ADIA Looks to Dump 2 Billion in Private Equity Secondaries

Institutional investors such as public pensions, financial institutions and sovereign wealth funds eye secondary market sell-offs to reconfigure private equity portfolios.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Wealth Funds Plow Money into Chinese Logistics

The Norwegian, Singaporean and Chinese sovereign wealth funds are not the only big institutional investors moving capital into logistics properties and warehouses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Public Release – 2Q 2014 Linaburg-Maduell Transparency Index Ratings

The second quarter results for 2014 on sovereign wealth fund transparency have now been released to the public. The Linaburg-Maduell Transparency Index was developed at the Sovereign Wealth Fund Institute by Carl Linaburg and Michael Maduell. Some new sovereign funds have been added to the sovereign wealth fund transparency grading. The Nigerian Sovereign Investment Authority [...]

Why Sovereign Funds Use the Cayman Islands for Cross-Border SPVs

Sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) utilize Cayman Island entities to facilitate cross-border transactions, primarily to North America. The British Overseas Territory in the western Caribbean Sea is a popular offshore jurisdiction, deriving its court system from the English system. The Cayman Islands is not just for hedge funds, insurance companies [...]

Alberta’s Sovereign Wealth Inch Toward Cleantech Investments

Alberta’s public purse looks to venture capital to make the province’s heavy-weighted energy sector less costly and cleaner. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Sovereign Funds a Key Driver of Institutional Real Estate Demand

More and more sovereign wealth funds and foreign pension investors are buying up core real estate. Core markets are being saturated with yield-hungry investors, thus lowering cap rates. Public pension funds are looking to regional cities again, targeting high-income producing properties. For example, the Alaska Permanent Fund, through LaSalle Investment Management, bought the Golden Square [...]

Temasek Gets a Little Boost

Singapore’s Temasek Holdings got a little boost, moving up to a S$ 223 billion net portfolio value. Temasek marks its 40th anniversary; however, returns struggled with a 1.5% total shareholder return in Singapore dollars. The previous fiscal year, the sovereign fund inked 8.9%. The reason for lowered performance given in Temasek’s annual report is weakness [...]

Public Fund-Backed Hayfin Up for Sale

London-based Hayfin, also known as Haymarket Financial, is being sold off after TowerBrook Capital Partners decided to sell the business. Hayfin manages over €5.3 billion in a range of financial products such as collateralized loan obligation funds. Hayfin is an entity that focuses on private debt and was created by TowerBrook, OMERS Private Equity, the [...]

See Which Sovereign Wealth Fund Invested in a Former Facebook Office

Sovereign wealth funds and other foreign institutional investors have plowed capital into London, New York and San Francisco core real estate. Analyzing yield options, institutional property investors are reengaging the suburbs, especially areas with a technology-focus such as Austin, Texas and the Bay Area (California). Conveniently located within the Stanford Research Park, 1050 Page Mill [...]

Islamic Development Bank Launches Mega Infrastructure Fund

The IDB Infrastructure Fund II is the largest private equity infrastructure fund aimed at the 57 member countries of the Islamic Development Bank. A core focus of the fund will lie with the larger member countries of Indonesia, Saudi Arabia and Turkey. All infrastructure sectors will be considered, but the infrastructure fund will mostly focus [...]

North Dakota State Investment Board Hires New EM Equity Manager

The North Dakota Legacy Fund, managed by the state’s Retirement and Investment Office, at the direction of the North Dakota State Investment Board, has hired a new fund manager. The State Investment Board manages assets for a number of other North Dakota state funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. [...]

IFC Catalyst Fund Raises US$ 418 Million Toward Climate-Related Investments

The IFC Catalyst Fund is a private equity fund of funds focused on providing growth capital for companies delivering resource efficiency and low-emission products and services in emerging markets. The fund is managed by IFC Asset Management Company LLC, a wholly-owned subsidiary of the International Finance Corporation (IFC). The IFC Catalyst Fund has raised about [...]

MOOO: Sovereign Funds Thirst for Dairy

The dairy sector has attracted a significant number of public investors including sovereign wealth funds. Singapore’s GIC Private Limited and Olympus Capital led a group of investors to invest US$ 106 million in China’s Huaxia Dairy Farm Ltd. The Singapore sovereign wealth fund is investing the bulk of the capital at US$ 70 million. Olympus [...]

Sovereign Wealth Funds and Russia

REBOUND: Foreign Institutional Investors Buy More of Moscow Exchange

The Central Bank of Russia is selling a stake of the Moscow Exchange to a consortium of institutional investors led by the Russian Direct Investment Fund (RDIF). The RDIF was a cornerstone investor in the Moscow Exchange’s initial public offering back in February 2013. Institutional Investors [ Content protected for Sovereign Wealth Fund Institute Standard [...]

Kuwait Sovereign Wealth and Fondo Strategico Italiano Create FSI Investimenti

The government of Italy is building strategic economic ties with the Gulf countries – thus marking a previous set of transactions with Qatar’s sovereign wealth fund. Fondo Strategico Italiano (FSI) and the Kuwait Investment Authority (KIA) have developed an investment entity with commitments and assets worth €2.185 billion. The entity called FSI Investimenti is 77% [...]

Service Providers Bet Big on ESG

The concept of ESG (environmental, social, governance) is building greater traction among institutional investors globally, especially in the West. Norway’s Government Pension Fund Global (GPFG), a bellwether among large public investors, is increasingly shifting assets toward environmental-tilted strategies and taking a slightly more vocal role on corporate boards to affect change. This type of activist [...]

Former CalPERS CEO to Plead Guilty in Pension Fiasco

Federico R. Buenrostro, the former CEO of the California Public Employees’ Retirement System (CalPERS), will enter a guilty plea next week. This is in relation with a bribery scandal that sent shockwaves to the pension world and asset management community. Buenrostro’s lawyer, Sacramento-based lawyer William Portanova, revealed the plea news on June 30th. Before that [...]

Alaska Permanent Fund Spends Money on Golden Square Shopping Centre

The Alaska Permanent Fund Corporation (APFC) gave a £250 million mandate to LaSalle Investment Management toward UK properties – seeking properties in the range of £50 million to £150 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Abu Dhabi Investment Authority Releases 2013 Annual Report

The Abu Dhabi Investment Authority (ADIA) has released its 2013 annual report. The Gulf sovereign wealth fund detailed its 2013 experiences and organizational changes. ADIA’s Managing Director Hamed bin Zayed Al Nahyan commented in the report that, ” Beyond China, the emerging market world is becoming far more diverse, and less easy to classify. Meanwhile, [...]

Sovereign Wealth Fund Institute Releases Public Fund League Table

The Sovereign Wealth Fund Institute (SWFI) has released a public fund league table that seeks to track all public funds over US$ 10 billion in assets. These funds include national pensions, sovereign wealth funds, public pensions, superannuation funds and other public investment entities. This ongoing initiative hopes to bring transparency to the public investor industry. [...]

July Issue - Special on Superannuation Funds and SWFs

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