Deals

Gulf Wealth Fund Invests in Advanced Enzyme Technologies

Advanced Enzyme Technologies Ltd., based in Thane, India, allocated shares to cornerstone investors before its initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hapag-Lloyd to Merge with United Arab Shipping Company

Hapag-Lloyd AG and United Arab Shipping Company S.A.G. have signed a deal to merge amid increased volatility in the shipping industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HNA Aviation to Buy 80% Stake in SR Technics

Abu Dhabi-based Mubadala Development Company sold an 80% stake in Zurich-based SR Technics, a maintenance, repair, and overhaul (MRO) service provider in the aviation sector, to HNA Aviation Group Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: How Brexit Impacted the Sovereign Wealth Fund Universe

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Asia here CNBC interview: “Investments during the first half of 2016 dropped 42 percent on-year to $73 billion, says Michael Maduell of the Sovereign Wealth Fund Institute,” says Michael Maduell from SWFI. Date: July 8, […]


COMEBACK: Goldman Sachs Tops SWFI Financial Advisory League Table for H1 2016

Sovereign wealth funds are significant actors when it comes to the world of direct investing. Since the 2000s, the number of wealth funds has blossomed. However, over the past year, there has been a recognizable slowdown in the dollar amount of cross-border SWF investment as deal making activity considerably subsided. For the first half of […]


CIC and CDPQ Participate in Acquisition of Foncia

Private markets investor Partners Group, on behalf of its clients, is leading a group of investors in the acquisition of Foncia, a Paris-based provider of residential property management services. The deal plans to be completed before September 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


factor investing growth

Possible Merger Talks, CICC and China Investment Securities

As Chinese brokerage firms gracefully mature, industry consolidation accelerates. Beijing-based China International Capital Corporation (CICC) and Shenzhen-based China Investment Securities Co. are in discussions regarding a possible merger. CICC was founded in 1995. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 1, 2016

Indiana Public Retirement System Selects BlackRock for Industrial REIT Mandate The Indiana Public Retirement System (IPRS) selected BlackRock for a US$ 100 million passive investment mandate to invest in industrial real estate investment trusts (REIT). BlackRock will be using the FTSE NAREIT Custom Industrial 25% Capped Index as a benchmark. JPMorgan and Lone Star Funds […]


Follow the Money – Episode 12

This is the third episode of Global Connections. Rachel and I talk about the merger announcement of IPIC and Mubadala. We chat about how asset owners will embrace and deal with Brexit. We kick around the issue of direct investing by sovereign wealth funds and large pensions. Rachel and I dissect McKinsey’s recent survey on […]


Could Sovereign Funds Back Airbnb’s Latest Round?

According to data from SWFI’s Sovereign Wealth Fund Transaction Database, wealth funds have invested more than US$ 4 billion directly into technology startups globally without the use of venture capital funds (as of June 28, 2016). San Francisco-based Airbnb, the online home-rental company, could become the second most valuable privately-held tech startup behind Uber Technologies, […]


SWFI First Read, June 20, 2016

Temasek Unit Sells 555 Million H-Shares in CCB Fullerton Financial Holdings Ptd Ltd, a sovereign wealth enterprise (SWE) of Singapore’s Temasek Holdings, sold 555 million H-shares of China Construction Bank (CCB) on June 16th. At a price of HK$ 5.01 per share, it values the block sold at HK$ 2.78 billion. In total, Temasek reduced […]


Friday SWFI News Roundup, June 17, 2016

RDIF Leads Investors in Russian Helicopters The Russian Direct Investment Fund (RDIF) and a number of Middle Eastern funds have agreed to co-invest in Russian Helicopters. Under the agreement, the parties will invest up to US$ 600 million in the company. Upon completion of the transaction, the investor consortium will hold up to 25% of […]


RDIF Leads Investor Group into AF Group

The Russian Direct Investment Fund (RDIF) and a number of Gulf-based institutional investors invested in Russia-based AFG National, LLC, a vertically integrated agro-industrial holding that is engaged in activities such as rice production, field vegetables, table potatoes, and packaged cereals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


MODI EFFECT: SWFs and Pensions Intensify Direct Investments in India

Narendra Modi was sworn in as Prime Minister of India on May 26, 2014. Somewhat stronger private property rights, slightly-loosened regulation and friendlier foreign investment laws have increased the flows of foreign institutional investor capital. Since 2013, direct investments by sovereign funds and public pensions into India have ramped up, according to time-series data from […]


PSP Investments Buys Chunk in Animal Tagging Company Allflex

The Public Sector Pension Investment Board (PSP Investments) acquired a significant minority interest in Allflex Group (Allflex) from private equity firm BC Partners. BC Partners will remain the controlling shareholder. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 9, 2016

Oman to Stimulate its Healthcare Sector by PPP Model [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


bcIMC Buys Minority Stake in Glencore Agri

Glencore Plc is selling a 9.99% stake in its agriculture unit, Glencore Agricultural Products (Glencore Agri), to British Columbia Investment Management Corporation (bcIMC) for US$ 624.9 million payable in cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 10

This is the first episode of Global Connections, part of SWFI’s Follow the Money. Rachel and I chat about a number of current events that may impact institutional investors and their environment. We cover the U.S. Presidential election, touch on Brexit and jump to Saudi Arabia’s Public Investment Fund (PIF) investment into Uber. We touch […]


Malaysia MinFin to Back Proton Holdings

Malaysia’s Ministry of Finance, through Govco Holdings Berhad, has plans to invest, by way of redeemable convertible cumulative preference shares, 1.25 billion MYR (US$ 307 million) into DRB-Hicom Berhad, the owner of auto manufacturer Proton Holdings Berhad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Sticks with Commodities Trader Noble Group

Hong Kong-based Noble Group Limited’s Chairman Richard Elman plans to exit the company within the next year. The news comes days after its CEO Yusuf Alireza left. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]