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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, November 19, 2017

Mubadala Petroleum Sees Opportunities in Mexican Upstream and Downstream

Mubadala Petroleum, a unit of Mubadala Investment Company, is studying investment opportunities in Mexico. The opportunity set is both in upstream in oil production, or in downstream sectors. Mubadala recently invested heavily in the Gulf coast.

OMERS-Backed CEDA International Corporation Acquires Joe Loomis Trucking

In 2005, Borealis Infrastructure, a unit of OMERS, had acquired CEDA International Corporation (then known as CEDA Holdings Limited) from Precision Drilling Corporation for C$ 274 million. CEDA International Corporation was moved into the portfolio holdings of OMERS Private Equity, another unit of OMERS. On November 16, 2017, CEDA International Corporation acquired Dawson Creek, British Columbia-based Joe Loomis Trucking Limited.

IMF Believes Kuwait Government Needs $100 Billion Over Next 5 Years for Gross Financing Needs

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Ontario Teachers’ Takes to the Seas with Atlantic Aqua Farms Acquisition

The Ontario Teachers’ Pension Plan (OTPP) has made its first investment in the rising aquaculture industry with the acquisition of Orwell Cove-based Atlantic Aqua Farms, Inc. (AAF) and its affiliated entities from San Francisco-based private equity firm Encore Consumer Capital, through its Encore Consumer Capital Fund L.P., for an undisclosed amount. Estimates of the deal’s value, however, place it at over C$ 100 million. Encore Consumer Capital put AAF for sale back in March 2017.

Based out of Canada’s Prince Edward Island, AAF is the largest grower and processor of the region’s famed blue mussels under the brand names Canadian Cove, Confederation Cove, and J.P.’s shellfish. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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UAE Prepares ADNOC Distribution IPO

The Abu Dhabi National Oil Company (ADNOC) embarked on plans to sell a minority stake of 10% or more in its fuel distribution unit in an initial public offering on the Abu Dhabi Securities Exchange (ADX) scheduled for December of 2017. ADNOC Distribution is the largest fuel distributor in the United Arab Emirates with 67% of the market share by number of retail service stations and benefits from a “stable and predictable” market-pricing regime, according to a company statement.

The offering will consist entirely of existing stock held by ADNOC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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