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Temasek and Kuehne + Nagel Form Tech Startup JV

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Singapore’s Temasek Holdings and Kuehne + Nagel International AG, a global logistics company, signed a Memorandum of Understanding (MoU) to form a joint venture to globally invest in early stage companies that can impact the world of logistics and supply chains. The venture will pursue investments in the fields of big data, predictive analytics, blockchain, artificial intelligence (AI) and robotics.

According to the press release, Tan Chong Lee, President & Head, Europe and South East Asia, Temasek states, “The opportunities presented by the growth of technology and its application across sectors have been an increasing focus for Temasek. We are pleased to partner Kuehne + Nagel in this joint venture, and believe the collaboration will allow us to further identify and support growing companies at the forefront of technological development in the logistics industry.”

Kuehne + Nagel operates four key divisions: Seafreight, Airfreight, Overland, and Contract Logistics. On January 4, 2016, Kuehne + Nagel opened its 50,000 square meter Singapore Logistics Hub facility, which is located at Pioneer Crescent.

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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