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 […]


CPPIB and IndoSpace Forge Joint Venture

The Canada Pension Plan Investment Board (CPPIB) continues to seek out Indian partners to invest in institutional-quality real estate within the sub-continent. Indospace is one of India’s biggest developers in the industrial and logistics real estate sector. CPPIB and IndoSpace formed IndoSpace Core, a joint venture that will focus on acquiring and developing modern logistics […]


Wealth Fund Capital to Invest in Major Moscow Real Estate Development

The former airfield Tushino in the North-West of Moscow is getting capital commitments from a wide swath of institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


roads

Norway’s SWF Expands Regent Street Partnership with The Crown Estate

Norway’s Government Pension Fund Global (GPFG) has strategically expanded its presence in central London. The Regent Street Partnership is a venture between Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), and The Crown Estate. NBIM has a 25% stake in the Regent Street Partnership. The partnership acquired ownership […]


GIC Unloads 2.4% of its UBS Stake

Update May 16, 2017, Lim Chow Kiat, Chief Executive Officer of GIC, “GIC made the UBS sale despite the loss because conditions have changed fundamentally since GIC invested in UBS in February 2008, as have UBS’ strategy and business. It makes sense now for GIC to reduce its ownership of UBS and to redeploy these […]


SUBSCRIBE NOW AND ENJOY FULL ACCESS TO THE SWFI
RFPs, Allocations and Opportunities

> Get Full Access to swfinstitute.org, compass and transaction database
> Receive Print Issue of Sovereign Wealth Quarterly
> Email: support@swfinstitute.org

Your E-mail...
x