Infrastructure

Alaskan SWF May Commit Up to $3 Billion Toward Private Markets in FY 2017

The Alaska Permanent Fund Corporation (APFC) is keen on getting more deal flow in private markets. With a new chief investment officer named Russell Read (formerly from Kuwait GIC and CalPERS) and a mandate from the fund’s board of trustees, the fund plans to commit up to US$ 3 billion in private investments for the […]


Alaskan SWF Commits Half a Billion to Infrastructure Fund

The Alaska Permanent Fund Corporation (APFC) committed US$ 500 million to a fund managed by Global Infrastructure Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Massive Scottish Offshore Windfarm Project Gets Greenlight

PensionDanmark finalized its first investment in a £2.6 billion Scottish offshore windfarm dubbed Beatrice Offshore Windfarm Ltd. PensionDanmark made the investment through the Copenhagen Infrastructure Partners’ I and II funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 17, 2016

Investec Asset management Wins Sub-Saharan Africa Infrastructure Mandate Investec Asset management won a mandate to manage a US$ 670 million fund called the Emerging Africa Infrastructure Fund (EAIF). The fund, which was founded in 2002, is a public-private partnership financially backed by a number of governments including Switzerland, United Kingdom, the Netherlands and Sweden. The […]


SWFI First Read, May 16, 2016

Russell Investments Forms New Global Client Strategy and Research Unit Seattle-based Russell Investments created a new team called the Global Client Strategy & Research team within its investment division. This new team will be led by Kevin Turner, a 21-year veteran of the company. He will report to Brian Meath, global chief investment officer, multi-asset […]


SWFI First Read, May 9, 2016

Nant Health Seeks IPO Culver City-based Nant Health LLC which is backed by investors such as the Kuwait Investment Authority (KIA) and BlackBerry Corporation, plans to have its US$ 92 million initial public offering (IPO) on the Nasdaq. Jefferies and Cowen & Co. are serving as lead underwriters. Investment Banks GCA Savvian and Altium Sign […]


sovereign wealth deal

PSP Investments Forms ROADIS, a Global Road Platform

In a bid to end complexity, the Public Sector Pension Investment Board (PSP Investments), announced the completion of the split of Isolux Infrastructure Netherlands B.V. with Grupo Isolux Corsan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS Buys 10 Percent of Indiana Toll Road Concession

California Public Employees’ Retirement System (CalPERS) acquired a 10% stake in the Indiana Toll Road Concession Company LLC (ITRCC) from global fund manager IFM Investors, through its IFM Global Infrastructure Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Institutional Investors Seek Exposure to Natixis-Originated Loans

Korean institutional investors plan to get more exposure toward infrastructure and aviation debt. Samsung Life Insurance Co., Ltd. and Samsung Asset Management Co. agreed to invest US$ 500 million in infrastructure and aviation debt over a period of five years in loans originated by Natixis S.A. [ Content protected for Sovereign Wealth Fund Institute Standard […]


SWFI First Read, April 30, 2016

PROMOTION: Cambridge Associates Names New CEO Cambridge Associates promoted its president and head of global investments David Druley to chairman and CEO. This will be effective July 1, 2016. [ 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. ]


GIC to Become Minority Owner in the Biggest U.S. Indie Electric Trans Company

On February 9, 2016, Canada-based Fortis Inc., an international diversified electric utility holding company, had announced they planned to acquire Michigan-based ITC Holdings Corporation, the largest independent electric transmission company, in a transaction valued at approximately US$ 11.3 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


REVEALED: CalPERS New Real Assets Program

The California Public Employees’ Retirement System (CalPERS) adopted a new strategic plan for its massive real assets program. CalPERS is a major institutional investor in real estate investing in core funds, joint ventures and co-investing in major properties. CalPERS is seeking to reign in risk, while reducing complexity and costs. Institutional investors are facing a […]


SWFI First Read, April 18, 2016

Gerald Keefe to Head APAC Corporate Banking for Citigroup Citigroup Inc. selected Gerald Keefe as its Hong Kong-based head of corporate banking for the Asia-Pacific region. This is a new role. Keefe pivots from his current job as head of corporate banking for Japan. Keefe will report to both Mark Slaughter, head of Asia-Pacific corporate […]


SWFI First Read, April 6, 2016

Societe Generale Seeks to Cut 128 Jobs in Banking and Investor Solutions Division French bank Societe Generale may cut 128 jobs in its Global Banking & Investor Solutions division, according to the CGT union. The layoffs are part of a cost-saving plan that was announced by Societe Generale in 2015. Citi Wins Custodial Mandate from […]


Norway SWF to Boost Allocation to Real Estate to 7%

Norway’s Ministry of Finance plans to modify Norway’s Government Pension Fund Global (GPFG) upper limit to real estate allocation from 5% to 7%. In addition, the Finance Ministry is not prepared to permit the GPFG to invest in unlisted infrastructure. Institutional Investor Profile of Norway’s SWF [ Content protected for Sovereign Wealth Fund Institute Standard […]


SWFI First Read, April 3, 2016

SunEdison Plans to File for Bankruptcy Protection The once darling of hedge funds and other institutional investors, solar-energy company SunEdison Inc., plans to file for bankruptcy protection in future weeks. SunEdison became one of the largest developers of renewable power plants in the United States by taking advantage of cheap funding and financial engineering by […]


SWFI First Read, March 31, 2016

GIC and Brigade Group JV Acquire Kansai Nerolac Land Bengaluru-based property developer Brigade Group and Singapore’s GIC Private Limited, through their joint venture vehicle Perungudi Real Estates, are purchasing a 16-acre asset in Chennai’s Perungudi area from Kansai Nerolac Paints for Rs 537.86 crore. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


SWFI First Read, March 16, 2016

London Stock Exchange Group and Deutsche Bourse Agreed to Merge The London Stock Exchange Group and Deutsche Bourse publicly announced plan to combine in a merger of equals. The combined entity would be based in London. The deal is an all-share deal and form a holding company for both companies called UK TopCo. 54.4% of […]


Morgan Stanley Understands Public Funds’ Hunger for Infrastructure

Morgan Stanley announced they raised US$ 3.6 billion for its second infrastructure fund called North Haven Infrastructure Partners II (NHIP II). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]