Infrastructure

China and Oman to Invest in Bagamoyo Port Infrastructure

The Government of Tanzania is hoping to construct a large port in the city of Bagamoyo which is 47 miles north of Dar es Salaam. The port is being primarily funded by China and construction will start by July 15, according to a statement from the President of Tanzania’s office. The port project could cost [...]


london

Tory Peer Proposes Sovereign Wealth Fund Amendment to UK Infrastructure Bill

Lord Hodgson of Astley Abbotts, a Tory peer, proposed an amendment to the UK infrastructure bill. In it, Hodgson entails the formation of a soverign wealth fund being funded by shale gas revenue. Hydraulic fracturing, also known as fracking, could provide the UK with a boom in energy revenue. According to the Associated Press (AP), [...]


REVEALED: See the Institutional Investor Groups Circling Indiana’s Toll Road

A drove of institutional investors who heart infrastructure are forming coalitions for bidding purposes to be the operator of an Indiana toll road. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIMCo Consortium Wins, Buys Porterbrook

The battle is won, as a consortium of institutional investors have agreed to acquire one of the three major rolling stock leasing companies in the United Kingdom. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GROW: Nigeria Sovereign Investment Authority Seeks to Manage up to $5 Billion

Officials from the Nigerian Federal Government are contemplating the addition of more capital to total US$ 5 billion for the Nigeria Sovereign Investment Authority (NSIA) to manage, the entity that manages three of Nigeria’s sovereign funds. Dr. Ngozi Okonjo-Iweala, Nigeria’s Finance Minister, briefed members on the sidelines of last week’s IMF/World Bank Annual Meeting in [...]


SWFI – Movers and Shakers – October 7, 2014

BlackRock Snags UBS Strategist for Multiasset Strategies Asia-Pacific BlackRock has hired Edward Bang to be head of multiasset strategies for the Asia-Pacific region. In this new position, Bang will report to Ryan Stork and Ken Kroner. Bang is coming from UBS Global Asset Management as being its head strategist for Asia-Pacific in the multiasset class [...]


QIC Part of Massive PPP Project in Melbourne

The Queensland Investment Corporation (QIC) participated in one of the largest infrastructure public-private partnership (PPP) projects in Australia’s history. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth

QIC Grows North America & Europe Infrastructure Business

The Queensland Investment Corporation (QIC), an Australian government-owned asset manager, is ramping up its infrastructure investing program. The Brisbane-based organization, which caters to the institutional investor community, has opened a new office in New York City and appointed Vittorio Lacagnina as director to head up infrastructure capital formation efforts throughout North America and Europe. “Vittorio’s [...]


infrastructure

Alaskan SWF Commits $250 Million to Infrastructure Vehicle

The Alaska Permanent Fund Corporation (APFC) has made a US$ 250 million commitment to an infrastructure vehicle. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


RDIF Builds Ties With Freight Village Ru

Business as usual at the Russian Direct Investment Fund (RDIF) as it reached consensus for a probable investment in Freight Village Ru, a logistics holding company founded in 2012. Freight Village Ru develops industrial parks under the Freight Village format. The proposal capital investment would allow Freight Village Ru to expand its Vorsino project. The [...]


Friday SWFI News Roundup, September 19, 2014

Scotland Votes “No” for Independence According to the BBC, results for Scottish independence from the United Kingdom show that 55.3% of the people voted “NO”. 44.7% of people voted “YES” for Scottish independence. The question remains if there will ever be a Scottish sovereign wealth fund. Institutional Capital Moves into Mexico for Energy Sierra Oil [...]


MENA Infrastructure Seeks to Raise $500 Million for Second Fund

Dubai-based MENA Infrastructure is seeking to raise a second US$ 500 million Shari’a-complaint infrastructure fund, MENA Infrastructure Fund II, will focus on Middle East, North Africa and Turkey. MENA Infrastructure is owned by HSBC Bank Middle East Limited, Fajr Capital and Waha Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please [...]


Public Funds Eye Associated British Ports

Goldman Sachs and UK-based Prudential plc, through its infrastructure investing arm called Infracapital Partners LP (managed by M&G Investment Management), are seeking to sell their combined 33% stake in Associated British Ports Holdings Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Dangote Transaction: Dubai Money Flows Into West Africa

Nigeria-based Dangote Cement is a publicly-traded company on the Nigeria Stock Exchange, with a market capitalization of approximately US$ 24.5 billion (largest company in Nigeria by market capitalization). Founded by businessman Aliko Dangote, Dangote Cement received a US$ 300 million investment from the Investment Corporation of Dubai (ICD). In return, ICD received a minority stake [...]


financial buyouts

PSP Investments and Arcus Infrastructure to Finalize Bid for TDF

France-based Arcus Infrastructure Partners and PSP Investments, a Canadian public pension investor, are nearing an agreement to acquire French broadcast operator Telediffusion de France (TDF) for approximately €3.55 billion (US$ 4.7 billion). TDF’s current owners are Charterhouse Capital Partners, Ardian, TPG Capital, state-backed Bpifrance Participations SA and company management. [ Content protected for Sovereign Wealth [...]


Sovereign Wealth Funds and Russia

Putin to Limit Usage of Russia’s Sovereign Fund

Russian President Vladimir Putin mentioned on September 1, 2014, that Russia cannot spend more of its National Welfare Fund on growing capital expenditures. This is after the Russian government augmented the cap on the amount allocated toward domestic investments. 40% of the National Welfare Fund can be spent on domestic investments. The Ukraine conflict has [...]


Norway Sovereign Wealth Fund Approaching $900 Billion

For the second quarter of 2014, Norway’s Government Pension Fund Global (GPFG) returned 3.3%. For that time period, equity investments returned 4.01%, fixed income 2.04% and real estate 3.04%. 61.3% of the sovereign fund is invested in equities, 37.6% in fixed income and 1.2% in real estate. Norges Bank Investment Management (NBIM) has split up [...]


financial buyouts

CalPERS Inches Toward Selecting Infrastructure Consultant

CalPERS has narrowed down its choice for an infrastructure investment consultant. CalPERS desires the proposed consultant to act as an independent fiduciary for its investment committee. CalPERS issued the request for proposal on April 25, 2014. The contract is anticipated to last 5 years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please [...]


OTPP Builds European Airport Portfolio

The Ontario Teachers’ Pension Plan (OTPP) has been an airport infrastructure investor since 2002. For many large pensions and sovereign wealth funds, international airports in core markets are regulated assets that have high barriers to entry and typically have inflation-linked stable cash flows.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe [...]


Friday SWFI News Roundup, August 15, 2014

Malaysian Airlines to be Fully Acquired by Khazanah Nasional The plagued Asian airlines, Malaysia Airlines, is going to be taken private by Khazanah Nasional, the country’s sovereign wealth fund. The carrier has suffered tremendously after two key disasters in a four month span. Khazanah is currently the largest shareholder in the airlines with a 69% [...]