Connect with us

Why Temasek and Ontario Teachers’ are Betting on Smart Power Storage?

Published

on

With more renewable energy developments expanding across North America and Europe and advances in digital innovation, there is growing demand of storage technologies.

Asian sovereign funds, like GIC Private Limited and Temasek Holdings, and Canadian pensions such as PSP Investments, have been trying to identify cutting-edge technology companies in the energy storage space with solutions that can be scaled to market. Millbrae, California-based intelligent power storage provider Stem Inc. announced the closing of a US$ 80 million Series D round led by growth equity firm Activate Capital, which specializes in North American companies in the energy, transportation, and industrial technology industry. Activate Capital is based in San Francisco and one of its partners is Anup Jacob, a former Associate Director at Mubadala and former Partner at Masdar. Jacob also worked at the Virgin Green Fund, which was backed by Richard Branson’s Virgin Group.

The funding round, Stem’s tenth so far, also saw participation from the Ontario Teacher’s Pension Plan (OTPP) and Singapore’s Temasek Holdings, although exact figures remain confidential.

The AI Shtick in Smart Power

Stem Inc. touts the usage of artificial intelligence (AI) to build out and operate digitally-connected storage networks that aim to optimize the timing of energy use and help customers automate cost savings. Since arriving on the scene in 2009, Stem Inc. counts among its clients more than 30 Fortune 500 companies and eight utilities providers across North America and Tokyo Electric Power in Japan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Koch Brothers Kick Big Money into ERP Cloud Software Company Infor

Published

on

New York-based Infor is an enterprise cloud software company. Infor raised US$ 1.5 billion from existing shareholders, Golden Gate Capital and Koch Equity Development LLC. Koch Equity Development is the investment and acquisition subsidiary of Koch Industries, Inc. Infor has 17,300 employees. At fiscal year 2018, Infor claims it generated over US$ 3 billion in revenue. Infor states that over 72% of all hospitals in the United States run Infor applications. Infor could be heading toward an initial public offering (IPO) or possibly be acquired by a company like Oracle Corporation or Salesforce. Charles E. Phillips is the CEO of Infor and before heading it was Co-President of Oracle from 2003 to 2010.

On February 21, 2017, Koch Equity Development invested US$ 2 billion into Infor. Koch Industries was a customer of Infor before it became an investor in the company. Golden Gate Capital made its first investment in Infor in 2002.

Matt Flamini is the President of Koch Equity Development. Jim Hannan is Koch Executive Vice President and CEO of Enterprises for Koch Industries, Inc.

Continue Reading

Could Australia’s Future Fund Offer a Low-Fee Superannuation for its Citizens?

Published

on

Australia’s Scott Morrison government may soon allow the country’s Future Fund to offer low-fee superannuation accounts. Aware of the proposal, Prime Minister Morrison stressed that offering Australia a low-fee, government-managed superannuation fund as a default option is not government policy.

However, many proponents of this model believe it would create competition in the country’s US$ 2.7 trillion dollar retirement system. The Future Fund Chairman, Peter Costello, and economist Nicholas Gruen, CEO of Lateral Economics, put forth the idea, and it is quickly gaining support. This comes in the wake of Australians learning that they were losing US$ 3.8 billion annually in high-fee, underperforming accounts, and many were mistakenly being charged fees with no accompanying service provided. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Saudi and Other Gulf Country Bonds to Join JPMorgan Emerging Market Bond Index

Published

on

In a boost for Gulf-based debt, JPMorgan is adding their debt compositions to two influential emerging market bond indexes. These emerging market indexes are the most widely tracked among asset managers in the industry. Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, and Qatar are being added to the J.P. Morgan EMBI Global Diversified Index and the EMBI Global, starting January 31, 2019. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.