Deals

With $50 Billion, Trending Slowdown in 1H Sovereign Fund Direct Investments for 2017

Source: Sovereign Wealth Fund Transaction Database As of June 28, 2017, the Sovereign Wealth Fund Institute (SWFI) can report that first half direct transactions made by sovereign wealth funds for 2017 totaled US$ 50 billion, compared to the first half of 2016 at US$ 54.17 billion and 2015 at US$ 67.3 billion. However, overall, from […]


Credit Suisse Emerging Market ILC Equity Team to Join River and Mercantile

Credit Suisse Asset Management, the asset management arm of Credit Suisse, announced a cooperation agreement with River and Mercantile Group PLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Money Finds its Way into AIB Float

On June 23, 2017, the Irish government raised €3.36 billion by selling roughly 25% of Allied Irish Banks, p.l.c. (AIB) shares. At May 2017, AIB is the largest retail and commercial bank in Ireland with 2.3 million retail and SME customers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


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. ]


CDPQ and GE Capital Aviation Services Form Global Aircraft Financing Platform

Increasingly, Asian institutional investors, such as Korean insurers, and North American pensions are backing investments in the world of aviation by providing steady financing in a capital-intensive cyclical industry. Caisse de dépôt et placement du Québec (CDPQ) and GE Capital Aviation Services Limited (GECAS), an aircraft leasing company of GE, announced that they have signed […]


ADIA is an Anchor Investor in Central Depository Services Ltd

The Abu Dhabi Investment Authority (ADIA) was an anchor investor for Mumbai-based Central Depository Services Ltd’s initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Holdings Invests in IP Group

China-based Beijing Galaxy World Group Co. Ltd, a digital incubator and capital allocator, was an investor kicking in a US$ 30 million strategic investment in IP Group plc, a British developer of intellectual property-based business. Other investors that participated in the £207 million capital raise include Temasek Holdings, Australia’s Telstra Super Pty Ltd, M&G Investments […]


SWFI First Read, June 14, 2017

ADIA Participated in Backing Tejas Networks Before IPO Bangalore-based Tejas Networks Ltd, a telecommunications equipment maker, had its initial public offering (IPO), offering 17.11 million shares. Some anchor investors right before the IPO were the Abu Dhabi Investment Authority (ADIA), private equity firm East Bridge Capital and PremjiInvest. PremjiInvest is the family office of Wipro […]


LOST LOVE: China’s SAFE Investment Company Had Dumped BP Stock

Sovereign wealth funds are also known to invest directly in a number of prominently listed companies in the United Kingdom. For example, the Kuwait Investment Office (KIO), was publicly-recognized for its backing of BP Plc, a global integrated oil and gas major. BP was no longer a safe bet for China’s SAFE Investment Company, a […]


SWFI First Read, June 9, 2017

Temasek Holdings Sells Small Position in COFCO Meat Holdings On May 31, 2017, Singapore’s Temasek Holdings had sold 7.2 million shares in COFCO Meat Holdings Ltd. at an average price of 1.37 HKD per share. Temasek’s ownership had dropped from 6.15% down to 5.97%. SoftBank to Acquire Robotics Firm Boston Dynamics Japan’s SoftBank Group is […]


RDIF Gets a Small Stake in PJSC Polyus

On May 31, 2017, a unit of the Russian Direct Investment Fund (RDIF) agreed to buy 354,095 ordinary shares of PJSC Polyus, around 0.28% of its share capital on fully-diluted basis, from Polyus Gold International Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Qatar Sovereign Wealth Gives Credit Suisse Confidence

The Qatar Investment Authority (QIA), which is a major shareholder in a number of European businesses and financial institutions, augmented its ownership in Switzerland’s second-largest bank Credit Suisse Group AG, up to 5.01%. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hapag-Lloyd and United Arab Shipping Company Merger is Finalized

The merger between Hapag-Lloyd AG and United Arab Shipping Company (UASC) has finalized. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Intesa Sanpaolo Moves to Syndicate Rosfnet Stake Acquisition Loan

Italian bank Intesa Sanpaolo initiated moves to syndicate a loan it provided to Glencore and Qatar Holding, a SWE of the Qatar Investment Authority (QIA), regarding their acquisition of a 19.5% stake in Rosneft. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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 […]


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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. ]