Alternatives

Meituan-Dianping Leaps in Unicorn Rankings with $4 Billion Funding Round

Meituan-Dianping, a Chinese group buying website and now the world’s fourth most valuable startup, has raised US$ 4 billion in its latest funding round for a post-money valuation of US$ 30 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Leads Series D for Lightspeed POS

E-commerce software provider Lightspeed POS Inc. has closed a series D venture funding round led by a US$ 136 million investment from Caisse de dépôt et placement du Québec (CDPQ). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala Renews Commitment to Silicon Valley and Startups

Abu Dhabi-based Mubadala Investment Company is moving to join the ranks of sovereign wealth funds who have offices in Silicon Valley and the rest of the San Francisco Bay Area. Khazanah Nasional, GIC, Temasek Holdings and the Qatar Investment Authority have all committed to running offices in Northern California. [ Content protected for Sovereign Wealth […]


private equity

Temasek Participates in Series D in Augmented Reality Startup Magic Leap

Singapore’s Temasek Holdings participated in a Series D venture funding round in the mysterious startup Magic Leap, Inc., which is working on mixed reality technologies. The funding round apparently was US$ 502 million, giving a post-money valuation of roughly US$ 5 billion. Other investors in the round include EDBI of Singapore, Janus Henderson Investors and […]


Soros-Backed One Madison Files for IPO

New York-based One Madison Corporation, a special purpose acquisition company (SPAC) that was formed to acquire a consumer-facing business, filed for an initial public offering of US$ 300 million. One Madison is being led by Omar M. Asali, the former CEO of HRG Group and is backed 21.3% by JS Capital Management LLC, an investment […]


Wavemaker Closes 2nd Round at 66 Million with Aid from Temasek

Cross-border venture capital firm Wavemaker Partners LLC closed its second round of funding for Southeast Asia at US$ 66 million, up 32% on its initial target of US$ 50 million, with backing from Singapore’s Temasek Holdings Pte and a US$ 10 million contribution from the World Bank Group’s International Finance Corporation (IFC). Dado Banatao, Tim […]


CDPQ and Desjardins Skips Toward Fintech

Increasingly, more institutional investors are wanting a slice of the fintech pie. For example, according to data from SWFI’s transaction database, sovereign funds like Temasek Holdings have invested in a wide range of fintech plays such as Bill.com and a blockchain technology company. Heading over to Canada, Caisse de dépôt et placement du Québec (CDPQ) […]


Arcapita and Mumtalakat Acquires NAS United Healthcare from Havenvest PE

Arcapita and Mumtalakat Holding Company partnered on a deal to roughly acquire a 90% stake in Abu Dhabi-based NAS United Healthcare Services LLC (NAS), a GCC provider of outsourced health insurance processing services. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


JPMorgan and Temasek Lead Latest Round into Bill.com

Palo Alto-based Bill.com, the largest U.S. business payments network, raised US$ 100 million in an investment round led by JPMorgan Chase & Co and Temasek Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi PIF Seeks to Form Fund-of-Funds for Domestic SMEs

Saudi Arabia’s Public Investment Fund (PIF) is forming a 4 billion SAR (US$ 1.07 billion) fund-of-funds to allocate capital to domestic small and medium-sized enterprises (SMEs). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

CalSTRS Throws Support behind Peltz for P&G Board

The California State Teachers’ Retirement System (CalSTRS) has declared its support for the nomination of Nelson Peltz, CEO and founding partner of Trian Fund Management, to Procter & Gamble’s (P&G) board of directors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

Secret Escapes Limited Closes Series D Round

London-based Secret Escapes Limited closed a Series D round for around £83 million (US$ 111 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth india

Ashish Sharma Named as InnoVen Capital CEO for India

InnoVen Capital named Ashish Sharma to be the new chief executive officer of its operations in India, effective immediately. Sharma will replace Chin Chao –InnoVen’s CEO for Singapore and Southeast Asia – who stepped in temporarily following the departure of Innoven India’s original co-heads, Ajjay Hattangdi and Vinod Murali.[ Content protected for Sovereign Wealth Fund […]


Schroder Adveq Appoints Reto Schwager as CEO

Swiss private asset manager Schroder Adveq Management AG has appointed Reto Schwager to replace former CEO Sven Liden, who left the firm following its acquisition by UK fund manager Schroders this past July.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Israeli Life Science University Incubator

Singapore’s Temasek Holdings led a US$ 25 million investment round into Integra Holdings, an investment company exclusively focused on life science innovations originating from the Hebrew University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

SWFI First Read, September 26, 2017

Mubadala Seeks to Sell Stake in Executive Jet Business of Piaggio [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Singapore’s Temasek Strategically Invests into CAA

Singapore’s GIC and CPPIB invested in WME | IMG, a talent agency business. Now Singapore’s Temasek Holdings made a strategic investment in Creative Artists Agency, LLC (CAA) in a bid to provide more financial firepower for growth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in BluJay Solutions

Singapore’s Temasek Holdings strategically invested in Manchester, England-based BluJay Solutions Limited (formerly known as Kewill Limited), a supply chain software and services company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 25, 2017

Hellman & Friedman Pole for Nets A/S with GIC Help Private equity firm Hellman & Friedman LLC finalized a deal, partnering with GIC Private Limited, to acquire Copenhagen-based Nets A/S, the biggest payment processor in the Nordic region, in a 31.1 billion DKK (US$ 5.3 billion) buyout. Some of Nets largest shareholders are private equity […]


private equity

Temasek Holdings Invests in Taiwan Electric Scooter Company Gogoro

A Taiwanese electric scooter manufacturer called Gogoro Inc. raised US$ 300 million from a group of investors including Singapore’s Temasek Holdings, Engie SA, Sumitomo Corporation and Generation Investment Management (an investment management firm co-founded by former U.S. Vice President Al Gore). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]