Deals

CDPQ Invests in Sedgwick Claims Management

Caisse de dépôt et placement du Québec (CDPQ) made a US$ 500 million investment in Memphis-based Sedgwick Claims Management Services, Inc., a third-party claims administration in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CBOE to Acquire Bats Global Markets

For about US$ 3.2 billion in cash and stock, CBOE Holdings Inc. will be acquiring Bats Global Markets Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 26, 2016

BlackRock Hires Former Investment Consulting Executive to Lead EMEA Consulting Relations Alexandra Haggard is leading BlackRock’s Europe, Middle East and Africa (EMEA) region consulting relations team. She will be based in London and report to John Gee-Grant, BlackRock’s global head of consultant relations. Haggard is the former chief executive officer of Stamford Associates, an investment […]


India deals

Asian Wealth Fund Continues to Back Eros International

Do Asian sovereign wealth funds like Bollywood? [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Cogobuy Places Shares, SWF and Pensions Invest

Cogobuy Group is the biggest e-commerce platform serving China’s electronics manufacturing industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Acquires Ascot

The Canada Pension Plan Investment Board (CPPIB) is keen on targeting subsectors throughout financial services. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NZSF and ACC Agreed to Key Terms on Kiwi Group Deal

The deal is moving forward. The New Zealand Post has agreed to key terms in which the New Zealand Superannuation Fund (NZSF) and the Accident Compensation Corporation (ACC) will become joint owners of Kiwi Group Holdings (KGH) Limited. NZSF and ACC made an offer in April 2016 to purchase large minority stakes, a combined ownership […]


Mubadala Gets Concessions in Exchange for Amendment to Wafer Agreement

On August 30, 2016, Advanced Micro Devices, Inc. (AMD) added a 6th amendment to the Wafer Supply Agreement with GLOBALFOUNDRIES Inc. GLOBALFOUNDRIES spun off from AMD in 2009. In response to the 6th amendment, AMD entered into a warrant agreement with West Coast Hitech L.P., a sovereign wealth enterprise (SWE) of Mubadala Development Company. [ […]


Canadian Pension Giant Eyes CitiFinancial Canada

Credit investments that provide high-yield are attractive these days in a world of low returns. With larger financial institutions mostly focused on prime and the super-prime segment, non-prime lenders continue to fill the need for demand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Invests in LASIK MD

Caisse de dépôt et placement du Québec (CDPQ) invested C$ 25 million in LASIK MD, Canada’s only national provider of laser vision correction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Dubai Financial Group Looks to Sell its Bank Muscat Stake

Dubai Financial Group LLC, which is owned by Dubai Group, is seeking to find a buyer for its 12.37% ownership stake in Bank Muscat SAOG. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


FINANCIALS: This Way to the Egress

Sovereign wealth funds were once referred to as white knights when it came to them bailing out a number of global investment banks such as Citigroup, Merrill Lynch and UBS during the financial calamity of 2007. Sorry West – their desires have changed. To this day, wealth funds continue to amass tremendous financial firepower in […]


Khazanah Nasional Raises $398.8 Million in Exchangeable Sukuk in BEWG

Khazanah Nasional Berhad, through a Labuan incorporated special purpose vehicle called Bagan Capital Limited, priced an exchangeable sukuk offering of US$ 398.8 million (RM 1,622 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 24, 2016

Informatica Aims to go Public, CPPIB and Permira Should be Happy [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 18, 2016

Goldman Sachs Takes Minority Stake in Littlejohn Goldman Sachs Alternative Investments, part of Goldman Sachs, has purchased a non-voting minority stake in private equity firm Littlejohn & Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 16, 2016

CPPIB-Backed Crestone Peak Resources Names Buchanon As CEO Crestone Peak Resources, an oil and natural gas exploration and production company that is 95% owned by Canada Pension Plan Investment Board (CPPIB), named Tony Buchanon as chief executive officer. Buchanon was also named to Crestone Peak’s board of directors. He recently worked as Executive Vice President, […]


SWFI First Read, August 14, 2016

Euroclear Wins Mandate for ICBC ETF Listing ICBC Credit Suisse Asset Management, the asset management joint venture between ICBC and Credit Suisse formed in 2005, picked Euroclear to clear and settle its first internationally listed China equity exchange-traded fund (ETF). The ETF called ICBC CS WisdomTree S&P China 500 UCITS ETF will be traded on […]


SWFI First Read, August 9, 2016

MENDING: RDIF Aims to Embark on Turkish-Russian Joint Investment Fund The Russian Direct Investment Fund (RDIF) is seeking to embark on a Turkish-Russian joint investment fund. In December 2014, RDIF inked a US$ 400 million joint investment for the building of centers of trade, commercial real estate and health facilities with Renaissance Holdings A.S., a […]


Sovereign Funds Maintain Resilient Pose in European Deals

Sovereign wealth funds are not dialing back from large European deals whether in Germany, the United Kingdom or even Southern Europe. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 1, 2016

Fosun to Buy Rio Bravo Investimentos Chinese conglomerate Fosun Group has agreed to acquire Brazilian fund manager Rio Bravo Investimentos. Rio Bravo Investimentos has around 10 billion BRL (US$ 3 billion) in assets under management. Dilip Buildcon Gets Anchor Backing from ADIA and Others [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]