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Welltower Forms Partnership with QIA

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Toledo, Ohio-based Welltower Inc. is a real estate investment trust (REIT) that owns interests in properties in the United States, Canada, and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. The Qatar Investment Authority (QIA), through a sovereign wealth enterprise (SWE), acquired a US$ 300 million interest in the company through common stock. QIA also has an option to acquire an interest in a development pipeline of urban senior living communities.

QInvest acted as financial advisor to QIA on the transaction.

Another Deal

On the same day, Welltower announced new off-market investment volume of US$1 billion at a blended cap rate of 6.4% comprised of 11 separate seniors housing and medical office transactions. Welltower is under contract to acquire a 75% ownership interest in two medical office buildings under development in Charlotte, North Carolina to be delivered in Q2 and Q3 of 2020. Both buildings are 100% master-leased to Atrium Health for 15 years. As part of this transaction, Welltower will form a joint venture with U.S. southeast developer Pappas Properties.

On July 26, 2018, Welltower finalized its acquisition of Quality Care Properties Inc.

Antares Bain Capital Complete Financing Solution Backs symplr Deal

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On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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PSP Investments Exits Antelliq

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On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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