Alternatives

Asian Sovereign Wealth Fund VC Roundup – August 27, 2015

Wealth Fund Backs Beats Competitor Shenzhen-based 1More Inc., an audio device company established by three former Foxconn executives, is looking to challenge Apple’s newly prized Beats Electronics LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PGGM Part of Group That Buys Palamon PE Interests

Credit Suisse Private Funds Group has held an auction to sell stakes in two private equity funds managed by London-based Palamon Capital Partners, a pan-European private equity firm.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Investors Lineup for Tesco’s Homeplus

Institutional investors are bidding for Tesco’s South Korean unit called Homeplus Co Ltd. It is Tesco’s biggest business outside of the United Kingdom, generating 7.05 trillion won (US$ 5.9 billion) in 2014. Tesco has hired HSBC to manage the sales process. Tesco is looking to sell the unit to improve its balance sheet, still reeling [...]


Q&A with Jim Orlando, Managing Director of OMERS Ventures

This interview will appear in the 3Q Y2015 (October 2015) issue of the Sovereign Wealth Quarterly. This is a Q&A with Jim Orlando, Managing Director of OMERS Ventures 1. How would you differentiate the Canadian venture capital community with Silicon Valley? Silicon Valley is Silicon Valley. Every other ecosystem is going to be compared to [...]


Quebec Financial Institutions Participate in Manac Buyout

Caisse de dépôt et placement du Québec (CDPQ), the Fonds de solidarité FTQ, Investissement Québec and the Québec Manufacturing Fund L.P. announced on August 13, 2015, that together they are forming a consortium with Placements CMI to acquire Manac, the largest manufacturer of trailers in Canada. Placements CMI controlled by the family of Manac’s founder, [...]


TRUMP: Hedge Fund Guys Are Getting Away with Murder

Pensions, sovereign wealth funds, endowments and wealthy individuals are all major types of investors in hedge funds. Hedge funds and private equity funds pay capital gains tax versus the higher percentage amounts of an income tax. The top rate for capital gains is 20% versus the top rate on regular income of 39.6%. The argument [...]


Snapdeal Raises US$ 500 Million

  The battle for the online consumer marketplace is clearly on in India. Snapdeal is engaged in a battle with Flipkart and Amazon for dominance in the Indian online consumer market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


top 10 gamechangers

The Largest Sovereign Wealth Fund Private Equity Investors

The aggregate dollar amount of sovereign wealth fund capital toward private equity and private markets is expanding rapidly, according to data from the Sovereign Wealth Fund Institute (SWFI). SWFI researchers estimate, as of June 2015, US$ 415.36 billion was allocated to private equity, this includes direct stakes in private companies, not just interests in private [...]


Is Carlyle Failing at the Hedge Fund Game?

The Carlyle Group is fiercely competing against the Blackstone Group on creating the largest alternative investments powerhouse. Both firms are publicly traded. Founded as a firm purely focused on private equity buyouts, Carlyle has evolved, creating business lines in hedge funds, credit and real estate to serve its massive customer base of institutional investors. Many [...]


New Zealand Superannuation Fund Acquires Stake in Glass Tint Company

The New Zealand Superannuation Fund (NZSF) acquired a US$ 75 million stake in View Inc., a manufacturer of dynamic-tinting glass. Milpitas-based View designs glass that helps buildings avoid shades and blinds by using a technology known as an electrochromic window. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]


Temasek Backs Invoice Marketplace Platform

Singapore’s Temasek Holdings has invested in a number of financial startups. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


The Carlyle Group and GIC Buy Veritas From Symantec

The Carlyle Group, through Carlyle Partners VI fund, and Singapore’s GIC Private Limited, along with other co-investors are acquiring Veritas, an information management systems provider, from Mountain View-based Symantec Corporation for US$ 8 billion in cash. Upon the deal closing, Symantec expects to receive approximately US$ 6.3 billion in net cash proceeds, subject to certain [...]


Why Uber Could Be Done in China

  Sovereign wealth fund money has flowed into the consumer technology sector, parking capital into media-hyped startups like Flipkart and payments company Square. These sovereign investors placed strategic bets on the largest taxi app service companies. For example, back in 2014, the Qatar Investment Authority (QIA) invested in Uber Technologies Inc. Looking east, Didi Kuaidi [...]


Do Diverse Pension Plans Hire Diverse Investment Managers: The Answer May Surprise You

This article is sponsored by National Association of Investment Companies. Written by Alan Hughes of the National Association of Investment Companies (NAIC) As America’s population continues to become more diverse, the number of careers and economic opportunities in which members of these communities were historically shut out has gradually declined. In the corporate arena, management, [...]


TIAA-CREF Raises $3 Billion for Second Farmland Fund

Many institutional investors perceive farmland as a pure diversification play. TIAA-CREF raised US$ 3 billion for its TIAA-CREF Global Agriculture II LLC (TCGA II) fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth fund collateral

CASHING IN: Asian Sovereign Fund Times RE Selloff

Institutional investors are hungry for real estate, especially in global gateway cities. Low cap rates and lofty valuations are becoming irrelevant in the eyes of some sovereign investors and pensions that are viewing core real estate as a store of value rather than a yield generator. Pensions and wealth funds are going both direct and [...]


GAMECHANGER: CIC Officially Announces New Subsidiary

The China Investment Corporation (CIC), the largest sovereign wealth pool of capital in China, has officially announced the launching of its newest sovereign wealth enterprise (SWE) called CIC Capital Corporation. This subsidiary will focus on long-term investments such as infrastructure, farmland, forestry and fishery projects overseas. [ Content protected for Sovereign Wealth Fund Institute Standard [...]


F2i Raises Money from Large Asian Investors

Il Fondo Italiano per le Infrastrutture (F2i), an Italian infrastructure manager partly-owned by banks and state-owned institutions, has raised €1.2425 billion in capital for its second investment fund. More than 40% of the capital, about €500 million, was raised was ex-Italy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


Ireland’s SDSWF Forms €500 Million Joint Venture with KKR

Ireland’s Strategic Investment Fund (ISIF), the former National Pensions Reserve Fund, has partnered with private equity firm KKR Capital to form a €500 million residential property joint venture. ISIF is a strategic development sovereign wealth fund (SDSWF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


India deals

State Bank of India Commits $100 Million to 2nd Fund by Oman-India JIF

On July 23, Mumbai-based State Bank of India (SBI), a government-owned lender, committed US$ 100 million to a US$ 300 million fund being raised by the Mumbai-based Oman India Joint Investment Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]