Malaysia’s Khazanah Nasional Berhad has elevated a number of investment officers in its Senior Leadership Team as part of its regular renewal of its upper management. The changes – which went into effect on April 1, 2018 – are in line with its ongoing leadership succession initiative, and supplement Khazanah’s ongoing institutionalization efforts, according to a press release.

Amran Hafiz Affifudin, who has served as the sovereign wealth fund’s Director of Investments since 2013, has been promoted to Executive Director of Investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Private equity firm BC Partners and the Ontario Teachers’ Pension Plan (OTPP) are leading an investor group to recapitalize Toronto-based GFL Environmental Inc. The transaction implies a total GFL enterprise value of approximately US$ 5.125 billion. GFL operates in the world of North American waste – or perhaps known as environmental solutions. GFL runs a network of more than 140 facilities across Canada and in Michigan. GFL was contemplating an initial public offering early in January, having hoped to raise US$ 800 million.

The deal is expected to close by June 30, 2018.

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With new leadership at the helm of the Fundo Soberano de Angola (FSDEA), new plans are being discussed on asset allocation. Mauritius government officials had froze assets of FSDEA’s main manager Quantum Global Group. A unit of Quantum Global Group managed seven investments funds on behalf of FSDEA.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]