Temasek Holdings to take stake in Oxford Sciences Innovation

Temasek Holdings to take stake in Oxford Sciences Innovation

Singapore’s state investment fund – Temasek Holdings has become a limited partner in Oxford Sciences Innovation (OSI), which develops and commercialises intellectual properties from Oxford university.

Participating through the means of capital infusion, this is Temasek Holdings’ first investment in the UK-based university fund. The financial terms of the investment were undisclosed.

This is part of a larger £230 million (about US$ 289.9 million) financing round that was announced on December 9, which has boost OSI’s capital base to almost £600 million.

The investment round had both new and existing investors, including some of Asia’s leading technology corporations and sovereign wealth funds such as Singapore’s Temasek and Oman Investment Fund, which are among the new wave of investors.

“We are very excited to be working with new shareholders from across the world, notably from Asia and continental Europe, and also grateful to our original supporters, the 10 largest of which have participated in this funding round,” said the chairman of OSI, Peter Davies.

With the new funding round, OSI’s capital base which previously stood at £350m has now expanded to £580 million (about US$ 731 million), making it the largest private university fund in the United Kingdom.

“Raising this capital reflects our confidence in the breadth and quality of opportunity available to investors to help the University of Oxford develop a world-class commercial ecosystem around its unmatched intellectual capital and heritage,” Davies add.

Founded in 2015, the formation of Oxford Science Innovation (OSI) aims to maintain the university’s position as one of the world’s leading research institution, providing capital and scaling expertise to businesses that are driven by its in-house intellectual property.

To date, the fund has backed approximately 20 spin-out startups based on the technology from university’s labs. Among its track record of developed businesses include Oxford Nanoimaging, Vaccitech and Oxford Flow.

Temasek is reshaping its holdings and bracing for lower returns after in July reporting the first decline in its portfolio in seven years. The value of assets fell 9% to US$ 242 billion in the fiscal year ended March 31, according to the firm’s annual review.

Temasek Holdings Pte, Singapore’s state-owned investment fund, said it will focus on being an active investor as it increases holdings in overseas companies.

By Vivian Foo, Unicorn Media

JP Morgan Arm to invest US$ 30 million in Assetz Property Group

JP Morgan Arm to invest US$ 30 million in Assetz Property Group

Global giant JP Morgan Asset Management has invested Rs 200 crore (about US$ 30 million) in Assetz Property Group, a firm that develops residential and commercial properties in Southern India.

“The capital will be given in the form of equity by JP Morgan,” said Akshay Dewani, the director of Assetz Property Group. “The money will then be used to build an 18.5 acre residential project in north Bangalore.”

With this investment, Assetz Property Group has secured about US$ 180 million for its upcoming projects.

Earlier investments include US$ 116 million from venture capital firm Equis Funds Group Pte Ltd as well as private equity (PE) that is intended for its midmarket housing vertical.

Other investors comprise of property consultant Jones Lang, LaSalle’s real estate investment arm – Segregated Funds Group, Avenue Real Estate Fund and Amplus Capital Advisors Pct Ltd.

Headquartered in Singapore, Assetz Property Group for the most part develops residential assets in Bengaluru. But the firm also has plans to set up logistics and warehouse parks on the outskirts of Delhi, Mumbai, Chennai, Bengaluru, and Nagpur in the near future.

“We will be raising capital for logistics vertical first and plan our steps to have a 10 million square feet portfolio over the next four years,” Dewani added.

The company is diversifying into new segments and is in the process of forming commercial, industrial warehousing, and residential platforms to raise capital and expand its presence.

“We plan to have a multi-development platform as we have a good fundraising setup,” said Dewani.

Previously in March, the company had made an announcement regarding the launch of its township brand “Assetz Lifestyle”, under which it will build the group’s mid-market housing projects in the next decade.

In the next ten years, the group plans to build around 10,000 homes along the growth corridors of Bengaluru which is expected to generate a sum of around Rs 5000 crore in revenue from this business alone.

For more information, please visit http://www.assetzproperty.com/

By Vivian Foo, Unicorn Media