Deals

CPPIB and Cinven Acquire Hotelbeds

Institutional investors are on the lookout for fast-growing online booking companies with strong organic growth. Global travel technology is an investment theme for a number of sovereign funds and large pension investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kenmare Resources Attempts to Line Up Equity Financing

Kenmare Resources plc, a miner of titanium minerals and zircon, is seeking to secure capital. Kenmare operates the Moma Titanium Minerals Mine in northern Mozambique. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 28, 2016

KIC May Be Ready to Announce New Chief Investment Officer [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Wealth Fund Backs Alibaba Finance Affiliate

Zhejiang Ant Small & Micro Financial Services Group Co. (Ant Financial), a entity controlled by Alibaba founder Jack Ma, raised a massive US$ 4.5 billion in Series B capital to fund a bid for global expansion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 26, 2016

CDPQ Announces Major Infrastructure Project CDPQ Infra, a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), announced plans for its Réseau électrique métropolitain (REM), an integrated public transportation project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SAUDI ARABIA: Bankers and Advisors Hired for Possible Massive Sovereign Wealth Fund

Saudi Arabia could have the world’s largest sovereign wealth fund, displacing Norway’s Government Pension Fund Global (GPFG). Saudi Arabia’s Public Investment Fund (PIF) would be the vehicle to accomplish just that. After the planned initial public offering of Saudi Aramco, PIF could be infused with a ton of cash. SWFI conducted research, based on various […]


doha sovereign wealth fund

CVC-Led Investor Group Scraps Sainsbury Takeover

An investor group consisting of private equity firm CVC Capital Partners, Brookfield Asset Management and Qatar Holding, a sovereign wealth enterprise of the Qatar Investment Authority (QIA) have scuttled plans to make an offer to buyout J Sainsbury plc, the United Kingdom’s second largest supermarket chain. [ Content protected for Sovereign Wealth Fund Institute Standard […]


Sovereign Wealth Funds Betted on Tax Inversions and Emerging Pharma

Increasingly, sovereign wealth funds and long-term public pensions are investing more directly into healthcare investments. A number of institutional investor trends had emerged in 2015 such as tax inversion opportunities, emerging pharmaceutical companies and medical practices. For instance, asset heavy Canadian pensions are investing in medical practices across America in a number of fields, perceiving […]


SWFI First Read, April 12, 2016

National Development fund of Iran and Baiterek Sign MoU The National Development fund of Iran (NDF) and Kazakhstan-based Baiterek National Management Holding JSC signed a memorandum of understanding (MOU) on possible bilateral investment s and financing private sector projects. The NDF plans to be more present in international markets. ADIA Selects Bouygues Construction for Tour […]


CIC Invests in Landmark Chicago Tower

The 52-storey tower at 333 North Wabash Avenue in Chicago, known as AMA Plaza, has been sold to a non-U.S. buyer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 8, 2016

CDPQ Backs AddÉnergie On April 6th, Caisse de dépôt et placement du Québec (CDPQ), together with Investissement Québec, had announced a C$12.8-million investment in AddÉnergie, a Québec manufacturer of smart charging solutions for electric vehicles. As part of this transaction, CDPQ will invest C$8.5 million, and Investissement Québec C$ 4.3 million, enabling AddÉnergie to extend […]


Temasek and Tencent Back Chinese Data Logistics Company

Beijing-based Huitong Tianxia IOT Technology, a data logistics company that operates its product G7, raised US$ 45 million in a Series C round from a number of investors which include Temasek Holdings, Tencent Holdings Ltd., and Eastern Bell Venture Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


NZ Post Seeks to Sell 45% Stake in Kiwi Group to NZSF and ACC

The New Zealand Superannuation Fund (NZSF) and New Zealand-based Accident Compensation Corporation (ACC) are looking to purchase ownership in Kiwi Group Holdings Limited. Kiwi Group Holdings Limited is the holding company of Kiwibank Limited, Kiwi Wealth Management (formerly GMI), The New Zealand Home Loan Company Limited, Kiwi Insurance Limited and Kiwi Capital Funding Limited. [ […]


Friday SWFI News Roundup, April 1, 2016

Morningstar Acquires RightPond Research provider Morningstar, Inc. has acquired Westport-based RightPond, a provider of business intelligence data and analytics on defined contribution and defined benefit plans for financial services firms, from Rocaton Investment Advisors, LLC. According to the press release, “Morningstar will continue to offer RightPond as a standalone capability until it is integrated into […]


CPPIB Financially Supports LeasePlan Deal

The Canada Pension Plan Investment Board (CPPIB), through its unit CPPIB Credit Investments Inc., funded €480 million (US$ 707 million) in the Mandatory Exchangeable Facility of LeasePlan Corp NV, a car leasing company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hogan Lovells Expands Sovereign Wealth Expertise

Law firm Hogan Lovells hired Paul Downs as a partner in the firm’s New York office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Shakey’s Pizza Chain

Singapore’s GIC Private Limited linked up with the Po family through CPGI by forming a holding company, to purchase a controlling interest in the company called International Family Food Services Inc. that owns and operates the Shakey’s pizza parlor chain from the Prieto family. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Saudi Arabia and Egypt Agree to More Cross-Border Investment

Saudi Arabia’s Public Investment Fund (PIF) signed a Memorandum of Understanding with the Egyptian investment ministry to encourage Saudi investments into Egypt.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 22, 2016

Fisher Investments Names New CEO Fisher Investments named Damian Ornani as chief executive officer. He will takeover the role from Ken Fisher on July 1, 2016. Fisher will remain as executive chairman and co-chief investment officer of Fisher Investments. Schloss Leaves Angelo Gordon Larry Schloss, the former New York City Retirement Systems’ chief investment officer, […]


IHS and Markit Agree to Merge

Englewood, Colorado-based IHS Inc., a data and analytics company founded in 1959, is merging with U.K.-based Markit Ltd. to form IHS Markit. The new entity will be headquartered in London. The merger will create a US$ 13 billion mammoth in the world of market data and analytics. [ Content protected for Sovereign Wealth Fund Institute […]