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SWFI First Read, November 8, 2015

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Institutional Investors Examine Northern Australia

Australia’s far north has received far fewer infrastructure investments compared to other regions of the country. However, the north attributed with a more tropical climate, has drawn the attention of some mega institutional investors and global corporations. Australian Minister for Trade and Investment Andrew Robb is hoping the 3-day Northern Australia Investment Forum, based in Darwin, will start getting investors thinking about the Northern half of Australia. Some of the expected attendees include: China Investment Corporation (CIC), Korea Investment Corporation (KIC), Saudi Agricultural Livestock Investment Company, India’s Bharat Biotech International and São Paulo-based JBS S.A.

BlackRock Watch Out, Amundi is Ready

Paris-based Amundi just raised a fresh load of cash and has €954 billion in assets under management. Amundi’s CEO Yves Perrier made it clear he wants to build a massive global brand by making a number of future acquisitions. Perrier was also a force behind the creation of Amundi. With €1.3 billion ready to be deployed and a goal to keep 40% of annual earnings for future deals, Amundi is looking to seize market share.

KKR and The Chernin Group Form Asian Media Venture

KKR and Los Angeles-based The Chernin Group, LLC formed Emerald Media, a new fund to target media and entertainment assets in Asia. KKR committed US$ 300 million to the venture, through its KKR Asian Fund II, while the Chernin Group will join as a minority co-investor. Furthermore, KKR acquired a minority interest in CA Media, the existing Asian media portfolio of The Chernin Group. The Chernin Group touts backers such as Providence Equity Partners, LLC and Qatar Holding.

S&P Dow Jones Indices Launch 2 New Smart Beta Pan-Arab Indices

Late last month, S&P Dow Jones Indices launched the S&P Pan Arab Low Volatility High Dividend Index and the S&P Pan Arab Composite Shariah Dividend Index which includes the highest dividend paying stocks – consistent with Islamic finance principles.

PUSHBACK: Qatar Airways CEO Says Few Companies Can Meet Stringent Standards Set by Authorities

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Alibaba Invests in Series C in 1919 Wines

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On October 18, 2018, Alibaba Group Holding Limited, through Alibaba (China) Network Technology Co., Ltd, invested some 2,000,000,065.08 RMB (US$ 288,447,000) for 39,277,299 shares in a Series C round into 1919 Wines & Spirits Platform Technology Co., Ltd., a Chinese alcohol beverage e-commerce retailer. Post-deal, Alibaba owns about 29% of the company shares and became the second largest shareholder of 1919 Wines. The transaction values 1919 Wines at 7 billion RMB.

GF Securities Co., Ltd. advised 1919 Wines on the transaction.

Formed in 2010, 1919 Wines is based in Chengdu. 1919 Wines owns retail portals, phone apps, and offline stores.

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Nomura and CIC Contemplate Joint Investment Fund

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Japan-based Nomura Holdings is in talks with the China Investment Corporation (CIC) on forming a new investment fund. The fund could be receive commitments up to US$ 1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Holdings Dumps More of Celltrion

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On October 22, 2018, Singapore’s Temasek Holdings, through its sovereign wealth enterprise (SWE) Ion Investments, entered into its second block deal in selling shares in Celltrion, a South Korean bio-pharmaceutical company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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