💰SWF – Sovereign Wealth Fund
Harvard Agrees, Moves RE Team to Bain Capital.
Harvard Management Company (HMC), the in-house investment unit of the endowment, agreed to spin out its real estate unit to Bain Capital.
22 HMC employees will join the new unit called Bain Capital Real Estate, which oversees Harvard’s US$ 3.4 billion real estate investments.
SWFI research reported on the discussions earlier regarding this deal.
HMC has been looking to streamline operations and reduce investment staff headcount.
https://www.swfinstitute.org/swf-news/harvard-agrees-moves-re-team-to-bain-capital/
CPPIB Gets Direct Exposure to Brazilian Renewables with Votorantim Energia.
The Canada Pension Plan Investment Board (CPPIB) and São Paulo-based Votorantim Energia Ltda., the energy subsidiary of Brazil’s Votorantim Group, inked a deal to create a new joint venture focusing on investments and developments in the Brazilian power generation sector.
CPPIB is making a bet on the Brazilian power generation market with a focus on renewable energy.
Danica Pension Eyes Market Leader PFA with US$ 1 Billion SEB Takeover.
Danica Pension, Denmark’s second largest commercial pension fund, has struck a deal to take over the Danish pension assets of Sweden’s SEB, putting itself in position to challenge current market leader PFA.
Set to close in the first half of 2018 upon regulatory approval, the transaction will bring the Danske Bank subsidiary some 200,000 new pensioners for a customer base of 800,000, and raise its total assets under management to around US$ 86.8 billion.
These figures put it nearly on par with PFA, which manages approximately US$ 96.3 billion in assets for some 1.2 million Danish pensioners.