Deals

Hello Windows, In-Q-Tel Invests in Cloud Platform Frame

Cloud workspace platform Frame, a San Mateo-based company, raised US$ 16 million from a number of investors including In-Q-Tel, Microsoft Ventures, Columbus Nova Technology Partners and Bain Capital Ventures. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 37

Here is a short Follow the Money Show episode after a long-hiatus. This podcast was recorded on May 17, 2017. Download the Episode CONTENTS 1:15 GIC Selling Off its UBS Stake 3:30 Norway’s Sovereign Fund Expands Regent Street Partnership 4:50 One-Belt One-Road, Silk Road Fund Gets More Funding Follow the Money Show is available on […]


blackstone

Saudi’s Sovereign Fund is Serious on Infrastructure, Signs MoU with Blackstone

Cash-rich sovereign wealth funds are major participants in the capital-intensive ecosystem of unlisted infrastructure. On his first foreign trip since inauguration day, U.S. President Donald J. Trump is making rounds in the Middle East, starting off in Riyadh. Despite political headaches in Washington D.C. egged on by major T.V. reporters, Trump is keen on having […]


sovereign wealth india

GIC Invests in Capital First Partial Sell-Off

Private equity firm Warburg Pincus, through Cloverdell Investment Ltd., sold its 25% ownership stake in Capital First, a non-banking financial company in India, for roughly Rs 1,768 crore (US$ 275.4 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Major U.S. Healthcare Supply Chain Company

The Sovereign Wealth Fund Institute (SWFI) has aggregated data on direct sovereign wealth fund transactions into the healthcare sector. Asian wealth funds have augmented their allocation to healthcare in both developed and emerging markets. Singapore’s Temasek Holdings bought a majority ownership stake in Colorado-based Global Healthcare Exchange, LLC (GHX), a software provider of connected, intelligent […]


GIC Sells 3.4% Stake in Straumann Holding

Singapore’s GIC Private Limited has engaged in another Swiss stock sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Unloads 2.4% of its UBS Stake

Update May 16, 2017, Lim Chow Kiat, Chief Executive Officer of GIC, “GIC made the UBS sale despite the loss because conditions have changed fundamentally since GIC invested in UBS in February 2008, as have UBS’ strategy and business. It makes sense now for GIC to reduce its ownership of UBS and to redeploy these […]


australia infrastructure

bcIMC and QIA Get Exposure to Endeavour Energy Deal

An investor group called Advance Energy led by Macquarie Infrastructure & Real Assets won a bid to acquire a majority stake in Endeavour Energy, a New South Wales (NSW) government utility company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Yichang Hec Changjiang Pharmaceutical

Singapore’s Temasek Holdings has invested in a Chinese pharmaceutical company that manufactures an anti-flu product, among other drugs. Through a series of subsidiaries, Bartley Investments Pte. Ltd., a sovereign wealth enterprise (SWE) of Temasek Holdings, purchased 15.1 million H shares in Yichang Hec Changjiang Pharmaceutical Company Limited. This transaction was recorded on April 27, 2017. […]


Sovereign Funds Ramp Up Healthcare Investments

With the United States experiencing an economic recovery, the healthcare industry is expected to prosper as it remains a significant proportion of the country’s gross domestic product (GDP). Sovereign investors are increasing positions in health-related industries such as pharmaceuticals, genome analysis and diagnostic technologies, while large Canadian pension plans have been investing in specialty healthcare […]


Institute Fund Summit 2017 Asia – Singapore Slider 10

Direct Investments and Co-Investments < PREVIOUS 11 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


Mumtalakat Invests in German Air Ambulance and Special Missions Flight Company

Bahrain’s Mumtalakat Holding acquired a notable minority interest in Axtmann Aviation Holding GmbH. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund Invests in Radiology Partners

Australia’s Future Fund participated in a US$ 200 million growth equity funding round into El Segundo, California-based Radiology Partners, the largest on-site physician-led radiology practice in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 26, 2017

HNA Group Takes Sizable Stake in Dufry Hainan-based conglomerate HNA Group inked a deal to acquire a 16.79% ownership stake in Dufry AG, a Swiss duty-free retail operator, for around 1.44 billion CHF. HNA acquired the Dufry stakes from both GIC Private Limited and Temasek Holdings, according to an exchange filing. National Bank of Abu […]


Maduell on CNBC: Wealth Fund Direct Investments in China Have Slowed

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “As wealth funds realign their Asia portfolios, direct investments in China have slowed, notes Michael Maduell of Sovereign Wealth Fund Institute.” Date: April 24, 2017 (Singapore Time)


Deutsche Bank M&A Executive Tom Cooper Exits

Since 2008, Deutsche Bank has struggled to get its investment banking division to where it used to be, losing to peers when it comes to generating substantial investment banking fees. Without fees and a shaky capital position, Deutsche Bank bled out high-profile bankers in the past two years. Deutsche Bank’s co-chairman of global mergers and […]


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, […]


Sino IC Capital Inks Deal to Acquire Xcerra Corporation

Norwood, Massachusetts-based Xcerra Corporation is being acquired by Unic Capital Management Co., Ltd., an affiliate of Sino IC Capital for roughly US$ 578 million. The deal was signed on April 7, 2017. Unic Capital is buying all the outstanding shares of Xcerra for US$ 10.25 per share in cash. The deal values Xcerra’s equity at […]


SWFI First Read, April 16, 2017

Starwood Capital Group to Acquire Forestar Group Affiliates of Starwood Capital Group inked a deal to buy Austin-based Forestar Group Inc. for US$ 605 million in equity value. Forestar Group is a residential and mixed-use real estate development company – owning around 4,600 acres of real estate across 10 states in the U.S. Forestar Group […]