real assets

Alaskan SWF Commits Half a Billion to Infrastructure Fund

The Alaska Permanent Fund Corporation (APFC) committed US$ 500 million to a fund managed by Global Infrastructure Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Parks Big Money in Manhattan Financial District Office

Mega sovereign wealth funds continue to circle around core markets in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, May 20, 2016

MOODY’S: U.S. Tech Giants Hold Massive Pools of Cash Ratings agency Moody’s Investors Service put out a study showing that Apple, Microsoft, Alphabet (formerly called Google), Cisco Systems and Oracle are sitting on US$ 504 billion, or 30%, of the US$ 1.7 trillion in cash and cash equivalents held by U.S. non-financial companies in 2015. […]


Mumtalakat Holdings Invests in Offices in Phoenix and Dallas

Bahrain’s Mumtalakat Holdings acquired a 49% stake in a 1.2 million square foot portfolio of seven Class-A office buildings for about US$ 250 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GeoPhy Expands Footprint with Asset Owners

APG, a manager of Dutch pension assets, and property data provider Delft-based GeoPhy are working together with regard to property data and international expansion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

See the Largest Real Estate Partners of Norway’s Sovereign Fund

Norway’s Government Pension Fund Global (GPFG) has been busy acquiring offices, logistical properties and retail assets in core cities and regions such as Europe and the United States. Often, the giant sovereign fund partners with real estate investment managers, life insurance companies and other asset owners when tackling large property or portfolio transactions. For example, […]


QIC Leads Investment in North Australian Pastoral Company

Pensions are hungry for Australian cattle. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, May 6, 2016

Round II for Glencore Ag Unit Glencore plc is in discussions to unload a further 9.9% stake in its agricultural unit. Glencore is on a mission to raise cash and is talking to bidders that lost to Canada Pension Plan Investment Board’s (CPPIB) 40% stake deal. These bidders include the Qatar Investment Authority (QIA), another […]


SWFI First Read, May 5, 2016

ICD Interested in Montenegro Port Holding [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

Wealth Fund Gets Heron Tower Refinancing

The tall 46-storey skyscraper Heron Tower, now called Salesforce Tower, in London was able to score a refinancing of £400 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIA and Ascott Acquire Islington London Property

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, is acquiring an Edwardian property in Islington, London through its serviced residence global fund with sovereign fund Qatar Investment Authority (QIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SOVEREIGN WEALTH: Hines Wins Large Mandate in Manhattan

Norway’s wealth fund continues to be a major institutional investor in U.S. core real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 22, 2016

Volkswagen Doubles Provisions to Pay for Emissions Scandal Volkswagen AG, which is backed by many institutional investors such as the Qatar Investment Authority (QIA), has doubled provisions to pay for the emissions-cheating scandal. The new amount is €16.2 billion compared to the older amount of €6.7 billion. CIC Hungers for Fried Chicken An investment group […]


First Quarter 2016 Real Estate Update: Marcus and Millichap

This article is sponsored by Marcus & Millichap. Across the country and across all sectors, there was a decrease in “activity” and transaction velocity in the first two months of 2016 from the strong pace of 2015. There does not seem to be a consensus on the reasons why, but industry professionals cite severe-stock market […]


CPPIB Could Cash Out on McGraw-Hill Building

The Canada Pension Plan Investment Board (CPPIB) is contemplating selling its interest in a Manhattan 51-story office property at 1221 Sixth Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC to Become Minority Owner in the Biggest U.S. Indie Electric Trans Company

On February 9, 2016, Canada-based Fortis Inc., an international diversified electric utility holding company, had announced they planned to acquire Michigan-based ITC Holdings Corporation, the largest independent electric transmission company, in a transaction valued at approximately US$ 11.3 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Follow the Money – Episode 7

This podcast covers activities during mid-April 2016. The big story is change in CalPERS’ real assets program and the impact it will have on the industry. Other topics covered include hedge funds, Saudi Arabia’s Public Investment Fund and deal activity. Follow the Money Show is available on asset.tv on the Asset Owner Channel. EPISODE 7 […]


REVEALED: CalPERS New Real Assets Program

The California Public Employees’ Retirement System (CalPERS) adopted a new strategic plan for its massive real assets program. CalPERS is a major institutional investor in real estate investing in core funds, joint ventures and co-investing in major properties. CalPERS is seeking to reign in risk, while reducing complexity and costs. Institutional investors are facing a […]


Sovereign Wealth Funds Keeping Pace in Direct Real Estate

When it comes to directly investing into real estate, sovereign wealth funds are keeping on pace. For example, for the first quarter of 2015, according to data from the Sovereign Wealth Fund Transaction Database, sovereign investors directly invested US$ 7.7 billion. For the first quarter of 2016, wealth funds directly invested US$ 7.56 billion (results […]


GIC Sees Opportunity in Indonesian Logistics

Singapore’s GIC Private Limited has been a major institutional investor in Asian logistic properties across Asia, in countries such as China and Japan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]