OTPP and OMERS Back Smart Meters in the UK

The Ontario Teachers’ Pension Plan (OTPP), Borealis Infrastructure (part of the Ontario Municipal Employees’ Retirement System), and U.K.-based SSE plc are backing the formation of two new companies that will target the U.K. energy utility market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, March 23, 2017

Amazon to Acquire Souq E-commerce giant Amazon has agreed to acquire Dubai-based from its shareholders. Rumors say the sales price was roughly US$ 650 million. This transaction enables Amazon to expand retail e-commerce control in the Middle East. Institutional backers of Souq include Standard Chartered Private Equity, Singapore’s GIC Private Limited, Naspers, Baillie Gifford, […]

BVK Invests in Retail Properties in Spanish Urban Areas Through Hines Account

Bayerische Versorgungskammer (BVK) has committed €190 million to acquire two prime high street retail assets with associated office space in Madrid (located on Calle Preciados – Maestro Victoria) and Barcelona (located on Paseo de Gracia 17). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Qatar Royal Family Plans to Participate in Deutsche Bank Capital Raise

Deutsche Bank AG plans to raise €8 billion (US$ 8.6 billion) from an equity capital increase, according to its website. The German mega lender plans to strengthen its balance sheet by issuing 687.5 million new shares at €11.65 per share. This would be a 35% discount compared to the close on March 17, 2017. The […]

SWFI First Read, March 16, 2017

Elo, AP1 and Trevian Asset Management Form Finnish RE Joint Venture Elo Mutual Pension Insurance Company, Första AP-fonden (AP1) and Trevian Asset Management Oy have agreed to establish a €400 million joint venture company which invests in the Finnish property market. The venture will target mostly city center retail and office properties in major Finnish […]

Borealis and Wren House Let Macquarie Exit Thames Water

Borealis Infrastructure, an infrastructure unit of OMERS and Wren House, the infrastructure unit of the Kuwait Investment Authority (KIA), have agreed to acquire a 26% ownership stake in Kemble Water Holdings Limited, the holding company of U.K. water company Thames Water, from Macquarie. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]

SWFI First Read, March 3, 2017

Norway SWF Contemplates Risk Factors Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, is rethinking its asset allocation strategy when it comes to listed equities. NBIM has a new two-year strategy plan that plans to include risk factors into the portfolio. PIF Could Invest in German Financial and Technology Companies Saudi […]

The U.S. vs The Rest: Litigation Funding’s Local Characteristics

This article is sponsored by Goal Group. Even though the number of class action lawsuits brought to court is growing in mature jurisdictions around the world, the United States is still the largest market for securities and antitrust class action litigation. This is not least due to a number of crucial, and favourable, differences in […]

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 […]


KIA Managing Director Proposed to Join Daimler Supervisory Board

The Supervisory Board of Daimler AG plans to nominate Bader Mohammad Al-Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), to its board. Bader Mohammad Al-Sa’ad was ranked #7 on the inaugural Public Investor 100 in 2013. The annual shareholders’ meeting for Daimler will be held on March 29, 2017 in Berlin. Dr. Bernd Bohr […]

SWFI First Read, February 8, 2017

MORE CONSOLIDATION: Unigestion Buys Akina Unigestion is acquiring Zurich-based Akina Ltd which has US$ 2.6 billion in assets under management. The deal gives Unigestion greater exposure to private market assets under management. The combined businesses will trade under the Unigestion name. Temasek Invests in Series G Round in CarTrade [ Content protected for Sovereign Wealth […]

SWFI First Read, January 20, 2017

Trump to Inherit Nearly $20 Trillion in Public Debt U.S. public debt outstanding at the end of Barack Obama’s term has ended at US$ 19,961,467,137,973.64, according to the U.S. Treasury. The amount is just shy of US$ 20 trillion. When Obama won election in 2009, the U.S. public debt outstanding stood at US$ 10,626,877,048,913.08. Dallas […]

SWFI First Read, January 17, 2017

Carlyle Group to Become Largest Shareholder in Global Credit Ratings The Carlyle Group is poised to acquire nearly half of the equity of Johannesburg-based Global Credit Ratings (GCR), making the private equity firm the largest shareholder in the company. GCR is a ratings agency focusing on Africa. The sellers are Deutsche Investitions und Entwicklungsgesellschaft (DEG) […]

U.S. DOJ Slaps Volkswagen over Emissions-Cheating Scandal

German automaker Volkswagen AG is mired one of the costliest corporate scandals in world history. On January 11, 2017, the U.S. Department of Justice (DOJ), along with other U.S. agencies reached an agreement with Volkswagen on a number of charges after a 16-month investigation. The German auto giant was charged in the United States in […]

Another American Wind Investment Stumble for Foreign Asset Owners

Wind renewable investments are creating more headwinds for foreign asset owners. A joint company called Papalote that is owned by PensionDanmark and German energy giant E.ON is going to U.S. court to attempt a recovery of roughly US$ 300 million in losses over a dispute. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]

SWFI First Read, January 10, 2017

Marty Chavez Named CFO of Goldman Sachs R. Martin “Marty” Chavez was named Chief Financial Officer at Goldman Sachs. Previously, Chavez was Chief Information Officer at Goldman Sachs. Chavez joined Goldman Sachs in 1993 in the J. Aron Currency and Commodities division. From 1997 to 2000, he was Global Head of Energy Derivatives at Credit […]

Friday SWFI News Roundup, December 30, 2016

BIG DEAL: RBI Approves Fairfax Financial’s Bid to Buy Domestic Indian Bank The Reserve Bank of India (RBI) approved Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. ‘s bid to acquire a 51% ownership stake in Thrissur, Kerala-based Catholic Syrian Bank Ltd. This is a milestone deal because this is the first time the RBI […]

SWFI First Read, December 24, 2016

The Silverfern Group Invests in Broad River Energy Center Located in South Carolina On December 20, 2016, The Silverfern Group, finalized its acquisition of Broad River Power Holdings, an 878 MW dual-fuel, simple-cycle gas turbine electric power plant strategically located 40 miles from Charlotte, North Carolina, in partnership with Texas-based Arroyo Energy Investment Partners LLC. […]

Foreign Investors Acquire Two Major Frankfurt Properties, including TaunusTurm

A group of institutional investors has acquired a large stake in the iconic TaunusTurm skyscraper in the core of Frankfurt’s banking district from Commerz Real, the fund management unit of Commerzbank AG. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, December 22, 2016

U.S. President-Elect Donald J. Trump Names Carl Icahn as a Special Advisor U.S. President-elect Donald J. Trump named Carl Icahn as a special advisor to the President on issues relating to regulatory reform. “Carl was with me from the beginning and with his being one of the world’s great businessmen, that was something I truly […]