Deals

China Merchants Group Eyes Ethiopian Shipping SOE

China’s One Belt, One Road policy continues to expand, even throughout Ethiopia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


LEAGUE TABLES: Goldman Sachs Takes the Iron Throne for 2016

The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks direct transactions by sovereign wealth funds, pensions and other public funds. The database has a bias toward equity, real estate and infrastructure transactions and a much lower emphasis on bond deals. Combining all public investors, for calendar year 2016, transactions amounted to US$ 205.25 […]


INSIDE: Unraveling the Rosneft Deal with Glencore and QIA

Commodities firm Glencore plc and the Qatar Investment Authority (QIA) together ended up acquiring a 19.5% stake in Rosneft PJSC through a varied transaction of debt and equity. A large portion of the deal came through debt financing. For example, under the deal terms, Glencore is committing €300 million in equity, while the QIA is […]


BlackRock Overtakes UK Gov as Top Shareholder in Lloyds

Asset manager giant BlackRock is now the largest shareholder in Lloyds Banking Group, overtaking the U.K. government. The U.K treasury, through UK Financial Investments, maintains a 5.95% ownership share in Lloyds Banking Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Sovereign Wealth Invests in Turkish Poultry Producer

Brazilian food processor BRF SA and the Qatar Investment Authority (QIA) are partnering to acquire the operations of Turkish poultry producer Banvit Bandirma Vitaminli Yem Sanayii A.S. (Banvit). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why CPPIB and Ares Withdrawing Neiman Marcus from its IPO is a Big Deal

Are large-chain physical retail stores decaying in North America? Are financial investors failing department store retail? Direct institutional investors such as the Canada Pension Plan Investment Board (CPPIB) and other private equity firms plugged in mounds of capital into department store companies in North America. Will these significant financial bets pay off? The bad news […]


SWFI First Read, January 7, 2017

U.S. President-elect Donald J. Trump was formally certified as the winner of the U.S. presidential election on Friday. ISS Acquires IW Financial Institutional Shareholder Services Inc. (ISS) is acquiring Portland, Maine-based IW Financial, a provider of environmental, social, and governance (ESG) research, consulting, and portfolio management solutions. Theranos to Fire 41% of Staff Palo Alto-based […]


Follow the Money – Episode 29

In the first Follow the Money – Global Connections episode of the New Year, Rachel Pether has a conversation with David Meredith of Hassad Food, which is part of the Qatar Investment Authority (QIA). Hassad Food is Qatar’s premier investor in the food and agri-business sectors. Pether and Meredith discuss direct investments, trade, investments in […]


U.S. Poised to Eclipse Europe on Direct Sovereign Investor Investments

Incoming data and research figures from the Sovereign Wealth Fund Institute (SWFI) show that sovereign funds from 2014 to the end of 2016 have been increasing direct investments into North America, specifically the United States, while steadily decreasing direct investments into Europe. 2016 direct investment transaction data is not fully tabulated yet, as the fourth […]


SWFI First Read, December 31, 2016

Happy New Years! K Raheja Corporation and GIC Acquire Property in Mumbai Indian property developer K Raheja Corporation and Singapore’s GIC Private Limited, through its unit Reco Solis Pte Ltd, partnered together forming a joint venture called Whispering Heights Real Estate to acquire land from Siemens. Whispering Heights Real Estate acquired the leasehold interested located […]


Asian Sovereign Fund Invests in Intelligent Mapping Company

Strategic corporate and wealth fund investors are keen on intelligent mapping systems, understanding the technology will be used in the onset of self-driving automobiles. The theme of the Internet of Things (IoT) in the urban mobility space continues to attract cash-rich sovereign investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


SWFI First Read, December 27, 2016

Statoil Wins Bidding for Offshore Wind Lease in New York Norwegian state-owned oil giant Statoil ASA has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York with a bid of US$ 42,469,725. The auction was conducted by the U.S. Department of the Interior’s Bureau of Ocean […]


SWFI First Read, December 22, 2016

U.S. President-Elect Donald J. Trump Names Carl Icahn as a Special Advisor U.S. President-elect Donald J. Trump named Carl Icahn as a special advisor to the President on issues relating to regulatory reform. “Carl was with me from the beginning and with his being one of the world’s great businessmen, that was something I truly […]


EDF Sells 49.9% Stake in RTE to CDC and CNP Assurances

On December 14, 2016, Caisse des Dépôts (CDC) and CNP Assurances inked a deal to acquire a 49.9% equity stake in Réseau de Transport d’Electricité (RTE) from EDF. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Volvo Cars Primes for IPO

Zhejiang Geely Holding Group Co., Ltd, also known as Geely, is a Chinese automobile manufacturer headquartered in Hangzhou, Zhejiang. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Japan’s SoftBank Invests $1 Billion in OneWeb

Japan’s SoftBank Group is investing US$ 1 billion in London-based OneWeb, formerly known as WorldVu. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OMERS Participates in Private Placement in Equitable Group

On December 12, 2016, the Ontario Municipal Employees’ Retirement System (OMERS) participated in a private placement, investing up to C$ 50 million in Toronto-based Equitable Group Inc., which operates Equitable Bank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


5 Signs Showing Sovereign Funds Gearing for Spending in 2017

1. Sovereign Investors are Falling Short on Infrastructure Targets There is a compelling reason why many sovereign fund executives attend conferences, chat with bankers constantly and spend internal resources on networking. Finding quality infrastructure investments is a tough endeavor. Long-term wealth funds have revamped their allocations over the past few years to target more real […]


SWFI First Read, December 11, 2016

Gary Parr Retires from Lazard for Executive Role at Apollo Global Management Gary W. Parr is leaving his role as Vice Chairman of investment bank Lazard. Parr is joining alternative investment manager Apollo Global Management LLC in January 2017. He will be a senior managing director and co-chairman of Apollo’s management operating committee. Parr joined […]


GIC Forms Partnership with Largest Indonesian Theater Operator

Singapore’s GIC Private Limited has boosted deals in Indonesia in recent times. The Asian sovereign investor is keen on investing in Indonesia’s rising consumer class. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]