Connect with us

SWFI First Read, November 27, 2018

Published

on

Small Number of Google Employees Protest Censored Search Engine Project for China

Alphabet Inc’s Google is moving forward on creating a search engine in China that allows for more censorship in a bid to have a larger presence in the country. The search app is known as Project Dragonfly. Google is facing complaints from its own employees, including engineers and managers, requesting the company end development over the censored search engine. Google knows that it needs Chinese communist party approval to compete with Chinese internet service comapnies.

Koch Brothers Get Stake in Getty Images

Koch Equity Development LLC is the private equity division of Koch Industries. Koch Equity Development is investing US$ 500 million via non-controlling preferred equity investment in Seattle-based Getty Images, an American stock photo agency. Getty Images was created in 1995 by Mark Getty and Jonathan Klein. Under the cash infusion, the Getty family will maintain control over Getty Images.

Can Malaysia be a Place for More Data Centers?

On November 26, 2018, the Alpha Data Centre Fund (Alpha DC Fund) and Keppel Data Centres Holding (Keppel Data Centres) signed agreements to construct and run their first greenfield data center in Malaysia. The data centre will be situated within an industrial park in Johor, Malaysia. Keppel Data Centres will lead the initial development and and subsequent facilities management of the data center.

Warburg Pincus Leads Round in Geek+

Beijing-based Geek+ is an artificial intelligence and robotics company. Created in 2015, Geek+ raised US$ 150 million in a Series B round led by Warbug Pincus. Other investors in the round include Singapore-based Vertex Ventures (owned by Temasek Holdings) and Volcanics Venture. Geek+ was created by Yong Zheng and its logistics solution is operational in mainland China, Hong Kong, Taiwan, Japan, Australia, Singapore, Europe, and the United States.

Deskera Raises Series A Round

Singapore-based Deskera, a maker of business management software for small businesses, raised US$ 60 million in a Series A round. Investors in the round include Jungle Ventures, Cisco Investments, Tembusu Partners, Susquehanna International Group (SIG), and Innoven Capital.

Antares Bain Capital Complete Financing Solution Backs symplr Deal

Published

on

On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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

Continue Reading

PSP Investments Exits Antelliq

Published

on

On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

Published

on

The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 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.