Australia’s SWF Goes Long on Cloud-Computing Startups

January 12, 2017 by Loch Adamson

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This week, Australia's Future Fund forges ahead in making cutting-edge technology investments; China Investment Corp. builds on its New York real estate holdings and the Qatari Investment Authority looks to buy birds. Embracing Technology, the Future Fund Backs American Startups Australia’s Future Fund has made headlines recently for keeping more than 22% of it’s A$124.6 billion ($92 billion) portfolio in cash, but – at the same time – the sovereign wealth fund has also been quietly putting billions to work to early-stage, privately-held technology companies in the US and beyond. The investments are small, in absolute terms, but they signal an interest on Future Fund’s part to take stakes in companies working to develop cutting-edge data processing and cloud-computing services. The Future Fund has been investing in venture capital for some time, but the technology trend began to make headlines last August, when the sovereign fund unexpectedly emerged…

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