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SWFI First Read, November 17, 2015

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ChemChina Approaches CIC for Financial Backing in Syngenta Proposed Acquisition

State-owned China National Chemical Corporation (ChemChina) reached out to the China Investment Corporation (CIC) for financial assistance regarding the attempted acquisition of Syngenta AG, a Swiss pesticide manufacturer.

Sankaty Advisors Buys 4 CLOs from Regiment Capital Advisors

Sankaty Advisors, the global credit affiliate of Bain Capital, and Boston-based Regiment Capital Advisors, inked a deal that Sankaty will be buying the management contracts for four portfolios of collateralized loan obligations (CLOs) totaling US$ 1.6 billion of assets from Regiment. The management contracts to be transferred are for Cavalry CLO II, Ltd., Cavalry CLO III, Ltd., Cavalry CLO IV, Ltd., and Cavalry CLO V, Ltd. Berkshire Capital Securities, WilmerHale and Dechert LLP are serving as advisors to Regiment. Ropes & Gray LLP is acting as legal advisor to Sankaty.

Oman India Joint Investment Fund Seeks to Raise Money for Fund II

The Oman India Joint Investment Fund is seeking to raise US$ 300 million for its second fund. The fund is backed by the State Bank of India and Oman’s State General Reserve Fund.

Kessler Topaz Meltzer & Check LLP Files Class Action Against GNC Holdings

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Marina One and DUO Officially Open

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Khazanah Nasional Berhad and Temasek Holdings (Private) Limited announced the official opening of two major building projects, Marina One and DUO. Together the properties have a gross development value of 11 billion SGD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, January 16, 2018

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BP Plans to Take $1.7 Billion Charge to End Legal Claims on Deepwater Horizon

BP Plc is planning to take a US$ 1.7 billion charge to end legal claims regarding the disastrous 2010 Deepwater Horizon spill in the Gulf of Mexico.

Ethereum Co-Founder Leaves Fenbushi Capital

Vitalik Buterin, a co-founder of Ethereum, which is a cryptocurrency, exited China-based Fenbushi Capital. Fenbushi Capital was formed in 2015. Buterin is retaining his role as an advisor of Fenbushi Capital. Buterin dropped out of the University of Waterloo in 2014 when he got a Thiel Fellowship. This permitted him to work on Ethereum full time.

Kingdom Holding Sells Four Seasons Beirut Hotel Stake

Saudi Arabia’s Kingdom Holding sold its position in the Four Seasons Hotel in Beirut for roughly US$ 100 million. Blominvest, a unit of Blom Bank, advised on the transaction. The Four Seasons will continue to manage the property.

Mercer Signs Deal to Buy BFC

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Deutsche Bundesbank to Slowly Add Renminbi into Foreign Reserve Mix

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Deutsche Bundesbank’s executive board made a decision to invest in Chinese renminbi in the summer of 2017 as part of its foreign currency reserves. The German central bank on January 15, 2018, confirmed it will start investing in Chinese renminbi and also consider investing in additional foreign currencies. The move mimics the European Central Bank (ECB), which already considers the Chinese renminbi as a reserve currency. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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