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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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SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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