Alternatives

SWFI First Read, June 23, 2016

AIMCo Invests in Scotia Plaza Real estate investment trust Dream Office REIT and H&R REIT have agreed to sell a 50% ownership stake in the 68-storey tower Scotia Plaza to Alberta Investment Management Corporation (AIMCo) and KingSett Capital, a Canadian real estate private equity firm. KingSett is making the investment through its KingSett Canadian Real […]


Temasek SWE Issues $510 Million PE-Backed Bonds

Azalea Asset Management, a sovereign wealth enterprise of Temasek Holdings, issued US$ 510 million worth of bonds, a collateralized fund obligation, called Astrea III Pte Ltd. This was Singapore’s first listed private equity bonds. The bonds are backed by the cash flows of 34 private equity funds by 26 private equity managers. [ Content protected […]


Follow the Money – Episode 11

This is the second episode of Global Connections. Rachel and I banter on India’s attractiveness for large public institutional investors such as sovereign wealth funds and mega Canadian pensions. We also talk about fixed income markets – touching upon the German bund. We also discuss technology investing and talk about Didi’s latest investment round. Download […]


SWFI – Movers and Shakers – June 16, 2016

Warburg Pincus Hires Former Deutsche Bank CFO Stefan Krause, the former Chief Financial Officer of Deutsche Bank AG, is joining Warburg Pincus LLC as a senior adviser. Krause will assist the private equity firm find and evaluate investment opportunities in Europe. Krause joined Deutsche Bank in 2008 from Bayerische Motoren Werke AG. CBRE Global Investors […]


Taxi Apps Raise Billions, Next Didi Chuxing

 Didi Chuxing Technology Co., formerly known as Didi Kuaidi, boosted its capital reserves by raising more than US$ 600 million from China Life Insurance Co Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDC Capital Forges Partnership with KIC on Co-Investments

CDC Capital International, a unit of Caisse des Dépôts Group (CDC), and the Korea Investment Corporation (KIC) entered into a partnership on potential co-investment opportunities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Sovereign Wealth Funds Should Look at Currency Alpha

Steady globalization, government interventions and increased investment into rapidly developing economies are key factors influencing emerging market currencies. Sovereign funds and large Canadian pensions, such as the Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (OTPP), continue to invest capital into markets such as India, Brazil and China. Sizable portfolios of listed […]


Understanding Private Equity: The Asset Class You Can No Longer Ignore

This article is sponsored by The Wharton School. With market uncertainties growing, many investors and their advisors are taking a closer look at private equity. In fact, this asset class is now attracting a sizeable segment of the economy, and it has an ecosystem that includes not only private equity firms, but banks that cover […]


Temasek Invests in Series B Round for AccuraGen

Sovereign wealth funds continue tactically investing in the pharmaceutical sector. Menlo Park-based AccuraGen, a liquid biopsy technology startup, raised US$ 40 million in a Series B round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


French Public Investors Kick in More Capital Toward Novo Funds

French public funds are kicking in an additional €405 million for the Novo funds, Novo 1 and Novo 2, taking the total amount of capital in the funds to more than €1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 9

In this episode I chat with Don Steinbrugge, Managing Partner of Agecroft Partners LLC. We talk about which hedge fund strategies are gaining traction with asset owners such as pensions, endowments and sovereign wealth funds. Steinbrugge gives a punctilious mapping of the current hedge fund world. Download the Episode Follow the Money Show is available […]


Saudi Arabian Sovereign Fund Invests $3.5 Billion into Uber

The larger technology companies like Snapchat have raised capital from sovereign wealth fund investors, while smaller technology companies struggle. Saudi Arabia’s Public Investment Fund (PIF) embarked on a milestone step in its bid to become a global institutional investor. PIF invested a whopping US$ 3.5 billion in taxi app service Uber Technologies Inc. This deal […]


private equity

PE Fund Backed by Oman SWF Raises $250 Million

A private equity fund backed by Oman’s sovereign wealth fund State General Reserve Fund (SGRF) and the State Bank of India (SBI) had a first close of US$ 250 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 28, 2016

AmpMe Raises $8 Million Montreal-based AmpMe, a startup that offers a sound system alternative to portable speakers by syncing sound with multiple devices such as phones and tablets, raised US$ 8 million in funding. The investment round was led by Relay Venture. Other investors were OMERS Ventures, Westlake Village, California-based Townsgate Media, Slaight Music, Real […]


Snapchat Grows Investor Base, SWFs Included

Snapchat Inc. has grown its investor base to include more venture funds and sovereign wealth funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Alaskan SWF May Commit Up to $3 Billion Toward Private Markets in FY 2017

The Alaska Permanent Fund Corporation (APFC) is keen on getting more deal flow in private markets. With a new chief investment officer named Russell Read (formerly from Kuwait GIC and CalPERS) and a mandate from the fund’s board of trustees, the fund plans to commit up to US$ 3 billion in private investments for the […]


SWFI – Movers and Shakers – May 26, 2016

Allianz Global Investors Promotes Zurkow to Head Alts Team Allianz Global Investors promoted Deborah Zurkow as head of alternatives. Zurkow will join the investment committee and report to Allianz Global Investors’ CEO Andreas Utermann. Previously, Zurkow was chief investment officer and head of infrastructure debt at the company. Claus Fintzen, a portfolio manager from the […]


FSDEA Reduced Debt Exposure, Boosted African PE in 2015

Angola’s sovereign wealth fund, also known as FSDEA, augmented its exposure to private equity investments in sub-Saharan Africa in 2015. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


30 Days in the Shoes of a Private Equity Sovereign Fund Exec

Sovereign wealth fund executives, especially at the larger funds, are heavily pitched ideas constantly, ranging from pharmaceutical startups, asset-backed security plays, real estate properties, hedge funds, private equity funds to infrastructure assets. SWFI research staff selected a mid-sized sovereign wealth fund for the analysis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Hedge Fund Bridgewater Plants Flag in China

Increasingly, global asset managers are seeking paths to enter China’s investor market, hoping to pursue billions of dollars in business. Traditionally, U.K. and U.S. banks and investment managers have conducted investment management business in China through joint ventures with domestic partners. Pension reforms are on the way, while Chinese life insurers seek to allocate large […]