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SWFI First Read, September 7, 2017

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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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Angolan Government Cancels Port Concession, Reviews Others

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Atlantic Ventures SA, which has ties to Isabel dos Santos (daughter to former Angolan president,) lost its concession rights to construct a US$ 1.5 billion port – the Barra do Dande port – near Luanda. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Egyptian Parliament Passes Draft Law on Misr Fund

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Egypt’s state news agency revealed the country is forming a sovereign wealth fund with initial capital of 5 billion Egyptian pounds, with 1 billion Egyptian pounds of that amount being immediately transferred from the Egyptian public treasury. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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