💰SWF – Sovereign Wealth Fund
Temasek Participates in Series D Round in Chinese Mafengwo Travel Platform.
Chinese social travel platform Mafengwo has raised US$ 133 million in a Series D funding round with aid from new investors,
including private equity investor
General Atlantic,
tourism-centric Ocean Link,
the Yuantai Changqing venture capital fund,
Hopu Investment Management,
and Singapore’s Temasek Holdings.
Existing investors Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated in the latest funding round.
BNP Paribas Securities Services Wins Global Custodial Mandate from Sara Assicurazioni
BNP Paribas Securities Services, a unit of BNP Paribas, won a global custodial mandate from Rome-based Sara Assicurazioni S.p.A., a life and general insurance company that is a subsidiary of ACI Automobile Club Italia. The entity has €1.3 billion worth of Italian and foreign assets.
https://www.swfinstitute.org/swf-news/swfi-first-read-december-12-2017/
Texas Municipal Retirement System Awards $300 Million Mandate to BlackRock Credit Fund
Texas Municipal Retirement System awarded US$ 300 million to the Global Credit Opportunities Fund which is managed by BlackRock. The fund will target private credit and credit-related assets in corporate special situations or capital structures. SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/swfi-first-read-december-12-2017/