Alternatives

CDPQ to Acquire Minority Stake in Sebia

Caisse de dépôt et placement du Québec (CDPQ) acquired a minority stake in Sebia SA from private equity firms Astorg Asset Management and Montagu Private Equity. Sebia is a global multi-specialty in-vitro diagnostics company focusing on oncology, genetic haemoglobin and metabolic disorders; the company is headquartered in Lisses, France.[ Content protected for Sovereign Wealth Fund […]


Subs and Streaming, Temasek Invests in PCCW Media

Sovereign funds, like other venture capital funds, are placing bets on Asian media subscription companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Could Norway’s Sovereign Wealth Fund Become a Major Private Equity Investor?

Norway’s Ministry of Finance has convened a panel of experts to see if Norway’s Government Pension Fund Global (GPFG) should invest in unlisted companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


private equity

Sovereign Wealth Fund Invested in Potential iPhone Killer

Countless sovereign funds and pensions have both direct and indirect exposure to Apple Inc. stock. Palo Alto-based Essential Products Inc. was formed on November 9, 2015 by Andy Rubin, the founder of Android, a mobile phone operating system. Google had acquired Android Inc. in 2005. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


With KKR’s Internet Brands Buying WebMD, Temasek Gets Exposure

In late July, KKR & Co. moved to buyout WebMD for US$ 66.50 per share in an all-cash tender offer, giving the company a value of US$ 2.8 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Leads Series B Round in Hangzhou Just Biotherapeutics

Institutional investors are taking a deeper look into China’s healthcare sector, especially in the area of biotherapeutics. Singapore’s Temasek Holdings led a Series B round in Hangzhou Just Biotherapeutics, Ltd. (Just China), a company focused on developing global antibody and recombinant protein bio-therapeutics. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


Temasek Participates in Series B Round in Homology Medicines

Sovereign wealth capital keeps on targeting gene editing companies. Gene editing could have major implications on global health. China has been very aggressive in the field of gene editing in recent years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Chinese P2P Lender Dianrong

Shanghai-based Dianrong has raised US$ 220 million from a group of investors led by Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SoftBank Fund Moves Money into Slack and WeWork, Eyes Flipkart

Japan’s SoftBank Group, which oversees the massive Vision Fund, moved money into two notable startups. The Vision Fund is backed by a host of entities, including sovereign wealth fund capital and tech giants like Apple and Qualcomm. SoftBank and Hony Capital kicked in US$ 500 million to WeWork, a real estate company providing flexible leasing […]


SWFI First Read, July 29, 2017

Sam Loughlin Out at Lone Star Funds Sam Loughlin, President of North America of Lone Star Funds has stepped down. Loughlin is being replaced by Nick Beevers. Nick Beevers joined Lone Star Funds in 2011. In the United States, Lone Star Funds is active in the non-performing mortgage space. Lone Star Funds, through its affiliated […]


Telecon Gets a Boost of Capital

On July 13, 2017, Montreal-based Telecon Inc., a telecommunication network services provider, revealed that it raised $70 million in equity financing. The financing was led by Canadian private equity firm Clearspring Capital Partners, which is getting a 35% stake in Telecon. Caisse de dépôt et placement du Québec (CDPQ) is maintain a 30% ownership stake […]


Temasek Holdings Co-Leads Investment Round in VR Company Within

Emerson Collective LLC, an entity owned by Laurene Powell Jobs (widow of Steve Jobs, co-founder and former chief executive officer of Apple Inc) and Temasek Holdings led a US$ 40 million round in Los Angeles-based Within, Inc., a virtual-reality (VR) company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


OMERS Makes Money on Civica, Sells to Partners Group

Partners Group beat out rivals to acquire U.K.-based software company Civica from OMERS Private Equity, a unit of OMERS, in a deal valuing the company at roughly £1.055 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ANTI-DESPACITO: SoftBank Vision Fund Backing AI and Farming Startup Plenty

The SoftBank Vision Fund continues to back just about every major startup in the AI space. The fund recently backed San Diego-based Brain Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SoftBank Vision Fund Leads Series C in Brain Corporation

San Diego-based Brain Corporation, a artificial intelligence (AI) startup focused on self-driving technologies, raised US$ 114 million in a Series C round. The Series C round was led by the SoftBank Vision Fund. Other investors in the round include Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures was Brain’s first institutional investor. The […]


OTPP Acquires Memora from 3i Group

The Ontario Teachers’ Pension Plan (OTPP) is building a platform of European funeral businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS CIO Dreams of Going Direct

The California Public Employees’ Retirement System (CalPERS), surpassing US$ 300 billion in assets, is contemplating going direct. Essentially, CalPERS is seeing its peers such as Canadian pensions and sovereign funds saving money and directly investing into companies without the fingerprints of private equity handlers. CalPERS CIO Theodore Eliopoulos at a board retreat in Monterey, California, […]


SWFI First Read, July 18, 2017

Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group […]


NSSF

Desktop Metal Raises Series D, Sovereign Funds Participate

Google-backed startup, Desktop Metal, Inc., has just raised US$ 115 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 14, 2017

ADNOC Explores Opening up Service Stations Unit The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. ADNOC considering all options for the service stations unit, including not having an IPO. ADNOC’s service station distribution includes an excess of 300 […]