💰SWF – Sovereign Wealth Fund
GIC Buys 25% Stake in Brazil’s Algar Telecom.
Brazilian network provider Algar Telecom S.A. has sold a 25% stake in the company to Archy LLC, an affiliate of Singapore’s GIC Special Investments unit, in exchange for 1 billion BRL (US$ 307 million) in new capital.
Under the deal, which remains subject to regulatory approval, GIC will purchase 352 million BRL (US$ 108 million) worth of new shares and pay the remaining 648 million BRL (US$ 199 million) in cash.
https://www.swfinstitute.org/swf-news/gic-buys-25-stake-in-brazils-algar-telecom/
Temasek Holdings Invests in Bolt Threads Series D
Emeryville, California-based Bolt Threads raised US$ 213 million in a Series D round.
Initially the round was US$ 123 million in November.
Temasek Holdings, Formation 8, Founders Fund, and Fidelity Management, joined late to the round.
Bolt Threads makes spider silk from microbugs.
https://www.swfinstitute.org/swf-news/swfi-first-read-january-4-2017-2/
ADIA Goes Big on Middle Income Housing in India
Abu Dhabi Investment Authority (ADIA) and India’s Housing Development Finance Corporation had committed more than US$ 1 billion to a joint fund.
ADIA provided most of the capital at a reported US$ 900 million. SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/swfi-first-read-january-4-2017-2/