The Daily Brief

Today’s news: - The IMF likes SOFAZ – Iran’s SWF is surprisingly big – The CIC signs a cooperation agreement with…Belgium? And lots more…

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Here now, the news:

  • Iran’s SWF - the National Development Fund - will reach $50 billion this year. That’s quite remarkable given the fund is barely a year old!
  • The IMF seems to like SOFAZ’s management style.
  • The Russia Direct Investment Fund is looking to close deals with U.S. PE shops this year.
  • CIC signed a cooperation agreement with Belgium to launch co-investment vehicle targeting European companies.
  • Temasek is selling down Chinese banks.
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