sovereign wealth india

Billionaire Prem Watsa Feeds OMERS’ Thirst for Indian Exposure

The Ontario Municipal Employees’ Retirement System (OMERS) finalized its participation in a private placement on January 13, 2017 to purchase 17,021,500 subordinate voting shares of Fairfax India Holdings Corporation, which is controlled by Toronto-based Fairfax Financial Holdings Limited, at a price of US$ 11.75 per share for total consideration of US$ 200,002,625. Before the placement […]

Why CPPIB and Ares Withdrawing Neiman Marcus from its IPO is a Big Deal

Are large-chain physical retail stores decaying in North America? Are financial investors failing department store retail? Direct institutional investors such as the Canada Pension Plan Investment Board (CPPIB) and other private equity firms plugged in mounds of capital into department store companies in North America. Will these significant financial bets pay off? The bad news […]

Kuwait Government to Sell Shares in Az-Zour Project

As the population of Kuwait grows, demand for electricity and water has been increasing. The Az-Zour North Independent Water & Power Project is a significant development occurring about 100 kilometers south of Kuwait City. On November 26, 2016, the power project portion was completed, giving the region a 1,500 MW natural gas-fired combined cycle power […]

SWFI First Read, December 28, 2016

Actis Disposes Remaining Stake in Umeme London-based Actis, through its holding entity Umeme Holdings Limited (UHL), disposed its entire 14.3% minority stake, some 232,214,521 shares, in Uganda-based Umeme Ltd, an electricity distribution and supply company. Actis sold an over-subscribed block of 12% in Umeme to institutional investors including the Uganda National Social Security Fund (NSSF) […]

Volvo Cars Primes for IPO

Zhejiang Geely Holding Group Co., Ltd, also known as Geely, is a Chinese automobile manufacturer headquartered in Hangzhou, Zhejiang. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

5 Signs Showing Sovereign Funds Gearing for Spending in 2017

1. Sovereign Investors are Falling Short on Infrastructure Targets There is a compelling reason why many sovereign fund executives attend conferences, chat with bankers constantly and spend internal resources on networking. Finding quality infrastructure investments is a tough endeavor. Long-term wealth funds have revamped their allocations over the past few years to target more real […]

Friday SWFI News Roundup, December 2, 2016

In case you missed – Follow the Money – Episode #25 Jo Taylor Promoted to Senior Managing Director, International Bjarne Graven Larsen, Chief Investment Officer, Ontario Teachers’ Pension Plan (OTPP), announced that Jo Taylor has been promoted into the new role of Senior Managing Director, International, effective January 1, 2017. Taylor joined OTPP in 2012 […]

Follow the Money – Episode 24

Rachel and I return to the “Follow the Money Show” after a short pause. We briefly touch upon the U.S. election results and discuss how the outcome has impacted markets so far. We also chat about infrastructure deals. Rachel shifts to chatting about Latin America and the economic bifurcation of Brazil and Argentina. We also […]

SWFI First Read, November 3, 2016

GIC May Sell Shares in Shakey’s Singapore’s GIC Private Limited may be selling some of its listed shares in Shakey’s Pizza Asia Ventures Inc. GIC may sell the shares depending on the final initial public offering price (IPO). Elliott Management to Acquire Controlling Stake in Aeolus Capital Management Elliott Management Corporation, founded by hedge fund […]

SWFI First Read, October 30, 2016

Social Video Software Company Wochit Raises Money Increasingly, digital publishers are relying more on video production; however, videos can take more time to produce compared to written content. Startup company Wochit, which is based in New York City, is a video software company. Wochit raised US$ 13 billion in its latest funding round from a […]

Friday SWFI News Roundup, October 7, 2016

Bloom Energy Looks to IPO Sunnyvale, California-based Bloom Energy Inc., a manufacturer of fuel-cell power generators, is looking to have its initial public offering (IPO) after much delay. Some sovereign funds that have financially backed Bloom Energy include the New Zealand Superannuation Fund (NZSF) and Alberta Investment Management Corporation (AIMCo). GETTING BIGGER: Saudi Aramco Reveals […]

Gulf Sovereign Fund Invests in Series D Round in Apttus

San Mateo-based Apttus, a cloud-based software maker focused on the quote-to-cash process, raised US$ 88 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, September 4, 2016

Nissay Asset Management and DBJ Asset Management Company Form Private REITs Nissay Asset Management, a subsidiary of Nippon Life, and DBJ Asset Management Company, a unit of the Development Bank of Japan (DBJ), formed private real estate trusts (REIT) for Japanese institutional investors to access. Nippon Life was seeded with property valued at 30 billion […]

SWFI First Read, September 1, 2016

Australian Future Fund Reaches A$ 122.79 Billion in Assets As of June 30, 2016, Australia’s Future Fund reached A$ 122.79 billion in assets. The fund has generated 7.7% annual return over the last 10 years. The wealth fund has a 21.7% allocation to cash. Korea Post Nears Deal on Natixis HQ in Paris [ Content […]

Friday SWFI News Roundup, August 19, 2016

Temasek Sells 21% Stake in Intouch Holdings to Singtel Singapore’s Temasek Holdings, through its sovereign wealth enterprises, is selling a 21% stake in Intouch Holdings, a Thailand telecommunications conglomerate formerly known as Shin Corporation, to Singtel for S$ 2.47 billion. Singtel is 51% owned by Temasek. Singtel is funding the transaction by issuing short-term debt, […]

Norway Sovereign Fund Generates 1.3% Return for 2nd Quarter 2016

Norway’s Government Pension Fund Global (GPFG) is one of the most written about sovereign funds. The massive sovereign fund had struggled in first quarter performance, while the fund dealt with a 24 billion kroner withdrawal in the second quarter of 2016 from the Norwegian government. However, the fund posted a 1.3% return for the second […]

SWFI First Read, August 1, 2016

Fosun to Buy Rio Bravo Investimentos Chinese conglomerate Fosun Group has agreed to acquire Brazilian fund manager Rio Bravo Investimentos. Rio Bravo Investimentos has around 10 billion BRL (US$ 3 billion) in assets under management. Dilip Buildcon Gets Anchor Backing from ADIA and Others [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]

Gulf Wealth Fund Invests in Advanced Enzyme Technologies

Advanced Enzyme Technologies Ltd., based in Thane, India, allocated shares to cornerstone investors before its initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, July 11, 2016

Deutsche AM Nabs Prudential Real Estate Executive for APAC Deutsche Asset Management hired Victoria Sharpe as managing director and head of real estate, Asia Pacific. Based in Singapore, she will report to Pierre Cherki, Head of Alternatives at Deutsche Asset Management. Most recently, Sharpe was Head of the Global Client Capital Group at TH Real […]

factor investing growth

Possible Merger Talks, CICC and China Investment Securities

As Chinese brokerage firms gracefully mature, industry consolidation accelerates. Beijing-based China International Capital Corporation (CICC) and Shenzhen-based China Investment Securities Co. are in discussions regarding a possible merger. CICC was founded in 1995. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]