real assets

QIA and CDC Invest in African Property Company

Founded by African distributor CFAO, SGI Africa is a pan-African property company that develops and operates shopping centers primarily through its PlaYce brand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 26, 2016

Sujoy Bose Named CEO of NIIF Sujoy Bose was named chief executive officer of India’s National Investment and Infrastructure Fund (NIIF). He is the Director and Global Co-Head of Infrastructure and Natural Resources at International Finance Corporation (IFC), the private sector lending arm of the World Bank. Starwood Capital Seeks Buyers for U.S. Mall Portfolio […]


ADIA Invests in Macau Mall Development

The Abu Dhabi Investment Authority (ADIA) embarked on a 50:50 joint venture with Shun Tak Holdings Limited, a Hong Kong conglomerate, to invest in a shopping mall in Taipa, Macau. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Institutional Investors Who Go Direct Need to Think About Disruption

According to data from the Sovereign Wealth Fund Transaction Database (SWFTD), the pace of direct investing remains positive for both larger wealth funds and public pensions as allocating capital straight into companies and assets enables the possibility of greater control. In addition, the benefits of co-investing entails lower fees and expanding access to information asymmetry. […]


RDIF and Co-Investors to Back Reconstruction of Parts of M-4 Don Highway

The Russian Direct Investment Fund (RDIF) is investing in a project that will restructure portions of the federal M-4 Don highway in Russia, as part of its infrastructure partnership with Avtodor State Company formed in December 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SEGRO Moves Portfolio of Big Box Warehouses to JV

Public Sector Pension Investment Board (PSP Investments) acquired a 50% percent share in a European property portfolio of mega warehouses from SEGRO plc, a U.K. real estate investment trust (REIT), for €89.4 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 12, 2016

Hermes Investment Management Hires Former BlackRock Director Hermes Investment Management hired Gareth Davies as head of client relationship management. Davies will report to Mark Miller, Hermes’ head of U.K. and MENA institutional. Before joining Hermes Investment Management, Davies was Managing Director at BlackRock for around 10 years. At BlackRock, Davies was in charge of overseeing […]


doha sovereign wealth fund

QIA and India’s NIIF Sign MoU on Infrastructure Investing

Gulf sovereign investors have clearly signaled interest in allocating capital toward Indian infrastructure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Canadian Pension Money Backs Mega Mexican Toll Road

The twin Toronto giants, Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (OTPP), have formed a partnership with Impulsora del Desarrollo y el Empleo en America Latina SAB de CV (IDEAL), a Mexican infrastructure firm that is publicly-traded, to acquire minority ownership stakes in a toll road in Mexico. [ Content protected […]


Norway SWF Acquires Bigger Shares of Hudson Square Portfolio

Norges Bank Investment Management (NBIM) purchased an additional 4% in the Hudson Square joint venture with Trinity Church Wall Street, bringing the total ownership share up to 48% for the duration of the 75-year ownership period. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Qatar Sovereign Fund Acquires Asia Square Tower 1 from BlackRock

After trying to sell the massive office tower to institutional investors such as Norway’s sovereign wealth fund, BlackRock has found a buyer for Asia Square Tower 1, located along Marina View at Marina Bay. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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bcIMC to Corral Real Estate into New Entity

The British Columbia Investment Management Corporation (bcIMC), through its Realpool Investment Funds, formed QuadReal Property Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Eyes Blackstone’s Philippines Power Plant Assets

The massive Singaporean sovereign fund is a member of an investment group, consisting of Malaysian power company Malakoff Corporation and Macquarie Infrastructure Corporation, seeking to acquire New York-based Sithe Global Power LLC’s ownership interests in two Philippine power plants. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


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. ]


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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. ]