Alternatives
tibbles

SWFI First Read, June 21, 2017

Former Shutterfly CEO Joins Vision Fund Jeffrey T. Housenbold, the former CEO of Shutterfly, Inc., has joined SoftBank Group as a senior investing member of the massive Vision Fund. Bidders Lineup for Senior Housing Business of LendLease China-based Cindat Capital Management, The Blackstone Group and GIC Private Limited are among a group of suitors for […]


Can Uber Survive as Co-Founder Kalanick is Driven Out?

San Francisco-based Uber Technologies has revolutionized the ride-hailing app industry, spawning copycats in markets such as Singapore, China, and the Middle East. In addition, Uber attracted capital from all sorts of entities, including sovereign funds. Uber had propelled itself to a US$ 70 billion unicorn, attracting Saudi money and operating in more than 70 country […]


AIMCo, MSD Partners and CCMP Capital to Buy Swimming Pool Equipment Company

CCMP Capital Advisors, LP and MSD Partners, L.P. and including Alberta Investment Management Corporation (AIMCo) had entered into a definitive agreement to Elizabeth, New Jersey-based Hayward Industries, Inc., a residential and commercial swimming pool equipment company that was founded in 1925. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Apollo Global and Ontario Teachers Acquire Majority Stake in CareerBuilder

McLean, Virginia-based TEGNA Inc., Chicago-based Tribune Media and McClatchy are selling ownership positions in CareerBuilder LLC, a job website, to an investor group led by Apollo Global Management and Ontario Teachers’ Pension Plan (OTPP). TEGNA was the majority owner of CareerBuilder, selling its stake for US$ 250 million, taking its stake from 53% down to […]


India deals

GIC and Blackstone Get Away with Rare Indian Dividend Recap

The Blackstone Group and Singapore’s GIC Private Limited did a dividend recapitalization with Bangalore-based Mphasis Limited, an Indian outsourcing company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund Invests in Video Analytics Firm Conviva

Foster City, California-based Conviva raised US$ 40 million in a recent round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Likes to Seed Former Employee Hedge Funds

Singapore’s GIC Private Limited has a history of seeding hedge funds of its former investment employees. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 13, 2017

Natixis AM Hires Former UBS GAM EMEA Sales Executive Oliver Bilal, a former Head of Europe, Middle East and Africa (EMEA) for UBS Global Asset Management, has joined to become Head of International Sales and Marketing at Natixis Global Asset Management. Bilal will report to Jean Raby, CEO of Natixis Global Asset Management. In addition, […]


Fintech Fervor as CDPQ and Temasek Invest in AvidXchange

According to data from the Sovereign Wealth Fund Transaction Database (SWFTD), more public funds and sovereign funds have been pursuing direct investments into financial technology. The Singaporean sovereign funds have been active in the financial technology space. Singapore’s GIC Private Limited was a financial investor in San Francisco-based Square, a payments processor that has expanded […]


NZ Super Places Capital in Third Apollo Life Settlements Strategy

The New Zealand Superannuation Fund (NZ Super) awarded US$ 200 million to a life settlement strategy fund called Financial Credit Investment III that is being managed by New York-based Apollo Global Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Vertex Ventures HC Leads Series B in Bicycle Therapeutics

On June 1, 2017, Bicycle Therapeutics, a U.K.-based biotherapeutics company, raised £40 million in Series B funding. Leading the investment round was Vertex Ventures HC, a venture unit of Temasek Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 31, 2017

Anbang Insurance Group Acquires Doubletree by Hilton Amsterdam China’s Anbang Insurance Group acquired the 557-room Doubletree by Hilton Amsterdam Central Station for roughly €350 million from The Blackstone Group. CBRE had advised Blackstone on the deal. Tech Luminaries and Billionaires Raise Money for Change.org San Francisco-based Change.org, a social for-profit petition platform, has raised US$ […]


SoftBank Buys Stake in Mature Operational Intel Firm from Venture Capitalists

Japan-based SoftBank Group, which oversees its massive Vision Fund, acquired a minority equity stake San Leandro, California-based OSIsoft, LLC, a firm that dwells in operational intelligence. SoftBank purchased the significant minority interest in OSIsoft from Kleiner Perkins Caufield & Byers (Kleiner Perkins), Technology Crossover Ventures (TCV) and Tola Capital. In 2016, Mitsui & Co. became […]


PSP Investments Acquires Minority Interest in Puerto Rico’s Main Airport

Behind the backdrop of the Puerto Rican debt crisis and its filing for bankruptcy protection, one Canadian pension sees value in its main airport. In addition, Puerto Rico’s main airport was hit with a Zika epidemic, affecting some 20,000 people in 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


private equity

Temasek Holdings Participates in Notable Blockchain Investment

At the Consensus 2017 Conference in New York, Chairman and CEO of Fidelity Investments Abby Johnson made a strong case for the adoption of blockchain technology. Forces on both the buyside and sellside are taking a liking to blockchain initiatives. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


ISIF Finalizes Commitment in Reverence Capital Partners Opportunities Fund

The Ireland Strategic Investment Fund (ISIF) finalized a €50 million investment in Reverence Capital Partners Opportunities Fund I L.P., a fund focused on investing in global, middle-market, financial services companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


Brisbane

Quadrant Private Equity to Sell Icon Cancer Care to Investor Group

Sydney, Australia-based Quadrant Private Equity Pty Limited sold its ownership in Icon Cancer Care Group, an Australian healthcare organization focused on cancer treatment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


How Far Along is SoftBank’s Vision Fund After Reaching its First Close?

On the heels of U.S. President Donald J. Trump in Saudi Arabia, Japan-based SoftBank Group announced its first major close regarding the gargantuan SoftBank Vision Fund. Japanese billionaire Masayoshi Son, Chairman of SoftBank, was also in Riyadh at the time. After Trump’s victory over Hillary Clinton in the U.S. Presidential election, Son met with Trump, […]


Sovereign Wealth Funds Go Gaga for Venture and Tech Investments

Sovereign wealth funds are betting big on innovation and technology shifts in areas such as cloud computing, consumer mobile, driverless cars and augmented reality to help drive return growth. A cadre of high-profile wealth funds have set up shop in the San Francisco Bay Area including Temasek Holdings, Khazanah Nasional and GIC. The Qatar Investment […]