Masdar Acquires a 25% Stake in an Offshore North Sea Wind Farm

Masdar, a clean energy company owned by Abu Dhabi-based Mubadala Development Co., acquired a 25% ownership stake in Hywind Scotland from Norwegian oil giant Statoil. Hywind Scotland is a 30 MW floating offshore pilot wind farm development in the North Sea, near Peterhead in Aberdeenshire. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]

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SWFI – Movers and Shakers – January 21, 2017

BREXIT EXPERT HIRE #1: BlackRock Names Former UK Chancellor Osborne as Senior Adviser George Osborne, the former U.K. Chancellor of the Exchequer, is joining the BlackRock Investment Institute as a part-time senior adviser in February 2017. As of December 31, 2016, BlackRock manages US$ 5.1 trillion in assets. In a statement, BlackRock CEO Larry Fink […]

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Follow the Money – Episode 30

This is Michael Maduell’s first podcast since the New Years. Maduell and Pether discuss the results of SWFI’s League Table report for 2016. The podcast goes into direct investments in the U.S. and the opportunity for the government to embrace institutional investors’ insatiable desire for it. Pether goes in talking about developments in China and […]

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SWFI First Read, January 20, 2017

Trump to Inherit Nearly $20 Trillion in Public Debt U.S. public debt outstanding at the end of Barack Obama’s term has ended at US$ 19,961,467,137,973.64, according to the U.S. Treasury. The amount is just shy of US$ 20 trillion. When Obama won election in 2009, the U.S. public debt outstanding stood at US$ 10,626,877,048,913.08. Dallas […]

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Fondo de Ahorro de Panama Hires Northern Trust for Global Custody Services

The Fondo de Ahorro de Panama (FAP), Panama’s sovereign wealth fund, hired Northern Trust in a global competitive bidding process to provide global custodian services for the fund. The RFP process started back in June 2016. The Banco Nacional de Panama, acting as trustee of the FAP, signed the contract, which has a term of […]

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Powering Australian Renewables Fund Buys Silverton Wind Farm

The Powering Australian Renewables Fund (PARF) acquired the 200 MW Silverton wind farm project in New South Wales from AGL Energy Limited. The PARF is financially backed by Australia’s Future Fund, QIC (QIC Global Infrastructure Fund) and AGL Limited. AGL had provided US$ 200 million in equity funding to the PARF. [ Content protected for […]

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Bank of Korea Entrusted KIC with $5 Billion in 2016

In a show of confidence, the Bank of Korea, the country’s central bank, had allocated US$ 5 billion to the Korea Investment Corporation (KIC) to manage back in 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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  • SWFI First Read, January 20, 2017

    Trump to Inherit Nearly $20 Trillion in Public Debt U.S. public debt outstanding at the end of Barack Obama’s...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    DAVOS: PIF is On Track for $2 Trillion in AUM

    At the World Economic Forum (WEF) in Davos, Saudi Energy Minister Khalid Al-Falih talked briefly about Saudi Arabia’s Public Investment Fund (PIF). The PIF is targeting to have US$ 2 trillion in assets under management. This also circles around Saudi’s Vision 2030 plan, as the country tries to diversify its economy. Al-Falih also said the […]


    5 Fears and Dreams by Sovereign Funds Regarding Trump’s America

    Will Donald Trump’s proposed policies drive up U.S. consumer and business spending – a number of large sovereign funds think so? Could the U.S. reach 4% GDP growth in 2017? On January 16th, the International Monetary Fund (IMF) raised its forecast for the United States over the next two years. Why? The IMF believes Donald […]


    ISIF Invests in InsideSales.com

    The Ireland Strategic Investment Fund (ISIF) joined a chorus of investors in Provo, Utah-based InsideSales.com. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, January 18, 2017

    GIC Participates in Investment in Pool Supply Company Leslie’s Holdings [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    China Merchants Group Eyes Ethiopian Shipping SOE

    China’s One Belt, One Road policy continues to expand, even throughout Ethiopia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    LEAGUE TABLES: Goldman Sachs Takes the Iron Throne for 2016

    The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks direct transactions by sovereign wealth funds, pensions and other public funds. The database has a bias toward equity, real estate and infrastructure transactions and a much lower emphasis on bond deals. Combining all public investors, for calendar year 2016, transactions amounted to US$ 205.25 […]


    SWFI First Read, January 17, 2017

    Carlyle Group to Become Largest Shareholder in Global Credit Ratings The Carlyle Group is poised to acquire nearly half of the equity of Johannesburg-based Global Credit Ratings (GCR), making the private equity firm the largest shareholder in the company. GCR is a ratings agency focusing on Africa. The sellers are Deutsche Investitions und Entwicklungsgesellschaft (DEG) […]


    SWFI First Read, January 16, 2017

    ACCESS: GF International and Euroclear Sperahead China ETF In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is […]


    sovereign wealth india

    Billionaire Prem Watsa Feeds OMERS’ Thirst for Indian Exposure

    The Ontario Municipal Employees’ Retirement System (OMERS) finalized its participation in a private placement on January 13, 2017 to purchase 17,021,500 subordinate voting shares of Fairfax India Holdings Corporation, which is controlled by Toronto-based Fairfax Financial Holdings Limited, at a price of US$ 11.75 per share for total consideration of US$ 200,002,625. Before the placement […]


    BNY Mellon Manhattan

    BNY Mellon Refocuses Efforts in ETF Space

    BNY Mellon is keen on growing its exchange-traded fund (ETF) business and clearly understands it’s a scale business. The New York banking giant continues to watch its competitor BlackRock gain more AUM inflows from its iShares business. BNY Mellon expects further growth in the ETF space in the next decade as both retail and institutional […]


    ArcLight Capital Sells Firm Stakes to Wafra and Goldman Sachs AM

    Boston-based ArcLight Capital Partners LLC, a private equity firm engaged in the energy industry, sold a minority stake in the firm to a number of investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Regent Street Partnership Acquires Leasehold Interest in 10 Piccadilly

    Standard Life Assurance Limited, a subsidiary of Standard Life plc, sold a long leasehold interest in 10 Piccadilly, a 98,660 square foot retail and office property in central London, to the Regent Street Partnership. The Regent Street Partnership is a venture between Norges Bank Real Estate Management and The Crown Estate. The Regent Street Partnership, […]


    SWFI First Read, January 13, 2017

    Mubadala and IPIC Merger is on Track It appears the merger between the Mubadala Development Company and International Petroleum Company (IPIC) is getting closer to fruition and could be completed by the end of the first quarter of 2017. BlackRock Named Sarah Melvin as Head of the Institutional Business for North America Asset management giant […]


    INSIDE: Unraveling the Rosneft Deal with Glencore and QIA

    Commodities firm Glencore plc and the Qatar Investment Authority (QIA) together ended up acquiring a 19.5% stake in Rosneft PJSC through a varied transaction of debt and equity. A large portion of the deal came through debt financing. For example, under the deal terms, Glencore is committing €300 million in equity, while the QIA is […]


    london

    Financial Stability Board Publishes Policy Recommendations for Asset Managers

    The growth of alternative investments has added diversity to the financial system, but at the same time increasing greater complexity. Basel-based Financial Stability Board (FSB) published its Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities. The FSB is chaired by Mark Carney, Governor of the Bank of England. [ Content protected for Sovereign […]


    Could a Giant Asian SWF Acquire 60 Wall Street?

    Will Deutsche Bank have a new landlord for its North American headquarters? According to data from the Sovereign Wealth Fund Transaction Database, Asian sovereign funds have steadily made up a significant portion of buyers in U.S. office real estate compared to other types of public asset owners. [ Content protected for Sovereign Wealth Fund Institute […]


    TREND: Ontario Teachers Invests in Datacenter Business

    Is the infrastructure around information technology becoming a utility? New York-based RedBird Capital Partners and the Ontario Teachers’ Pension Plan (Ontario Teachers) are investing in Dallas-based Compass Datacenters, LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    CPPIB to Acquire a 48% Stake in GlobalLogic

    The Canada Pension Plan Investment Board (CPPIB) is acquiring a 48% ownership stake in San Jose, California-based GlobalLogic Inc., an offshore software research & development services provider, from funds advised by Apax Partners LLP, a private equity firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, January 12, 2017

    Temasek Invests in Latest Equity Round in Funding Circle London-based Funding Circle, which recently landed an additional lending mandate with the British Business Bank, has raised £82 million in equity capital. Leading this latest equity round is Accel. Other existing investors also contributed capital including Baillie Gifford and Temasek Holdings. Aabar Looks to Maintain its […]


    SouthGobi Executes New Deferral Agreement with CIC

    On December 20, 2016, SouthGobi Resources Ltd., which owns and operates its Ovoot Tolgoi coal mine in Mongolia, announced the execution of a new deferral agreement with Land Breeze II S.à r.l., a sovereign wealth enterprise of the China Investment Corporation (CIC). This modified a revised payment schedule of US$ 20.7 million of cash interest […]


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