China Investment Corporation

Opportunistic Abu Dhabi Financial Group Boosts Stake in Noble Group

Abu Dhabi Financial Group, through its unit Goldilocks Investment Company Limited, purchased 50.5 million shares in Noble Group Ltd., the Hong Kong-based commodity trader company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Takes a Stake in 1515 Broadway Office Tower

SL Green Realty Corporation had made moves to recapitalize the 54-storey office tower at 1515 Broadway in Manhattan in early January. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BIG DEAL: CIC Acquires Logicor

The China Investment Corporation (CIC) beat out other bidders to acquire Logicor for €12.25 billion from The Blackstone Group. London-based Logicor is Blackstone’s pan European logistics company that operates a portfolio of logistics assets totaling 147 million square feet, in 17 countries with over 70% concentrated in the U.K., Germany, France and Southern Europe. The […]


SWFI First Read, June 2, 2017

Russian Direct Investment Fund Leads Investors into GlobalTruck The Russian Direct Investment Fund (RDIF) has agreed to invest in GlobalTruck, one of Russia’s largest independent transport groups, working in road transportation across Russia. RDIF invested alongside Middle Eastern investors in the deal, with a total aggregate investment exceeding US$ 50 million. GlobalTruck will use the […]


SWFI First Read, May 29, 2017

CIC Appears to be in Front for Logicor Deal Some sources are reporting that the China Investment Corporation (CIC) could be the winning bidder for Logicor, the European logistics business of The Blackstone Group. Other bidders include Global Logistics Properties (GLP) and Temasek Holdings, along with Mapletree Investments. Blackstone hired Eastdil Secured to facilitate the […]


Some Senators Have National Security Concerns on Foreign Property Investors

Increasingly, sovereign funds, pensions, family offices, state-owned conglomerates, insurance companies and high-net worth individuals from abroad are gradually spending more money into U.S. real estate. Wealth funds have ramped up operations, having invested in properties such as Hudson Yards, the Empire State Building (indirectly) and the Chrysler Tower. The China Investment Corporation (CIC) officially opened […]


ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion was […]


CIC Officially Opens New York Office

On May 19, 2017, the China Investment Corporation (CIC) officially opened its New York representative office. The office is at 350 Park Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Fund Capital to Invest in Major Moscow Real Estate Development

The former airfield Tushino in the North-West of Moscow is getting capital commitments from a wide swath of institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Neptune Oil & Gas Plots with CIC on Engie Deal

French utility Engie, formerly known as GDF Suez, is in the midst of potentially large transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Funds Went Big in the Final Quarter of 2016

Despite a succession of political shockwaves, sovereign wealth funds went back to plowing money into direct investments in the fourth quarter of 2016, investing US$ 60.31 billion versus US$ 30.43 billion in 4Q 2015, according to data from the Sovereign Wealth Fund Institute (SWFI). The SWFI transaction database tracks direct transactions made by sovereign funds, […]


SWFI First Read, April 18, 2017

Norway Sovereign Fund Supports Credit Suisse on Executive Compensation Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, plans to vote in favor of Credit Suisse’s planned payouts to senior managers, according to a fund statement. NBIM agreed and welcomed the statement made by Credit Suisse’s board of directors on April 13, […]


British Airways Qatar

Fresh Off Article 50, Heathrow to Get More Money from Shareholder Base

Fresh after the handing off of Article 50, institutional investors are moving forward pouring an additional £650 million into improving Heathrow Airport. Heathrow Airport is home to more than 80 airlines. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 23, 2017

Amazon to Acquire Souq E-commerce giant Amazon has agreed to acquire Dubai-based Souq.com from its shareholders. Rumors say the sales price was roughly US$ 650 million. This transaction enables Amazon to expand retail e-commerce control in the Middle East. Institutional backers of Souq include Standard Chartered Private Equity, Singapore’s GIC Private Limited, Naspers, Baillie Gifford, […]


SWFI First Read, March 20, 2017

Bakheet Al Katheeri Promoted to Chief Executive for Mubadala Petroleum Bakheet Al Katheeri was named the new Chief Executive for Mubadala Petroleum. This move is part of the massive reorganization of the merger between International Petroleum Investment Company (IPIC) and Mubadala Development Co. Al Katheeri was the Chief Growth Officer of Mubadala Petroleum. Before Mubadala […]


Sources: CIC Invests in Airbnb

Sky News reported the China Investment Corporation (CIC) had subscribed to Airbnb’s Series F round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Investment Corp Chairman Resigns

Several Chinese media reports are citing that Ding Xuedong, Chairman and Chief Executive of the China Investment Corporation (CIC), has resigned from his position. Ding was appointed CIC chairman in July 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Capital Invests in PhosAgro

The Russian Direct Investment Fund (RDIF) helped organize a group of investors to participate in the secondary offering of PJSC PhosAgro, a vertically-integrated producer of mineral fertilizers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China-Russia Tongjiang Rail Bridge Back on Track

The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 14, 2017

U.S. Senate Confirms Mnuchin for Treasury Secretary In a 53 to 47 vote that was mostly along party lines, the U.S. Senate has confirmed Steven Mnuchin for U.S. Treasury Secretary. Mnuchin was CEO of OneWest Bank, the entity that acquired IndyMac. Nordea Gets Political Over Dakota Access Pipeline Nordea has decided to divest from bonds […]