real assets

More UK Student Housing for GIC

Singapore’s GIC Private Limited and student housing operator GSA, in a partnership, bought a large U.K. student housing portfolio, which has 7,150 beds, from Oaktree Capital Management, L.P. for about for around £700 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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QIA Invests in Silicon Beach Office Property

Sovereign wealth funds continue to pursue core property investments through investment partners such as insurance companies, private real estate managers and real estate investment trusts (REIT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Temasek Eyes Stake in Major Indian IT Park Developer

A large Asian sovereign fund is looking at taking a stake in one of the biggest Indian real estate developers of information technology (IT) parks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s SWF Gets DC Fever

What better institutional real estate market is there other than D.C., where the U.S. federal government or lobbyists are key tenants? Cash-rich sovereign wealth funds often partner with large insurance companies or real estate firms to target core real estate in the United States. Norges Bank Real Estate Management, the real estate arm of Norges […]


Investor Group Led by QIC Pays $7.3 Billion for Port of Melbourne

The Port of Melbourne is Australia’s largest container port, handling approximately 2.6 million containers annually, according to its website. QIC led a group of investors, named the Lonsdale Consortium, to acquire a 50-year lease to operate the Port of Melbourne for A$ 9.7 billion (US$ 7.3 billion). [ Content protected for Sovereign Wealth Fund Institute […]


ADIA Puts Saltire Court on the Market

Saltire Court, an iconic office building in Edinburgh, is up for sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Alaska Permanent Fund Corporation Seeks to Sell More of American Homes 4 Rent

The Alaska Permanent Fund Corporation (APFC) has been a long-time backer of Agoura Hills-based American Homes 4 Rent, a single-family home rental company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 13, 2016

TPG Capital and CPPIB Invest US$ 500 Million in Viking Cruises TPG Capital and the Canada Pension Plan Investment Board (CPPIB) invested US$ 500 million for a combined stake of 17% in Bermuda-based MISA Investments Limited, the parent company of Viking Cruises. TPG and CPPIB are each investing US$ 250 million in MISA Investments. Credit […]


CalPERS Committed to Long-Term Quest for American Logistics

The California Public Employees’ Retirement System (CalPERS) experienced bumpy roads since 2000 in their quest for investing in U.S. warehouses and other logistic properties. Throughout the years, the pension giant terminated and hired real estate managers to run its allocation in logistics. For example in 2010, CalPERS fired LaSalle Investment Management and hired GI Partners […]


Former KIC CIO to Join Asian Infrastructure Investment Bank as Operational Advisor

Dong-ik Lee, who served once as the chief investment officer of the Korea Investment Corporation (KIC), has joined the Asian Infrastructure Investment Bank (AIIB) to be an operational advisor to private infrastructure sector investments. Dong-ik Lee will relocate to Beijing. He was ranked #20 in Public Investor 100 – 2013. AIIB’s president is Jin Liqun, […]


AustralianSuper Awards Canada RE Mandate to Bentall Kennedy

Superannuation fund giant AustralianSuper awarded a real estate investment mandate to Bentall Kennedy. [ 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 […]


CPPIB Buys 50 Percent Interest in Canadian Office Portfolio from Oxford Properties

The Canada Pension Plan Investment Board (CPPIB) has acquired a 50% ownership interest in a portfolio of high-quality office properties in downtown Toronto and Calgary at a gross purchase price of C$ 1.175 billion from Oxford Properties Group, the real estate arm of OMERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Norway Sovereign Wealth Hearts San Francisco Real Estate

Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), had inked two agreements to buy a 44% common equity interest in two Kilroy Realty Corporation companies that own two office properties in San Francisco. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SWFI First Read, August 25, 2016

JPMorgan Wins Custodial Mandate from Club Plus Super Club Plus Super, a superannuation fund with more than A$ 2.2. billion in assets under management, selected JPMorgan as it custody and fund services provider. This was after a competitive tender process. Club Plus Super will transition its services to JPMorgan before the end of the year. […]


Qatar Investment Authority Invests in Empire State Realty Trust

The Qatar Investment Authority (QIA) acquired a 9.9% economic and voting interest in the Empire State Realty Trust Inc. through newly-issued shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ping An Invests in South SF Life Sciences Complex Development

Shanghai-listed Greenland Group led a group of investors to buy a 42-acre waterfront site in South San Francisco, California to be called The Landing at Oyster Point. The site is for a US$ 1 billion life sciences complex. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 17

In this episode, I cover sovereign funds and pensions amplified interest in emerging market debt and the reasons why. I also discuss some of the ongoing issues and events associated with smart beta and factor-based investing. There is also coverage over developments with Kazakhstan oil, renewable energy investing and core real estate. I also brought […]


Top 3 Deadly Mistakes CalPERS Had Made in Institutional Real Estate

The California bear-of-an-investor has struggled with its public fund peers when it comes to real estate return performance. With roughly US$ 31.8 billion generously allocated toward real assets, the California Public Employees’ Retirement System (CalPERS) continues to compete for real estate in developed markets such as North America and Europe. Here are three major mistakes […]


GIC Hearts Manufactured Homes

Sovereign wealth funds are investing in nearly all levels of real estate, from parking meters to New York City skyscrapers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]