Australia
tibbles

SWFI First Read, June 21, 2017

Former Shutterfly CEO Joins Vision Fund Jeffrey T. Housenbold, the former CEO of Shutterfly, Inc., has joined SoftBank Group as a senior investing member of the massive Vision Fund. Bidders Lineup for Senior Housing Business of LendLease China-based Cindat Capital Management, The Blackstone Group and GIC Private Limited are among a group of suitors for […]


Equip Super and Rio Tinto Super Agree to Merge

Equip Super Pty Ltd and the Rio Tinto Staff Superannuation Fund held talks in the beginning of the year to merger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund Invests in Video Analytics Firm Conviva

Foster City, California-based Conviva raised US$ 40 million in a recent round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS is Done with Thermal Coal Companies

On February 3, 2016, the Board of the California State Teachers’ Retirement System (CalSTRS) voted to divest from U.S. thermal coal companies. Fast forward to June 2017, the CalSTRS board has now voted to divest from all non-US thermal coal holdings, effective July 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI – Movers and Shakers – June 7, 2017

Taro Ogai Named as Head of Investments for APAC at Willis Towers Watson Willis Towers Watson appointed Taro Ogai as head of investments for Asia Pacific (APAC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 38

Rachel and I discuss the SoftBank Vision Fund, Saudi Arabia, the Middle East and sovereign wealth funds in this episode of Follow the Money. Rachel gives her opinion on the Blackstone infrastructure fund. This podcast was recorded on May 24, 2017. Download the Episode CONTENTS 1:05 Chatting about Saudi Arabia, SoftBank Group and Sovereign Wealth […]


Australia’s Future Fund Has Benchmark Return Modified

In a document titled, Future Fund Investment Mandate Direction 2017, the Australian government’s mandate for its Future Fund has changed. The benchmark return was modified to an average over the long-term consumer price index (CPI) to +4% per annum to 5% per annum. This means the sovereign fund’s target mandate was lowered; the Future Fund […]


SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


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. ]


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 […]


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 […]


australia infrastructure

bcIMC and QIA Get Exposure to Endeavour Energy Deal

An investor group called Advance Energy led by Macquarie Infrastructure & Real Assets won a bid to acquire a majority stake in Endeavour Energy, a New South Wales (NSW) government utility company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 8, 2017

Harvard Management Company Seeks to Sell Major Private Market Interests, Over US$ 2.5 Billion Harvard Management Company (HMC) is seeking to sell an excess of US$ 2.5 billion worth of fund interests in private equity, real estate and venture capital. US$1 billion is in private equity and venture capital interests with the rest in real […]


SWFI First Read, May 4, 2017

Tasplan Awards Mandate to IFM Investors Tasplan is a superannuation fund based in Hobart, Tasmania. Tasplan awarded a A$ 670 million mandate for IFM Investors to run an actively managed Australian core equities strategy. This coincides with the RBF Tasmanian Accumulation Scheme transferring assets to Tasplan from April 2017. Alaska Permanent Fund Approaches $60 Billion […]


Public Fund-Backed LBC Tank Terminals Sells Some Euro Assets to Alkion Terminals

Mechelen, Belgium-based LBC Tank Terminals is one of the biggest operators of bulk liquid storage facilities for chemical petroleum products and base oil products. LBC Tank Terminals is owned by PGGM, APG Asset Management, State Super and Sunsuper. Owners of LBC Tank Terminals LBC Tank Terminal Investor Official Holder Investor Inception Ownership Percentage PGGM ThroughStichting […]


SWFI First Read, April 28, 2017

Australia’s Future Fund Rides the Bullish Wave into March 2017 As of March 31, 2017, the Future Fund reached A$ 129.6 billion in assets. David Neal, Managing Director of the Future Fund, said in a press release, “The Future Fund’s overall risk level remains unchanged and towards the lower end of our normal expectations. This […]


SWFI First Read, April 23, 2017

Schroders to Buy Adveq In a bid to diversify into the lucrative world of alternative investments, Schroders PLC, a FTSE 100 investment management company, made its move to buy Adveq Holding AG (Adveq), a specialist private equity business. Adveq was founded in Zurich in 1997. Bruno E. Raschle, Executive Chairman of the Board of Directors […]


australia infrastructure

First State Super and Others Enter in Land Title Deal with NSW

In a ground breaking deal, First State Super, Hastings Funds Management and other investors have agreed to pay A$ 2.6 billion to manage New South Wales state’s land registry, Land and Property Information (LPI), for 35 years. This unique transaction permits the investor group to levy fees for property ownership registrations in New South Wales […]


SWFI First Read, April 14, 2017

Slight Postponement in QIA-BRF Deal for Banvit The Qatar Investment Authority (QIA) and BRF SA’s deal to acquire Banvit Bandirma Vitaminli Yem Sanayii AS (Banvit), Turkey’s largest poultry producer, has been briefly postponed due to document and precondition issues. In a public filing, Banvit revealed paperwork wasn’t ready in time for the company’s annual general […]