Alternatives

Oman’s SGRF to Help Finance Spanish Firms

Oman’s State General Reserve Fund (SGRF) is allocating some capital to earn yield on Spanish businesses looking to go abroad. The SGRF and Compañía Española de Financiación del Desarrollo (COFIDES), a partly state-owned firm founded in 1988, are creating a joint investment fund. Shareholders of COFIDES include the Bank of Bilbao Vizcaya Argentaria (BBVA), Santander [...]


Friday SWFI News Roundup, April 24, 2015

Qatar Sovereign Wealth Capital Backs North African Resorts Bangkok-based Minor Group is working with Qatari Diar Real Estate Investment Company, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), to construct two new resorts in North Africa. The resorts will be Anantara resorts. One of the resorts, Anantara Tozeur Resort, will be based in [...]


Pavilion Capital Joins KKR Investor Group to Buy Interest in Ticket Monster

  Chicago-based Groupon Inc. is selling a controlling interest in Ticket Monster Inc, South Korea’s second biggest online e-commerce company, to a group of investors led by KKR (through KKR Asia Fund II) for US$ 360 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 17, 2015

Ola Raises Money from Hedge Funds and Singapore Sovereign Wealth Fund Singapore’s GIC Private Limited invested in a US$ 400 million round in Ola, an Indian cab service. Ola is owned by ANI Technologies. Some other investors in the round are DST Global and hedge fund Falcon Capital Edge LP. QIA to Play Role in [...]


2 Little Deals in India That Prove Sovereign Wealth Funds are Serious

Increasingly, sovereign wealth funds are participating in varying segments of India’s markets whether in startups, real estate development or infrastructure. For example, Singaporean sovereign funds have participated in investment rounds in e-commerce companies such as Snapdeal and Flipkart. On a higher level, government officials from India are contemplating trade ideas with surrounding countries. On April [...]


Spotify Nears $8.4 Bil Valuation, Attracting Sovereign Wealth

  Spotify AB, a streaming-music platform, is raising its seventh round of capital approaching US$ 400 million for a private placement. This would value the song-streaming company at US$ 8.4 billion. Spotify raised US$ 250 million in its last round back in November 2013. Spotify, first launched in 2008, competes heavily against Pandora Media Inc. [...]


factor investing growth

Sovereign Fund-Backed Manager Launches Islamic ETF

In October 2014, Ernst & Young LLP forecasted that global Islamic banking assets will mushroom to US$ 3.4 trillion by 2018. The growth of the Islamic bond market (sukuk) has outpaced Shariah-compliant equity investments over the past few years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


Outsized Performance is Met With Outsized Demand

This article is sponsored by National Association of Investment Companies. Written by Alan Hughes of the National Association of Investment Companies (NAIC) Achieving oversubscribed status is often a positive accomplishment for private equity firms. It generally shows that investors have confidence in the firm’s management team and that its investment strategy will lead to healthy [...]


CPPIB Participates in Largest U.S. LBO for YTD 2015

Redwood City-based Informatica Corporation is being taken private for US$ 5.3 billion by Permira Advisers LLC and Canada Pension Plan Investment Board (CPPIB). This is the largest leveraged buyout (LBO) so far in 2015 in the United States. Submitting bids for Informatica were Permira and CPPIB versus Thoma Bravo LLC and Ontario Teachers’ Pension Plan [...]


Friday SWFI News Roundup, April 3, 2015

ADIA Brings on Former QIC Investment Compliance Head The Abu Dhabi Investment Authority (ADIA) has hired Sam O’Sullivan as a manager in the investment services department. Previously, O’Sullivan was head of investment compliance and risk management at the Queensland Investment Corporation (QIC). Matt Winters was appointed interim head of investment compliance and risk management at [...]


DEAL FLOW: Texas Teachers Agrees to Commit More to KKR and Apollo Global

Private equity giants KKR & Co. and Apollo Global Management LLC received an additional US$ 4 billion in commitments from the Teacher Retirement System of Texas (TRS). The capital is allocated to the pension system’s Private Market Strategic Partnership Network program which permits the usage of separate accounts. [ Content protected for Sovereign Wealth Fund [...]


SECOND TIME: Qatar SWF Looking at Flipkart’s Next Round

Indian e-commerce startup Flipkart is engaged in talks of raising another round of capital. The company is looking to raise around US$ 600 million. Flipkart is trying to amass a pile of cash to stave off Amazon and its younger competitor Snapdeal. Flipkart was founded by two former Amazon.com employees, Sachin Bansal and Binny Bansal, [...]


Temasek VC Unit Invests in TheAsianparent

Vertex Venture Holdings, the venture capital unit of Singapore’s Temasek Holdings, invested in TheAsianparent, a Singapore-based web portal for soon-to-be parents and parents in Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, March 6, 2015

Future Fund Invests in Couture Website Moda Operandi Australia’s Future Fund was a late-stage institutional investor in New York City-based Moda Operandi in 2014. Moda Operandi raised a round of Series E financing for US$ 60 million. Other investors besides the Future Fund includes Fidelity Investments. New Enterprise Associates (NEA) is an investor in Moda [...]


BlackRock NY

BlackRock Pushes Hedge Fund Strategies to Sovereign Wealth Funds

Asset heavy, seeking higher yields – sovereign wealth fund medley – is embracing hedge fund strategies left and right. Behemoth asset managers like BlackRock are offering hedge fund strategies to generate higher fees and compete with traditional hedge funds like Och-Ziff Management, Brevan Howard Asset Management, BlueCrest Capital Management and Dalio’s Bridgewater Associates. Sovereign funds [...]


Friday SWFI News Roundup, February 27, 2015

Coller Capital Leads Restructuring of Irving Place Capital Partners III London-based Coller Capital, a secondaries firm, is leading an investor group to restructure a US$ 2.7 billion fund, Irving Place Capital Partners III, managed by Irving Place Capital Management. The fund was raised before the financial crisis in 2006. Abu Dhabi Investment Authority (ADIA) is [...]


sovereign wealth

Morgan Stanley to Fork Over $2.6 Billion to Settle Mortgage Bond Sales Claims

Morgan Stanley will pay the U.S. Department of Justice (DOJ) US$ 2.6 billion to settle claims over its role in the sale of mortgage bonds pre-financial crisis 2008. In January 2015, the bank boosted its legal reserves by US$ 2.8 billion. Bank of America, Citigroup and JPMorgan Chase have all paid billions to settle pending [...]


seattle

Who Will Buy Russell Investments?

The London Stock Exchange Group PLC, along with its advisor, are prepping the auction process for selling part of Seattle-based Russell Investments. By selectively shopping for nearly 100 buyers, possible acquirers could be a rival money manager, private equity firm, Canadian bank or an asset owner like a sovereign wealth fund? At the time of [...]


SWFI – Movers and Shakers – February 23, 2015

Morgan Stanley Hires Former OTPP Executive Frederik Wijsenbeek joined the ranks of financial giant Morgan Stanley as an executive director in private equity. Based in London, Wijsenbeek will be working on a US$ 1.5 billion mid-market private equity fund. Previously, Wijsenbeek was an investment partner at London-based Global Family Partners, a multi-family office focused on [...]


seattle

$130 Million To $1 Billion, APFC’s Unrealized Gain on Juno

In greater frequency, sovereign wealth funds are participating as cornerstone investors, not just in Asia, but in U.S. pharmaceutical companies. Sovereign wealth centers on the importance of high-quality deal flow, eagerly waiting for special opportunities from their vast lineup of asset managers. These special opportunities can lead to outsized investment returns for public institutional investors. [...]