altico Capital, a non-banking finance company backed by Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners, closed two real estate deals in India. Altico Capital closed a Rs 80 crore deal with Mumbai-based Shree Sai Group for a residential development called “The Nest” in Andheri West. The other residential project, Arena I, is a Rs 50 crore transaction with Noida-based Lotus Greens group located in Noida.

Claude Sirois Promoted to President of Ivanhoé Cambridge Retail

Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), named of Claude Sirois as President, Ivanhoé Cambridge Retail. He was Executive Vice President, Shopping Centres, North America, Ivanhoé Cambridge. The retail division is the biggest business unit in Ivanhoé Cambridge.

CIBC Mellon President to Retire End of Year

The President and CEO of CIBC Mellon, Thomas S. Monahan, plans to retire at the end of 2016. A transition plan is being formed as no successor has been named yet. CIBC Mellon, is a 50:50 joint venture between Canadian Imperial Bank of Commerce (CIBC) and BNY Mellon. It was originally formed in 1996 between CIBC and Mellon Financial Corporation.

Total and Oil Search to Split Up Assets in InterOil

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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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