real assets

AP3 Partners with Sveafastigheter

The third Swedish pension buffer fund AP3 has elevated its head of asset management to chief investment officer. Mårten Lindeborg is chief investment officer and deputy CEO, replacing Kerim Kaskal who is leaving AP3 to start his own asset management company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


GIC Kicks in $300 Million in Indian RE JV

Singapore’s GIC Private Limited is kicking in US$ 300 million to invest in a real estate joint venture in India. The wealth fund has made active strides in real estate developments in core cities across the subcontinent. The joint venture is with New Delhi-based real estate developer DLF Home Developers Ltd, a wholly-owned subsidiary of [...]


POWERS UNITE: TIAA-CREF, AP1 and AP2 Pool European RE Portfolios

The Swedish buffer funds AP1 and AP2, along with TIAA-CREF have pooled their European real estate portfolios together to form a €4 billion joint venture called Cityhold Office Partnership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kuwait Sovereign Wealth Fund Eyes London City Airport

The London City Airport, located near Canary Wharf financial district, is up for sale as its owner Global Infrastructure Partners seeks to cash in.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Commits Direct Investment in Malaysian Real Estate Development

Increasingly, asset owners are working with Asian developers on large real estate projects. Simply put, asset owners such as sovereign funds and large Canadian pensions have the money and the developers need the capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Oman’s SGRF Buys Hotel in Central Paris

Oman’s State General Reserve Fund (SGRF), one of Oman’s sovereign funds, acquired a majority interest in the Marriott Ambassador Paris Hotel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – August 17, 2015

CBRE Global Investors Appoints Ferguson as Global CIO T. Ritson Ferguson has been named global chief investment officer of Los Angeles-based CBRE Global Investors. This is a new role. Ferguson will maintain his role as CEO and Co-CIO of CBRE Clarion Securities, the equity securities management arm of CBRE Global Investors. Ferguson joined CBRE in [...]


REVEALED: Trump Says Kuwait Sovereign Fund Not Keen on U.S. Deals After War

  U.S. Republican Primary Presidential Candidate Donald Trump was interviewed by NBC News Host Chuck Todd on August 16th on the show, Meet the Press. Trump is leading the Republican U.S. Presidential Primary in a number of polls in the early primary states of Iowa and New Hampshire. Among a myriad of topics and issues, [...]


Friday SWFI News Roundup, August 14, 2015

Former Temasek China Chief Leaves for Morgan Stanley Executive Role Morgan Stanley plans to hire Wing Dei, the former head of China of Singapore’s Temasek Holdings. Wing Dei will become vice chairman of Morgan Stanley’s Asia Pacific investment banking unit. Ding is an investment banker by trade and worked at China International Capital Corporation (CICC). [...]


GIC Brigade Joint Venture Acquires Nerolac Paints Land

Brigade Properties is a joint venture between Singapore’s GIC Private Limited and Brigade Enterprises. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Poised to Acquire West One Shopping Centre

Norges Bank Investment Management (NBIM), the manager of Norway’s Government Pension Fund Global (GPFG), has won the bidding to acquire the West One Shopping Centre from Orchard Street Investment Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Investors Back Sub-Saharan Africa Telecom Infrastructure Fund

Johannesburg-based Convergence Partners raised one of the biggest communication technology infrastructure funds in sub-Saharan Africa – hitting more than US$ 200 million in commitments. Most of the backers were Western development institutions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Chinese Sovereign Fund to Become Major Landlord in Sydney Office Market

Globally, record low interest rates have intensified sovereign wealth funds thirst for yield. The China Investment Corporation (CIC), through its unit CIC International, has won the bidding for Investa Property Group’s portfolio of nine office towers known as Investa Property Trust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


Ireland

Ulster Bank Prefers Chartered Land and SWF Team for Ballsbridge Site

Dublin-based Chartered Land Limited, an Irish real estate developer, and the Abu Dhabi Investment Authority (ADIA) are in close negotiations on acquiring a land parcel in Dublin suited for development. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Completes Logistic Portfolio Purchase from Prologis

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, acquired a 50% stake in a logistics portfolio through their joint venture with Prologis. The seller was Prologis who owned 100% of the portfolio. The portfolio is comprised of eight properties located in the United Kingdom, Poland and France with a total volume [...]


private equity

Global Logistic Properties Bets Big on Chinese Logistics Demand

Global Logistic Properties Ltd. (GLP) is forming a massive US$ 7 billion fund that will target China-based logistics. The fund is more than double the size of its previous China fund, CLF I. The Singapore-listed company operates warehouses in China, Japan, Brazil and the United States. GLP partnered on a huge deal with Singapore’s GIC, [...]


Foreign Asset Owners Invest in Brazilian Malls

Singapore’s GIC Private Limited is paying 132.4 million reals (US$ 41.89 million) for a 35% minority stake in Via Parque Shopping from Brazil-based Aliansce Shopping Centers S.A. The mall property is controlled by developer and operator Aliansce Shopping Centers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


CapitaLand and Qatar Investment Authority Form JV Residence Fund

Singapore-based CapitaLand through its serviced residence business unit, The Ascott Ltd., entered into a 50:50 joint venture called Ascott Serviced Residence (Global) Fund Pte. Ltd. with the Qatar Investment Authority (QIA) to form a US$ 600 million serviced residence fund. Ascott Limited is one of the largest serviced residence owner-operators outside of the United States. [...]


KIA Acquires Stake in Associated British Ports

On July 8th, Kuwait Investment Authority (KIA) finalized its purchase of a 10% direct stake in Associated British Ports Ltd. Associated British Ports is now 33.3% owned by Borealis (a unit of OMERS), 33.3% by Anchorage Ports LLP (owned by Canada Pension Plan Investment Board and Hermes Infrastructure), 23.3% by Cheyne Walk Investment Pte Ltd [...]


SWFI – Movers and Shakers – July 7, 2015

John McCarthy Rejoins Starwood from Abu Dhabi Investment Authority John McCarthy is coming back to Starwood Capital Group as managing director, global capital raising. From 2009 to 2012, he was global head of asset management at Starwood Capital Group. Before rejoining the Greenwich-based company, McCarthy was a Senior Portfolio Manager and Deputy Head of Europe [...]