💰SWF – Sovereign Wealth Fund
Ontario Teachers’ and PSP Participate in SCI Packaging’s Recap.
Los Angeles-based Stone Canyon Industries, LLC, through its unit SCI PH Inc. (SCI Packaging), is the holding company of BWAY and Mauser – global suppliers of rigid packaging products and services.
SCI PH raised US$ 850 million in a combination of Series A and Series B stock.
https://www.swfinstitute.org/swf-news/ontario-teachers-and-psp-participate-in-sci-packagings-recap/
Ontario Teachers’ Pension Plan Sells PetVet Care to KKR.
Private equity firm KKR is buying PetVet Care Centers, LLC from Ontario Teachers’ Pension Plan (OTPP), L Catterton, and other existing shareholders.
https://www.swfinstitute.org/swf-news/ontario-teachers-pension-plan-sells-petvet-care-to-kkr/
Russia’s Reserve Fund to Run Dry in 2017.
Russian Finance Minister Anton Siluanov has announced that the country’s Reserve Fund will be fully depleted by year’s end in order to finance the government’s domestic borrowing program for 2017, with total spending from the Fund amounting to around 1.5 trillion rubles (US$ 25.98 billion).
Spending from Russia’s National Wealth Fund (NWF) is expected to amount to approximately 660 billion rubles (US$ 11.43 billion).
https://www.swfinstitute.org/swf-news/russias-reserve-fund-to-run-dry-in-2017/
Qatar SWF and Elliot Management Buyout Gigamon.
The Qatar Investment Authority (QIA) partnered with Paul Singer’s Elliott Management, through its private equity affiliate Evergreen Coast Capital, to buyout Santa Clara, California-based Gigamon Inc. at a value at approximately US$ 1.6 billion.
https://www.swfinstitute.org/swf-news/qatar-swf-and-elliot-management-buyout-gigamon/