SWFI First Read, November 2, 2017
Temasek Leads Investment in CircleUp Growth Partners
Singapore’s Temasek Holdings invested in CircleUp Growth Partners, a US$ 125 million fund formed by San Francisco-based CircleUp. Other investors in the fund include former BlackRock executive Ken Kroner. The fund will target early-stage consumer packaged goods startups with between US$ 1 million and US$ 10 million in revenue.
https://www.swfinstitute.org/swf-news/swfi-first-read-november-2-2017/
Ørsted Sells 50% Stake in Walney Offshore to PFA and PKA .
A group of institutional investors are investing £2 billion in the Walney Extension offshore wind farm project in the United Kingdom. Leading the investment group on the equity side are Danish pension funds PKA and PFA.
https://www.swfinstitute.org/swf-news/orsted-sells-50-stake-in-walney-offshore-to-pfa-and-pka/
Ontario Teacher’s Sells Stake in UK Airports to Australia’s TCorp and Sunsuper .
The Ontario Teacher’s Pension Plan (OTPP) has struck a deal to sell 30% of its stake in the Bristol and Birmingham airports to Australia’s New South Wales Treasury Corporation (TCorp) and Sunsuper Superannuation Fund (Sunsuper).
Bristol Airport and Birmingham airport are the United Kingdom’s ninth and seventh largest airports, with 7.5 million and 11.6 million travelers in 2016.