Sovereign Wealth Fund Institute » Brazil

Canadian Pensions Plug 80 Million into Brazilian Shopping Centre

Web Director — Fri, 20 Jan 2012 16:43:52 +0000

Canadian public investors have been active in Latin America whether in direct company stakes, infrastructure, or core real estate. The Canada Pension Plan Investment Board (CPPIB) and Caisse de depot et placement du Quebec each invested $40 million to have full ownership in a beachfront shopping centre in Brazil’s Rio de Janeiro.

The 138-store shopping centre called Botofogo Praia Shopping is located in Botofogo beach. The property has been operational since 1999.

The CPPIB invested their $40 million for a 24.5% stake. Caisse de depot et placement du Quebec invested through Ivanhoe Cambridge its real estate arm to increase its stake to 75.5%.

Mubadala Believes Brazil has Potential

Web Director — Sat, 11 Jun 2011 07:01:20 +0000

Brazil seems to be the Latin American darling of the Middle East. Over the past few years, Brazil has been improving its macroeconomic stability and building up significant foreign reserves. Brazil was one of the first emerging market economies to recover from the financial crisis. The Government of Brazil even created a sovereign fund. In early May 2011, the Mubadala Development Company expressed interest in possibly investing in Brazilian industries such as mining, energy, aluminum, agribusiness, and logistics.

Mubadala believes that emerging markets like Brazil, India, and China will yield the best risk-rewards in growth over time.

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Korea SWF and Other Investors Plan to Invest in Brazilian Mining

Web Director — Fri, 13 May 2011 21:49:16 +0000

Asian sovereign funds have been active in investing in Latin American natural resources. The Korea Investment Corporation, Canada’s Ontario Teachers’ Pension Plan (OTPP), and another investor are planning to invest in Manabi Holding SA. Manabi Holding SA is a Brazilian special purpose company that manages steel assets and iron ore exploration.[Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]

Brazil Tries to Curb Currency Rally, allows FSB to Intervene

Web Director — Tue, 11 Jan 2011 09:26:18 +0000

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Sovereign Wealth Themes: Sovereign Wealth Funds make the case for Brazil

Web Director — Mon, 13 Dec 2010 07:17:42 +0000

This 5 page report is avaliable for download for SWFI subscribers. This report gives a brief overview on Brazil’s current situation and sovereign wealth fund involvement.

Latin America is a premiere destination for economic growth. In this particular study we are going to purely focus on Brazil. Brazil is a South American country with a young demographic, has increased trade liberalization, burgeoning manufacturing hubs, and has a large sector of natural resources. The general macroeconomic trends for Brazil have been a gradual decrease in interest rates, greater accumulation of foreign reserves, and positive year-over-year real GDP growth.

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BTG Pactual gets Fresh Injection from Sovereign Wealth Funds and others

Web Director — Tue, 07 Dec 2010 04:34:54 +0000

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More Sovereign Wealth Funds continue to take larger stakes in Companies

Web Director — Tue, 30 Nov 2010 06:26:25 +0000

A number of sovereign wealth funds are lowering allocation from bonds to more risky, illiquid assets, such as direct investment in companies. Their position sizes have increased and they are now providing more capital for public and private companies across various industries. SWFs have made generous profits from investing in direct investment / PIPE investments in numerous industries such as natural resources, materials, real estate, financial institutions, and energy. Furthermore, there is growing collaboration among SWFs, whether investing in an IPO, PIPE, or even venture capital deal. Private back room deals with favorable investment terms are enhancing returns, rather than purchasing shares in the public markets. In general, institutional investors are relying less on public markets for returns.[Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]

Another Brazilian SWF Investment: Temasek Holdings Spends $400 mil for a 14.3% Stake in Odebrecht Oleo e Gas

Web Director — Wed, 20 Oct 2010 04:17:02 +0000

Temasek Holdings has invested $400 million in Odebrecht Oleo e Gas for a 14.3% stake in the unit. Odebrecht Oleo e Gas is part of Odebrecht, a large conglomerate. Odebrech Oil and Gas view the investment essential to help them grow capital expenditures to tap into Brazil’s blossoming offshore oil trade.

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Qatar Holding to invest 5% in Santander’s Brazil unit

Web Director — Tue, 19 Oct 2010 00:52:09 +0000

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Sovereign Fund of Brazil recently authorized to buy US Dollars in FX, to weaken Real

Web Director — Wed, 22 Sep 2010 06:24:35 +0000

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