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Sovereign Wealth Funds Briefing 30.Jul 2014

Posted on 30 July 2014 by VRS |  Email |Print

The International Monetary Fund thinks it’s a good idea that Macau establish a sovereign wealth fund. Anselmo Teng Lin Seng of the Monetary Authority here is well aware of the option.
Macau’s Monetary Authority president Anselmo Teng Lin Seng said that establishing a sovereign wealth fund as suggested by the International Monetary Authority is “one of the options” to further diversify the city’s reserves, although he did not confirm if such an option was a near-term goal………………………………………..Full Article: Source

Posted on 30 July 2014 by VRS |  Email |Print

Flipkart.com, India’s biggest online retailer, raised $1 billion as investors, including Tiger Global Management LLC and South Africa’s Naspers Ltd. (NPN), increased their stakes.
Singapore sovereign wealth fund GIC Pte and Russian billionaire Yuri Milner’s DST Global, also made investments, Flipkart said in a statement today. The e-commerce company said it has 22 million registered users and handles 5 million shipments a month………………………………………..Full Article: Source

Posted on 30 July 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC has invested in Flipkart, India’s largest e-commerce company. GIC joined existing investors Accel Partners, DST Global, Iconiq Capital, Morgan Stanley Investment Management and Sofina in injecting a combined US$1 billion into Flipkart.
The injection of funds is one of the largest amounts raised for any e-commerce company globally, and the single largest raised for an Internet company from India. The new funds will be used to make long-term strategic investments in India, especially in mobile technology………………………………………..Full Article: Source

Posted on 30 July 2014 by VRS |  Email |Print

Shopping website Flipkart said it has received $1 billion in funding from Singapore’s sovereign wealth fund, GIC, and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina. This is the biggest round of funding into any Indian startup. The investment was co-led by existing investors Tiger Global Management and Naspers.
This is one of the largest investments raised in a single round globally. Taxi rental startup Uber raised $1.2 billion earlier this year. Facebook had raised $1 billion in 2011………………………………………..Full Article: Source

Posted on 30 July 2014 by VRS |  Email |Print

This is confirmation that Metlife and Norway’s Government Pension Fund Global (GPFG) through Norges Bank Investment Management (NBIM) have bought the One Beacon Street office building in Boston for approximately $561 million. This is the second property investment in Boston and the fourth overall for the joint venture, which now has a real estate portfolio with a gross value of approximately $2.4 billion.
MetLife and Norges Bank Investment Management bought the 34-story office tower from a joint venture of Beacon Capital Partners and insurer Allianz. MetLife will own 52.5 percent of One Beacon Street and be the managing member, while Norges Bank Investment Management will own the remaining 47.5 percent………………………………………..Full Article: Source

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