SWFI First Read, May 23, 2017
Ping An Insurance Leads Series A in Huya
China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, Banyan Capital, Morningside Venture Capital, Huya CEO Dong Rongjie, YY Inc Chairman David Li. Huya was founded in 2014.
Sunsuper and State Super Exits LBC Tank Terminals
Ardian inked a deal to acquire a 35% stake in LBC Tank Terminals from Sunsuper and State Super, exiting from their investment. APG Investment Management and PGGM will retain their stakes in LBC Tank Terminals.
Commerz Real Buys Seattle Facebook Office
German fund manager Commerz Real, on behalf of its open-ended fund HausInvest, acquired Facebook’s office building in Seattle known as the Dexter Station building, for US$ 286 million. Investing alongside Commerz Real is RFR Group. RFR Group will manage the property. The seller of Dexter Station was Stockbridge Capital Group.
Samruk-Kazyna Seeks to Borrow $3 Billion from CDB
Samruk-Kazyna has plans to borrow US$ 3 billion from the China Development Bank (CDB). The borrowing could be completed by June 2017.
HSBC Global Asset Management Hires for Responsible Investment Intrigue
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