Germany

Hamilton Lane Eyes Europe to Grow Business

Bala Cynwyd, Pennsylvania-based Hamilton Lane recently had its initial public offering (IPO) earlier in 2017. Armed with more cash, the private equity / alternatives firm is betting on Europe to grow sales. Pension funds in Europe are increasingly allocating to low-cost beta products, while awarding mandates to private equity funds. In 2016, Hamilton Lane had […]


Mumtalakat Invests in German Air Ambulance and Special Missions Flight Company

Bahrain’s Mumtalakat Holding acquired a notable minority interest in Axtmann Aviation Holding GmbH. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 3, 2017

BVK Buys a Retail Center in Atlanta Suburb On behalf of Bayerische Versorgungskammer (BVK), CBRE Global Investors and Universal-Investment, have acquired the North Point MarketCenter in Alpharetta. Alpharetta is a suburb of Atlanta, Georgia, for roughly US$ 109 million. CBRE Global Investors plans to make improvements to the property. The seller was PGIM Real Estate. […]


Deutsche Bank M&A Executive Tom Cooper Exits

Since 2008, Deutsche Bank has struggled to get its investment banking division to where it used to be, losing to peers when it comes to generating substantial investment banking fees. Without fees and a shaky capital position, Deutsche Bank bled out high-profile bankers in the past two years. Deutsche Bank’s co-chairman of global mergers and […]


German Pension RVK Acquires Berlin Property

Rheinische Versorgungskassen (RVK), a German pension fund founded in 1888 whose members include civil servants in the region, acquired a central Berlin mixed-use property called Quartier am Auswärtigen Amt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

BVK and VKB Join Investor Group to Acquire the Olympia London Exhibition Centre

Versorgunskammer (BVK) and Versicherungskammer Bayern Group (VKB), which has €48.5 billion in assets, are part of an investor group buying the 130-year-old Olympia London Exhibition Centre for a gross cash consideration of £296 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 6, 2017

Citigroup Hires Shawn Borisoff as MD on Global Asset Managers Team Citigroup hired Shawn Borisoff to be a managing director on its global asset managers team which covers Europe, Middle East and Africa (EMEA) private equity deals. Borisoff will remain in London for the role and report to Anthony Diamandakis and Christian Anderson, executives at […]


NCB Capital Awards Fidelity Shariah-Compliant Real Estate Mandate

Middle East and Asian investors are cherry picking real estate investing in the core euro-zone region, seeking income-producing properties. NCB Capital, the investment banking division of Saudi Arabia-based National Commercial Bank, awarded a real estate mandate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NSSF

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 Souq.com 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

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 […]