ECB debt

ECB Staff Pensions Award Mandates to SSgA and UBS

The European Central Bank (ECB), on behalf of its pension funds, awarded two mandates in total to UBS Asset Management (UBS Asset Management (Deutschland) GmbH) and State Street Global Advisors (State Street Global Advisors GmbH). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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IMCO Commences Operations

Six years in the making, the Investment Management Corporation of Ontario (IMCO), the new investment entity, has officially commenced operations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Cypress Creek Renewables Score $450 Million Facility, Temasek Money

Santa Monica-based Cypress Creek Renewables, LLC scored a US$ 450 million credit facility from a group of institutional investor that includes Singapore’s Temasek Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Portion of CIC Funding Bonds to be Rolled Over

China’s Ministry of Finance had issued roughly 1.55 trillion RMB of notes back in 2007 to help establish the China Investment Corporation (CIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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The RDIF Could be Getting Bigger

With the Russian Direct Investment Fund (RDIF) closing more strategic deals with outside partners and other sovereign funds, the Russian government is looking to funnel more capital into it. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Kevin SigRist Resigns as CIO, Strategy Change in North Carolina

Kevin SigRist has unexpectedly resigned from his role as Chief Investment Officer of the North Carolina state pension. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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1st Place Tie for Goldman Sachs and Bank of America for 1H 2017 PI Dealmakers

Bank of America Merrill Lynch and Goldman Sachs tied for first place in the public institutional investor transaction database for the first half of 2017 for financial advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Both firms reached 10 deals each […]

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  • IMCO Commences Operations

    Six years in the making, the Investment Management Corporation of Ontario (IMCO), the new investment entity, has officially commenced...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    Simpson Thacher Takes First for 1H 2017 PI Legal Advisor

    Simpson Thacher & Bartlett LLP (Simpson Thacher) took first place in the public institutional investor transaction database for the first half of 2017 for legal advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Simpson Thacher was involved in numerous transactions with […]


    SWFI First Read, July 25, 2017

    USS Acquires Roughly 11% Stake in Kemble Water Holdings The Universities Superannuation Scheme (USS) has agreed to buy an approximate 10.94% stake in Kemble Water Holdings, the parent company of Thames Water, the largest regulated water utility in the U.K. USS will become the third largest shareholder in Kemble Water, joining investors such as Dutch […]


    OMERS Makes Money on Civica, Sells to Partners Group

    Partners Group beat out rivals to acquire U.K.-based software company Civica from OMERS Private Equity, a unit of OMERS, in a deal valuing the company at roughly £1.055 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Bill Gates Family Office Money to Transform Tampa Skyline

    Bill Gates’ family office, Cascade Investment, is helping reshape Tampa Bay’s skyline by adding more urban structures. The majority of Tampa Bay’s urban core development had occurred in the 1980s and 1990s. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Korea’s NPS Surpasses $530 Billion, Now Needs a Permanent CIO

    South Korea’s Ministry of Health and Welfare revealed that funds managed by the National Pension Service (NPS) touched 601 trillion KRW (US$ 533 billion) as of July 24, 2017. Part of the growth can be attributed to the recent returns of the fund investor. Despite the good news in growing assets, the system’s chief investment […]


    ZTO Express Faces Lawsuit Over Alleged Exaggeration of Profit Margins Before IPO

    Some people called it China’s FedEx, ZTO Express (Cayman) Inc had its initial public offering (IPO) in 2016, luring institutional investors such as pensions and some sovereign funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    blackstone

    Blackstone’s Strengthening Grip on Infrastructure and Permanent Capital

    It is no secret when limited partners think of top-tier private equity, most think of The Blackstone Group. Blackstone has been able to lure talent and massive amounts of capital to its platform. Blackstone’s market capitalization is well above its four biggest competitors such as KKR and The Carlyle Group. The alternatives behemoth is moving […]


    tibbles

    SWFI First Read, July 21, 2017

    GIC Puts Bluewater Shopping Centre Stake for Sale Singapore’s GIC Private Limited has put its stake in the Bluewater Shopping Centre on the market. GIC has a 17.5% ownership stake in the Kent property. GIC is asking for more than £400 million. GIC hired Knight Frank to manage the sales process. The main owner of […]


    Schlumberger to Acquire a Majority Interest in Eurasia Drilling Company

    Schlumberger Limited has agreed to acquire a majority 51% equity interest in Eurasia Drilling Company Limited, a Russian-based onshore and offshore drilling and well services contractor. The deal is subject to approval by the Federal Antimonopoly Service of Russia (FAS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


    QIA Plunks Down Another Beverly Hills Office Property

    The Qatar Investment Authority (QIA) continues on its quest to gobble up former Equity Office properties in Southern California. QIA and Douglas Emmett, Inc. acquired 9665 Wilshire Boulevard, a 171,000 square foot Class A office property for US$ 177 million. The property is located in Beverly Hills. [ Content protected for Sovereign Wealth Fund Institute […]


    2Q LMTI Transparency Index Released

    SWFI research has released the Second Quarter 2017 of the Linaburg-Maduell Transparency Index (LMTI). NOTES The Texas Permanent University Fund was added with an initial score of 9. The North Dakota Legacy Fund was added with an initial score of 8. The Russian Direct Investment Fund was added with an initial score of 7. Coverage […]


    Khazanah Nasional Sells Small Block of CIMB Group Shares

    Khazanah Nasional Berhad added some liquidity to its massive company portfolio, selling off shares in a block deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    ANTI-DESPACITO: SoftBank Vision Fund Backing AI and Farming Startup Plenty

    The SoftBank Vision Fund continues to back just about every major startup in the AI space. The fund recently backed San Diego-based Brain Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SOFAZ Swaps $1 Billion in Debt for 7-Year IBA Bond

    Creditors holding 93.9% of the affected credits of the International Bank of Azerbaijan (IBA) have approved of a US$ 3.3 billion restructuring plan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, July 20, 2017

    Path to an Indian National Oil Champion India-owned Oil and Natural Gas Corporation Limited (ONGC) got a green light to acquire a 51.1% stake in state-owned refiner Hindustan Petroleum Corporation from the Indian government. The ownership stake is valued at US$ 4.6 billion based on a recent market valuation of Hindustan Petroleum Corporation. Alpha Investment […]


    SoftBank Vision Fund Leads Series C in Brain Corporation

    San Diego-based Brain Corporation, a artificial intelligence (AI) startup focused on self-driving technologies, raised US$ 114 million in a Series C round. The Series C round was led by the SoftBank Vision Fund. Other investors in the round include Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures was Brain’s first institutional investor. The […]


    OTPP Acquires Memora from 3i Group

    The Ontario Teachers’ Pension Plan (OTPP) is building a platform of European funeral businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    West Yorkshire Pension Fund Invests in New Manchester Office Property

    Institutional investors are picking up recycled U.K. office developments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    oil

    ADNOC Takes Steps for Potential Restructuring

    The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    CalPERS CIO Dreams of Going Direct

    The California Public Employees’ Retirement System (CalPERS), surpassing US$ 300 billion in assets, is contemplating going direct. Essentially, CalPERS is seeing its peers such as Canadian pensions and sovereign funds saving money and directly investing into companies without the fingerprints of private equity handlers. CalPERS CIO Theodore Eliopoulos at a board retreat in Monterey, California, […]


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