💰SWFI First Read, November 16, 2017
GIC Increases Ownership in DLF through Open Market
GIC Private Limited acquired 1.201 million shares of DLF Ltd., a real estate developer in India, through the open market. GIC boosted its stake in DLF from 4.94% to 5.01%.
Alaska Permanent Fund Corporation is Open to Getting Access to Private Equity GP Interests
The Alaska Permanent Fund Corporation (APFC) is keen on possibly acquiring stakes in general partners of private equity firms, a tactic conducted by larger pension and sovereign wealth fund investors. APFC is already committed to funds that take strategic ownership stakes in asset management companies such as Blackstone Strategic Capital Holdings and Dyal Capital Partners III.
Mubadala Plans to Commit More Capital to R&D in AR&I
Mubadala Investment Company revealed plans to invest 82.5 million AED in research and development (R&D) in its aerospace, renewables and information technology (AR&I) platform over the next five years. These technologies include digital manufacturing, 3D printing and advanced materials.
Pak Arab Refinery Limited Seeks Second Refinery for Country with Mubadala’s Help
Pak Arab Refinery Limited (Parco) seeks to form a joint venture with Mubadala Investment Company to build a new refinery with a capacity of 250,000 barrels per day. Parco is 40% owned by Mubadala and 60% owned by the Pakistan government. The total investment cost for the refinery is estimated at US$ 6 billion with a completion date targeting 2023. Pakistan only has one refinery, the Parco Mid-Country refinery, which was built in 2000 at a cost of US$ 886 million.
Ireland Strategic Investment Fund Makes Co-Investment in Kaseya
The Ireland Strategic Investment Fund (ISIF) is to invest €19 million in Kaseya Limited, a provider of complete IT management solutions for managed service providers (MSPs) and midsized enterprises. The capital infusion hopes to create 130 new jobs in Ireland. Kaseya is majority owned by global software investment fund Insight Venture Partners. ISIF is also an investor in Insight Venture Partners’ funds, committing US$ 100 million in October.
https://www.swfinstitute.org/swf-news/swfi-first-read-november-16-2017/