From rain drenched Stanford University, here now... the news:
- Existential Headsplosion: In which the CEO of the Canada Pension Plan says... “We’re not a pension plan.”
- Groucho Marx: How LPs think about venture capital and private equity today: “I don’t want to belong to any GP that will accept me as an LP.”
- New SWFs: British Columbia is sticking with its plans and projection for an eventual $100 billion SWF from the LNG industry.
- Well Played: The thing to do when your PE program continues to underperform is... to change the benchmark. The management team is obviously killing it.
- Hotel, Motel, Holiday Inn: Angola’s sovereign wealth fund will make a $500 million bet on the future of sub-saharan hotels.
- Collaboration: The Russian Direct Investment Fund will sign an MoU to invest $1 billion with India’s IDFC in Indian infrastructure.
- Real Estate: The Abu Dhabi Investment Authority bought Scotland Yard. Sort of.
- Like A Boss: South Africa’s cabinet yesterday promoted Dr. Dan Matjila to CEO of the PIC with immediate effect. Kudos.
Have a great weekend!
