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Temasek Holdings and RRJ Capital Invest in Kunlun Energy Offering

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Singapore sovereign wealth fund Temasek Holdings and private equity firm RRJ Capital purchased almost half of the shares of the US$1.34 billion offering by PetroChina Company Limited’s unit Kunlun Energy Company Limited. PetroChina Company Limited is the controlling shareholder of the company. Kunlun Energy is incorporated in Bermuda and is involved in the natural gas sector. It plans to use the money to fund acquisitions and grow its liquefied natural gas business. The company has two major exploration projects in Thailand and Indonesia. It also owns a large number of natural gas businesses in China.

Temasek Holdings is an investor in Clean Energy Fuels Corp, a United States based company that provides natural gas fuel for commercial transportation. Temasek Holdings and RRJ Capital subscribe to the notion that natural gas is a cheaper substitute to diesel fuel.

RRJ Capital was created by Richard Ong. RRJ Capital and Temasek Holdings grabbed US$ 600 million worth of shares in the offering.

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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