private equity

Temasek Holdings Participates in Notable Blockchain Investment

At the Consensus 2017 Conference in New York, Chairman and CEO of Fidelity Investments Abby Johnson made a strong case for the adoption of blockchain technology. Forces on both the buyside and sellside are taking a liking to blockchain initiatives. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]

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Norway’s SWF Portfolio Net Rental Income Could Reach $1 Billion by 2018

Norway’s Government Pension Fund Global (GPFG) is active in the world of institutional real estate. The wealth fund generated US$ 886.46 million worth of net rental income in 2016 versus US$ 124.38 million in 2012. For those new to institutional real estate, net rental income is the income remaining after subtracting qualified expenses from the […]

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KIA Speaks Up on FY 2016 Returns

The Kuwait Investment Authority (KIA) announced that recent press saying the fund lost US$ 6 billion for 2016 was untrue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors had incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion […]

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Hello Windows, In-Q-Tel Invests in Cloud Platform Frame

Cloud workspace platform Frame, a San Mateo-based company, raised US$ 16 million from a number of investors including In-Q-Tel, Microsoft Ventures, Columbus Nova Technology Partners and Bain Capital Ventures. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]

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Former Howard University CIO Joins Progress Investment Management Company

San Francisco-based Progress Investment Management Company, LLC hired Patricia Gerrick as chief investment officer. Previously, she was Chief Investment Officer at Howard University, watching over a pool of US$ 686 million in assets. Gerrick replaced Alex Hsiao who resigned in May 2017 as CIO of Progress Investment Management. Alex Hsiao had joined Progress Investment Management […]

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  • Former Howard University CIO Joins Progress Investment Management Company

    San Francisco-based Progress Investment Management Company, LLC hired Patricia Gerrick as chief investment officer. Previously, she was Chief Investment...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    Church Commissioners for England Rode Global Equities in 2016

    The Church Commissioners for England, a London-based endowment, posted an annual return of 17.1% on its investments for 2016, versus the 2015 return of 8.2% and the 2014 return of 14.4%. The endowment grew 12.9% to £7.9 billion in assets at December 31, 2016. At December 31, 2015 the endowment had £7 billion in assets.[ […]


    Schroders Expands Menu, Names Head of Global Sales

    Asset management giant Schroders Plc named Daniel Imhof as head of global sales. This is a newly-created role and he will report to John Troiano, Global Head of Distribution at Schroders. Imhof comes from UBS Wealth Management where he spent more than two decades and a half there. Imhof was most recently Global Head of […]


    Follow the Money – Episode 37

    Here is a short Follow the Money Show episode after a long-hiatus. This podcast was recorded on May 17, 2017. Download the Episode CONTENTS 1:15 GIC Selling Off its UBS Stake 3:30 Norway’s Sovereign Fund Expands Regent Street Partnership 4:50 One-Belt One-Road, Silk Road Fund Gets More Funding Follow the Money Show is available on […]


    CIC Officially Opens New York Office

    On May 19, 2017, the China Investment Corporation (CIC) officially opened its New York representative office. The office is at 350 Park Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Brisbane

    Quadrant Private Equity to Sell Icon Cancer Care to Investor Group

    Sydney, Australia-based Quadrant Private Equity Pty Limited sold its ownership in Icon Cancer Care Group, an Australian healthcare organization focused on cancer treatment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    State Street Financial Center Gets Some Refinancing, Foreign Investors Participate

    The skyline-piercing, 36-storey State Street Financial Center, located in Boston’s Financial District, is owned by patriarchs of the Brooklyn-based Kestenbaum family through Fortis Property Group, LLC. Fortis Property Group is based in New York and has amassed a real estate empire through a variety of means. In 2003, State Street Financial Center, originally conceived as […]


    How Far Along is SoftBank’s Vision Fund After Reaching its First Close?

    On the heels of U.S. President Donald J. Trump in Saudi Arabia, Japan-based SoftBank Group announced its first major close regarding the gargantuan SoftBank Vision Fund. Japanese billionaire Masayoshi Son, Chairman of SoftBank, was also in Riyadh at the time. After Trump’s victory over Hillary Clinton in the U.S. Presidential election, Son met with Trump, […]


    blackstone

    Saudi’s Sovereign Fund is Serious on Infrastructure, Signs MoU with Blackstone

    Cash-rich sovereign wealth funds are major participants in the capital-intensive ecosystem of unlisted infrastructure. On his first foreign trip since inauguration day, U.S. President Donald J. Trump is making rounds in the Middle East, starting off in Riyadh. Despite political headaches in Washington D.C. egged on by major T.V. reporters, Trump is keen on having […]


    tibbles

    SWFI First Read, May 19, 2017

    Like Others, CPPIB Grows Net Assets CPPIB grew net assets to C$ 316.7 billion at March 31, 2017. In addition, the portfolio return generated an investment return of 12.2%. The return was calculated differently compared to the previous fiscal year, as well as the classification of asset classes. In the reported fiscal year, CPPIB conducted […]


    UC California Investment Office Attracts APG and TRS Executives

    The sizable endowments, pensions and funds managed by the University of California investment office has attracted high-level public-side professionals globally. UC Investment Office CIO Jagdeep Bachher is the former executive of the Alberta Investment Management Corporation (AIMCo), which oversees funds like Alberta’s Heritage Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


    Sovereign Wealth Funds Go Gaga for Venture and Tech Investments

    Sovereign wealth funds are betting big on innovation and technology shifts in areas such as cloud computing, consumer mobile, driverless cars and augmented reality to help drive return growth. A cadre of high-profile wealth funds have set up shop in the San Francisco Bay Area including Temasek Holdings, Khazanah Nasional and GIC. The Qatar Investment […]


    India deals

    Ascendas-Singbridge and Semcorp Industries Awarded Master Development Rights to Amaravati Startup Area

    Amaravati is a planned city on the southern banks of the Krishna River – it is also the new capital city of the Indian state of Andhra Pradesh. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    sovereign wealth india

    GIC Invests in Capital First Partial Sell-Off

    Private equity firm Warburg Pincus, through Cloverdell Investment Ltd., sold its 25% ownership stake in Capital First, a non-banking financial company in India, for roughly Rs 1,768 crore (US$ 275.4 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    China Aerospace Science and Technology Corp Leads Fundraise for SOE Innovation Fund

    Beijing-based China Aerospace Science and Technology Corporation is a state-owned enterprise (SOE) that is the main contractor for China’s space program. China Aerospace Science and Technology is backing a fund with other SOEs and state-backed banks to form the named State-Owned Enterprises China Innovation Fund, targeting 150 billion RMB (US$ 21.76 billion) in a fund […]


    Temasek Invests in Major U.S. Healthcare Supply Chain Company

    The Sovereign Wealth Fund Institute (SWFI) has aggregated data on direct sovereign wealth fund transactions into the healthcare sector. Asian wealth funds have augmented their allocation to healthcare in both developed and emerging markets. Singapore’s Temasek Holdings bought a majority ownership stake in Colorado-based Global Healthcare Exchange, LLC (GHX), a software provider of connected, intelligent […]


    GIC Sells 3.4% Stake in Straumann Holding

    Singapore’s GIC Private Limited has engaged in another Swiss stock sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    QIC Eyes Mall Portfolio Deal with Forest City Realty Trust

    Forest City Realty Trust, Inc. and Brisbane-based QIC have a U.S. real estate retail joint venture that was formed in 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, May 17, 2017

    APG Continues to Play in Dutch Residential Leasing Market APG Asset Management is part of a group of investors to kick in an additional €280 million into a portfolio of Dutch residential rental properties overseen by Rotterdam-based Vesteda. The money will target opportunities in the areas of Ranstad, Brabant and other cities in Netherlands. Vesteda […]


    OCERS Names Molly Murphy as New CIO

    The Orange County Employees’ Retirement System (OCERS) has founded its new chief investment officer (CIO). Molly A. Murphy was chosen as CIO, effective June 23, 2017. Previously, she was CIO at Mercy Health, a US$ 5 billion multi‐state healthcare system based in Cincinnati, Ohio. Before he role as CIO at Mercy Health, she was CIO […]


    Hamilton Lane Eyes Europe to Grow Business

    Bala Cynwyd, Pennsylvania-based Hamilton Lane recently had its initial public offering (IPO) earlier in 2017. Armed with more cash, the private equity / alternatives firm is betting on Europe to grow sales. Pension funds in Europe are increasingly allocating to low-cost beta products, while awarding mandates to private equity funds. In 2016, Hamilton Lane had […]


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