China

Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 21, 2017

SOURCES: China NSSF Has an Annual Average Investment Yield of 8.4% Since Inception China’s National Council for Social Security Fund (NSSF) has an annual average investment yield of 8.4% in the 16 years since it was founded. This is according to local Chinese news reports from an official of the organization. The news sources report […]


Cityhold Office Partnership Sells Paddington Central Office to CC Land Holdings

Hong Kong-based CC Land Holdings Limited, an investment vehicle owned by Cheung Chung-Kiu, acquired a London office building for £292 million from the Cityhold Office Partnership. The Cityhold Office Partnership is a real estate joint venture between Sweden’s AP1 and AP2. TIAA is also part of the partnership and manages it through its property unit […]


SWFI First Read, February 17, 2017

HNA Group Buys Small Stake in Deutsche Bank China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank. GIC Sold Some Shares in CGN Power Co., Ltd Singapore’s GIC Private Limited lowered […]


Follow the Money – Episode 32

This episode was recorded on February 15, 2017. Rachel and I break into chatting about the SoftBank/Fortress Investment Group transaction. Rachel reports on VietJet, while I discuss direct wealth fund deals into mainland China. We dive into emerging market deals in countries such as Brazil and India. I talk about direct deals and the headaches […]


SWFI First Read, February 16, 2017

ADIA and CDPQ Eye Autostrade Investment Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia. Mubadala Investment Company […]


Is Singapore’s GIC Slowly Backing Away from Sinotrans?

Beijing-based Sinotrans Limited is one of the largest logistics firms in China, founded in 2002. The majority shareholder of Sinotrans Limited, which is listed on the Hong Kong Stock Exchange, is Sinotrans & CSC Holdings Co., Ltd (controlling 53.44% as of December 31, 2015). Sinotrans & CSC Holdings Co., Ltd., China’s second biggest shipping company […]


China-Russia Tongjiang Rail Bridge Back on Track

The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 14, 2017

U.S. Senate Confirms Mnuchin for Treasury Secretary In a 53 to 47 vote that was mostly along party lines, the U.S. Senate has confirmed Steven Mnuchin for U.S. Treasury Secretary. Mnuchin was CEO of OneWest Bank, the entity that acquired IndyMac. Nordea Gets Political Over Dakota Access Pipeline Nordea has decided to divest from bonds […]


Algerian Government Permits New $3.3 Billion Deep Water Port

Oil and gas comprises the majority of Algeria’s export revenues. The Algerian government has permitted construction to start on a new deep-water port at El Hamdania which is roughly 80 kilometers west of Algiers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mainland China Experiencing Slowdown in Wealth Fund Direct Deals

With China experiencing a deceleration in economic growth, heightened geopolitical tensions, and rising risks in the country’s traditional financial sector, wealth fund direct investments have slowed down to a crawl in 2016 compared to 2015. Direct Transactions into Mainland China by Sovereign Wealth Funds – Billions USD Even though there is an abundance of institutional […]


Russian Direct Investment Fund Expects Capital Boost

The Russian Direct Investment Fund (RDIF) has been making deals with governments, wealth funds and corporations across the Eastern hemisphere. RDIF has also formed a number of joint investment vehicles with sovereign funds such as the China Investment Corporation (CIC) and Qatar Investment Authority (QIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI First Read, February 7, 2017

CITIC Capital Partners Raises Third Japanese Buyout Fund CITIC Capital Partners Limited, the private equity arm of CITIC Capital Holdings Limited, closed its third Japan buyout fund called CITIC Capital Japan Partners III. The fund had a hard cap of 30 billion JPY, attracting both Japanese and non-Japanese investors. The investor base included a sovereign […]


Wealth Fund Capital Backs Hou An Innovation Fund

Asian asset owners are backing innovation investments within China. The China Investment Corporation (CIC), Silk Road Fund, Singapore’s Temasek Holdings and Shenzhen government-owned conglomerate Shum Yip Group Ltd. have formed a technology investment fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 2, 2017

QIA Sells Some Shares in Agricultural Bank of China According to Hong Kong filings, Qatar Investment Authority (QIA) sold 3.84 million H shares of Agricultural Bank of China Ltd. The shares were sold at an average price of HK$ 3.26 per share on January 27, 2017. Post-transaction, the QIA owns a 11.99% stake in the […]


SWFI First Read, January 30, 2017

Kung hei fat choi! (January 28, 2017) The Year of the Rooster has arrived. Kimberley Stafford to Lead PIMCO’s APAC Business Newport Beach-based Pacific Investment Management Company (PIMCO) named Kimberley Stafford as the new head of Asia-Pacific. She plans to relocate to Hong Kong by the middle of 2017. Stafford was Managing Director and Global […]


FSDEA Invests in Cabinda Port Development

Fundo Soberano de Angola (FSDEA) is investing US$ 180 million into the country’s first deep-sea water port in Cabinda, called Caio Porto SA, for a 50% ownership stake. Cabinda is the capital city of the Cabinda province, an northern exclave of Angola. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Alibaba’s Koubei Finalizes Latest Round

Alibaba Group Holding Ltd. had brought together a group of investors for a US$ 1.1 billion round in its on-demand services unit called Koubei. Koubei operates in the cutthroat world of food delivery. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 23, 2017

JPMorgan Attempts to Sell Indian IPP to Government Buyers The UK Green Investment Bank Plc and Oman’s State General Reserve Fund (SGRF) are eyeing a deal to acquire at stake in Leap Green Energy Pvt. Ltd., an Indian independent power producer backed by JPMorgan Asset Management Holdings Inc., a unit of JPMorgan. JPMorgan controls a […]


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 […]