Dangote Transaction: Dubai Money Flows Into West Africa

Nigeria-based Dangote Cement is a publicly-traded company on the Nigeria Stock Exchange, with a market capitalization of approximately US$ 24.5 billion (largest company in Nigeria by market capitalization). Founded by businessman Aliko Dangote, Dangote Cement received a US$ 300 million investment from the Investment Corporation of Dubai (ICD). In return, ICD received a minority stake [...]


Asian sovereign wealth

BOOM: Carlyle Raises $3.9 Billion for Fourth Asia Buyout Fund

The Carlyle Group has raised US$ 3.9 billion for its fourth Asian buyout fund, Carlyle Asia Partners IV. This is the second biggest private equity fund ever raised that is targeted for Asian investment. The fund excludes Japan since Carlyle is planning to raise a separate Japan fund. To raise capital, Carlyle lowered its management [...]


GlassPoint Solar Raises Capital from Oman Sovereign Wealth Fund

Fremont-based GlassPoint Solar Inc. is a company that provides solar steam generators to the oil & gas industry for applications such as enhanced oil recovery. GlassPoint purports the solar steam generators could eventually reduce an oilfield’s natural gas consumption by up to 80%.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe [...]


India deals

Singapore Sovereign Wealth Centers on the Indian Consumer

Singapore sovereign wealth fund Temasek Holdings has been pursuing opportunities in India’s consumer sector. With a regional office in Mumbai, Temasek is gearing up for more deals. Temasek is likely to make a bid for New Delhi-based Devyani International, a store operator of KFC, Pizza Hut and Costa Coffee locations in India. [ Content protected [...]


CME Heavily Targeting Central Banks

Increasingly, American exchanges are pursuing non-traditional sources of money, such as overseas central banks and sovereign wealth funds. The drastic drops in exchange trading volumes for cash products has caused these exchanges to refocus parts of their marketing efforts. Read Modifications to Central Bank Incentive Program – CME Group [ Content protected for Sovereign Wealth [...]


emerging markets sovereign wealth funds

RDIF Anticipates Possible Effects of Western Sanctions

In the not so distant past, the Russian Direct Investment Fund (RDIF) has been strategically forming investor alliances in both the East and the West. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


financial buyouts

PSP Investments and Arcus Infrastructure to Finalize Bid for TDF

France-based Arcus Infrastructure Partners and PSP Investments, a Canadian public pension investor, are nearing an agreement to acquire French broadcast operator Telediffusion de France (TDF) for approximately €3.55 billion (US$ 4.7 billion). TDF’s current owners are Charterhouse Capital Partners, Ardian, TPG Capital, state-backed Bpifrance Participations SA and company management. [ Content protected for Sovereign Wealth [...]


NBIM and TIAA-CREF Finalizes San Francisco Office Property Purchase

Norway’s sovereign wealth fund has made another investment with regard to its joint venture with New York-based TIAA-CREF. Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, and TIAA-CREF purchased a San Francisco office property for US$ 390 million. The sellers are GE Real Estate and Langley Investment Partners. [ Content protected [...]


KIA Participated in Sharda Cropchem Investment

The Kuwait Investment Authority (KIA) has participated as a key investor in an Indian agrochemical business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Central Huijin Takes a Gander at Euro Banks

State-owned Central Huijin Investment Ltd. is looking to expand its holdings toward European bank investments. Central Huijin vice-chairman Li Jiange made the comment on September 3, 2014 at a banking conference in Germany. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Funds and Russia

Putin to Limit Usage of Russia’s Sovereign Fund

Russian President Vladimir Putin mentioned on September 1, 2014, that Russia cannot spend more of its National Welfare Fund on growing capital expenditures. This is after the Russian government augmented the cap on the amount allocated toward domestic investments. 40% of the National Welfare Fund can be spent on domestic investments. The Ukraine conflict has [...]


ADIA Hires: Tipple to be First Global Head of External Equities

The Abu Dhabi Investment Authority (ADIA) has chosen Brian Tipple to be its first global head of external equities. Tipple will assist ADIA’s senior management in developing strategies and overseeing a massive number of externally-managed portfolios. Based in Abu Dhabi, Tipple will report to the executive director of external equities, Obaid Al Suwaidi. View the [...]


Former GOP House Majority Leader Cantor Joins Moelis as Vice Chairman

Eric Cantor, the former congressman from Virginia, who served as U.S. House Majority Leader, will join Moelis & Co. as vice chairman and managing director. Cantor will also serve on Moelis’ board of directors. Cantor will be based out of the New York office; however, there are plans for a Moelis Washington, D.C. office. The [...]


Northern Trust Selects Global Head of Institutional Distribution

Northern Trust Asset Management has chosen John Krieg as global head of institutional distribution. The asset manager has gone through some personnel changes, hiring a new global head of ESG investing and sales head for greater China. Krieg was a managing director of asset management for Europe, the Middle East and Africa – managing relationships [...]


NBIM and Prologis JV Acquire Spanish Logistics Portfolio

Norges Bank Investment Management (NBIM), the manager of Norway’s elephantine sovereign wealth fund, and San Francisco-based Prologis Inc, through their joint venture, acquired a portfolio of industrial real estate in Barcelona and Madrid.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Cityhold Buys Hamburg Atlantic Haus Building

Stockholm-based Cityhold Property AB has acquired a Hamburg office property in the city’s Harbour Business District. Hamburg is the second largest city in Germany. Built in 2007, the Atlantic Haus office stands 88 meters tall. Atlantic Haus is comprised of approximately 32,000 square meters of gross rental area. A UBS fund sold the property and [...]


GPIF Hired Eastspring Investments, Focusing on Value Plays

In April 2014, Japan’s Government Pension Investment Fund (GPIF) hired Singapore-based Eastspring Investments to manage a small portion of the fund’s massive portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Tonga Passes Seabed Minerals Act 2014

The Pacific countries of Papua New Guinea, Fiji, Tonga and the Solomon Islands have lured potential businesses to explore their seabeds for mineral extraction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brigade Enterprises and Singapore Sovereign Wealth Team Up

At higher frequency, foreign institutional investors are placing heavy bets on Indian real estate. Prime examples of public asset owners investing in Indian properties are the CPPIB, State General Reserve Fund of Oman, Abu Dhabi Investment Authority and Qatar Investment Authority. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


Siccar Point Energy Raises Private Equity and Sovereign Wealth Capital

The Blackstone Group, through Blackstone Energy Partners, and London-based Blue Water Energy have announced they will lead an investment of up to US$ 500 million in newly-formed Scotland-based Siccar Point Energy Limited. Siccar Point Energy is a new exploration, development and production company focused on the North Sea. [ Content protected for Sovereign Wealth Fund [...]


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