Energy
texas

AIMCo Invests in Howard Energy Partners

Alberta Investment Management Corporation (AIMCo), a public investor that also oversees Alberta’s Heritage Fund, agreed to buy up to US$ 500 million of Series B Preferred Units of San Antonio-based, Howard Midstream Energy Partners, LLC (Howard Energy Partners). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 19, 2016

Temasek Sells 21% Stake in Intouch Holdings to Singtel Singapore’s Temasek Holdings, through its sovereign wealth enterprises, is selling a 21% stake in Intouch Holdings, a Thailand telecommunications conglomerate formerly known as Shin Corporation, to Singtel for S$ 2.47 billion. Singtel is 51% owned by Temasek. Singtel is funding the transaction by issuing short-term debt, […]


Danish Labor Investor PKA Backs Massive Biomass Plant in UK

Danish labor-market pension entity Pensionskassernes Administration A/S (PKA) has invested in the world’s largest new-build biomass plant. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Abu Dhabi Investment Council and Vitol Reduce Exposure to Fuel Retailer Business

Viva Energy REIT made its debut on the stock market in Australia, having its initial public offering on August 10, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


STEPS: Saudi Aramco Names Wealth Fund Head to Board

Saudi Arabia’s Public Investment Fund (PIF) has undergone a level of change over the past two years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kuwait Posts First Budget Deficit Since FY 1999

The wealthy Gulf Arab monarchies are in trying times as oil revenues continue to waiver. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ontario Teachers Invests in Midstream Assets in NE Texas and North Louisiana

Ontario Teachers’ Pension Plan (OTPP), New York-based RedBird Capital Partners LLC and Dallas-based Aethon Energy Management LLC are buying Addison, Texas-based J-W Energy’s oil & gas upstream and midstream assets located in northeast Texas and north Louisiana. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Will the Oil Retreat Shift Sovereign Fund Allocation?

Russia, Abu Dhabi and Norway seem to think so. For the first time since April 2016, the price of oil dipped below US$ 40 per barrel – causing headache among some oil-based sovereign funds. Tumbling down from a June 2016 high of US$ 51.23 per barrel, oil prices then reversed course. The price of oil […]


FINALLY: CPPIB Completes Long-Awaited Deal on DJ Basin Oil and Gas Assets

Crestone Peak Resources LLC has acquired the Denver Julesberg Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Gulf Sovereign Funds Had Redeemed Some Big Passive Equity Mandates

Gulf-based sovereign wealth funds and other monetary institutions, which are significantly impacted by the price of oil, continued redemptions in passive equity mandates. From March 2016 to June 2016, State Street Global Advisors witnessed US$ 35 billion of outflows by official institutions. The outflows reflected the current economic reality in the Gulf and need for […]


australia infrastructure

QIC and Future Fund Join AGL Energy on Renewable Energy Fund

AGL Energy Limited, Australia’s second largest energy retailer, is partnering with QIC on forming the Powering Australian Renewables Fund (PARF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Provides Funding for Quebec Wind Farm

Caisse de dépôt et placement du Québec (CDPQ) is funding the New Richmond wind farm in Gaspésie, operated by TransAlta Renewables Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 26, 2016

TransCanada Mexican Pipeline Stake Lures Interest from Canadian Giants [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


X2 Resources Struggles to Move Along

X2 Resources, a fund vehicle that was promoted to scoop up troubled or fire-sale assets in the mining sector, is running into issues with itself as it lost two key investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 15, 2016

GETTING BIGGER: BlackRock’s AUM Reaches Record High BlackRock, the world’s largest publicly traded money manager, reported assets under management of US$ 4.89 trillion from June 2016. This is up from 3.6% a year earlier and 3.2% from March 2016. BlackRock CEO Lawrence Fink in a quarterly press release stated, “We are seeing increasing evidence that […]


CPPIB-Backed Wolf Infrastructure Agrees to Western Canadian Pipeline Deal

Calgary-based Wolf Infrastructure Inc., a midstream oil and gas company, has agreed to a deal to acquire Oklahoma City-based Devon Energy Corporation’s 50% stake in the Access Pipeline in Western Canada for C$ 1.4 billion (US$ 1.1 billion). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Chile FinMin Suggests Possibility of Tapping Wealth Funds in 2017

Facing a sharp fall in the price of copper greatly caused by reduced Chinese demand, Chile’s Ministry of Finance may tap into its sovereign funds in 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala and Solvay Form JV in UAE to Expand 777X Supply

Abu Dhabi-based Mubadala Development Co., through its unit Strata Manufacturing, had formed a joint venture with Brussels-based Solvay SA, a Belgian chemical and advanced materials company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 8, 2016

Japan LDP Lawmakers Contemplate Japanese Sovereign Fund Some Japanese Liberal Democratic Party lawmakers are debating whether to form a sovereign wealth fund for the country. The wealth fund could possibly manage part of Japan’s elephantine foreign exchange reserves. By Japan having a sovereign fund, it could help make Tokyo into a greater financial center, while […]


london real estate

SWFI First Read, July 5, 2016

Standard Life Investments Suspends Trading in UK Property Fund U.K. property funds are facing redemption risks, potentially creating a spiral downward on property portfolios. Effective immediately, Standard Life Investments (SLI) suspended trading on July 5th on its £2.9 billion U.K. Real Estate fund. The fund targets U.K. real estate in areas such as warehouses, offices […]