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SWFI – Movers and Shakers – January 14, 2015

Lagarde Appoints Chief Administrative Officer for the IMF

Christine Lagarde, managing director of the International Monetary Fund (IMF), made notice of her intent to appoint Carla Grasso to chief administrative officer of the IMF. This is a new role. Grasso will start her new role on February 2, 2015. Grasso spent 14 years at Vale S.A. serving as vice president for human resources and corporate services from 2001 to 2011. Before Vale S.A, Grasso was secretary of the Brazilian Supplementary Social Security Office from 1994 to 1997.

Brian Graff Named President of Private Finance at American Capital

Brian Graff has been promoted at Bethesda-based American Capital, Ltd. to president of private finance. He has been with American Capital since 2001. He has been a senior managing director since 2008. From 2000 to 2001, Graff was a principal of Odyssey Investments Partners, a private equity fund.

Nasdaq Hires Former Lewtan Technologies CEO

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CIC Sells 10% Logicor Stake to Blackstone Fund

The China Investment Corporation (CIC) is selling a 10% stake of in European warehouse firm Logicor Ltd to a real estate fund managed by The Blackstone Group. Furthermore, CIC also hired Blackstone to oversee and manage Logicor’s warehouses and logistic properties portfolio.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Fintech Affirm Raises $200 Million in Series E Led By Singapore’s GIC

Affirm Inc., a financial technology firm which provides instant loans to consumers as an alternative to credit cards for their online shopping, has raised US$ 200 million in a Series E round lead by Singapore’s GIC Private Limited, with participation from Khosla Ventures, Lightspeed Venture Partners, Spark Capital, Caffeinated Capital, and Ribbit Capital. The new infusion of capital brings the San Francisco-based company’s total funding to US$ 450 million and a reported valuation of US$ 2 billion.

The company is founded by Max Levchin, a co-founder of PayPal (part of the PayPal mafia, dubbed by the tech press). Max Levchin is also an advisory board member of the Consumer Financial Protection Bureau (CFSB) in the United States.

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CHANGE: Saudi Arabia to Re-Open Movie Theaters, PIF Inks MoU with AMC

The Saudi Arabian government is ending its 35-year ban on cinemas. Next year, the government will allow cinemas to open. This watershed moment provides opportunities for entertainment companies to invest in Saudi Arabia and the surrounding region.

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