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Temasek Builds Stake in Brazil’s Clinica SiM

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Singapore’s Temasek Holdings has reportedly bought a stake in Brazilian clinic operator Clinica SiM as part of a transaction closed late in the fourth quarter of 2017. The size and terms of the deal have been kept confidential. Previous investors in Clinica SiM include a number of local financiers, including Rodrigo Calvo Galindo of Kroton Educacional S.A., Devry Brasil’s Carlos Filgueiras, and venture capital firm Monashees. SiM stands for Serviço de Inclusão à Medicina, or “Inclusion Service to Medicine”.

Affordable Healthcare on Demand

Established in 2007 by Denis Cruz, Clinica SiM is a publicly-owned company that aims to provide the some 150 million Brazilians without private health insurance access to affordable primary and dental care through its network of 15 private clinics focused primarily in the northeastern states of Ceará and Pernambuco. The company’s strategically located anchor clinics provide patients access to low-cost consultations in 25 specialties – including cardiology, gastroenterology, and neurology – while surrounding satellite clinics focus on more basic services such as dentistry and family health. Clinica SiM’s out-of-pocket, insurance-free revenue model allows it to streamline costs by retaining only necessary medical and administrative staff.

Changing the Healthcare Model in Brazil

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CalPERS Commits $5 Billion Toward US Enhanced Equity Strategy

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The California Public Employees’ Retirement System (CalPERS) moved US$ 5 billion toward an internally-managed U.S. enhanced equity strategy. This falls under the global equity bucket at CalPERS.

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Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

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Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Adds to Existing Investment in Central London

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On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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