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SWFI First Read, September 7, 2017



OTPP Posts 3.7% 1H 2017 Return

Ontario Teachers’ Pension Plan (OTPP) generated a 3.7% return on its investments in the first half of 2017. Net assets for OTPP reached C$ 180.5 billion.

RDIF and TH Group to Allocate Capital into Russian Agriculture

On September 6, 2017, the Russian Direct Investment Fund (RDIF) and Vietnam’s largest agricultural conglomerate TH Group agreed to jointly invest in agricultural projects in Russia, with a focus on dairy farming and milk processing in the Far East of Russia. The agreement was signed prior to the Eastern Economic Forum in Vladivostok. TH Group has a number of units including TH Milk Food, Dalat Milk, TH Schools, May Forester Company, Nghe An Sugar Company (NASU), BacABank.

WuXi NextCODE Gets Extension to Series B Financing Round

WuXi NextCODE, a Chinese genomics company focused on sequencing and analyzing DNA, raised US$ 240 million in a Series B round that was led by Sequoia Capital China. Out of the US$ 240 million, US$ 165 million was extended and investing in that pool includes Sequoia Capital China, Temasek Holdings, 3W Partners and Yunfeng Capital.

CDPQ Executive Puscasiu Leaves to Presidio Investors

San Francisco-based Presidio Investors hired Chris Puscasiu as co-managing partner. Previously, he was at Caisse de dépôt et placement du Québec (CDPQ) as co-head of direct private equity.

First State Super Acquires a 70% Stake in Retirement Village Company Oak Tree Group

First State Super purchased a 70% ownership interest in Brisbane-based Oak Tree Group Pty. Ltd., a retirement living company with properties mostly in Queensland and New South Wales. Oak Tree Group was formed by Mark Bindon in 2006.

CDPQ and Ardian Eye Alvest

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SWFI First Read, March 21, 2018



GIC Lowers Stake in Tesco

On March 19, 2018, Singapore’s GIC Private Limited lowered its stake in Tesco PLC, a supermarket chain, from 3.1% to below 3%.

QuadReal Eyes London Diggs

QuadReal, the re-branded real estate unit of bcIMC, plans to open its first overseas office in London. QuadReal already has offices in Vancouver, Toronto and Calgary.

PGIM Hires Howard Nowell

Howard Nowell was hired by PGIM’s institutional relationship group as a managing director. Nowell is based in London. Nowell will focus on large institutional accounts in the United Kingdom and Europe. Previously, Nowell was a Managing Director focused on U.K. institutional clients at BlackRock.

PGIM is part of U.S.-based Prudential Financial, Inc.

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Franklin Resources to Acquihire Random Forest Capital



Franklin Resources, Inc. acquired San Francisco-based Random Forest Capital, LLC, an investment firm with expertise in data science and non-bank marketplace lending (areas of consumer, residential and commercial credit). Random Forest Capital was formed in 2016 and post-deal will join the Franklin Templeton Fixed Income Group investment team. In April 2017, Random Forest completed its seed round raising US$ 1.75 million from a pool of angel investors. Random Forest is co-founded by Austin D. Trombley, who worked on the data infrastructure and data strategy for online lender Prosper for two years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC and Hostplus Invest in DNA Testing Technology Company



Singapore’s GIC Private joined other investors in a £100 million round to invest in U.K.-based Oxford Nanopore Technologies Limited (ONT). Other investors in the round include China Construction Bank International (through CCB International (Holdings) Limited), Australian superannuation fund HostPlus (invested £11 million) and Oxford Nanopore’s existing investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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