Infrastructure

SWFI – Movers and Shakers – August 19, 2015

Ex-Goldman Sachs Vice-Chair Named Dallas Fed Chief On August 17th, The Federal Reserve Bank of Dallas named Robert Steven Kaplan its president and chief executive, effective September 8, 2015. Kaplan replaces Richard Fisher who retired in March 2015. Kaplan is a professor of management practice and a senior associate dean at Harvard Business School (HBS). [...]


Angel Trains Has New Owners

Institutional investors are attracted to long-term contractual businesses that permit a high degree of income stability and visibility. Angel Trains has been sold to an investor group led by AMP Capital in a complicated transaction. AMP Capital through its managed funds already had a 25% stake in Angel Trains. [ Content protected for Sovereign Wealth [...]


Kuwait Sovereign Wealth Fund Eyes London City Airport

The London City Airport, located near Canary Wharf financial district, is up for sale as its owner Global Infrastructure Partners seeks to cash in.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


superannuation

Canadian Investors to Takeover Australian Ports Operator and Infrastructure Company

A Brookfield consortium is acquiring Asciano, an Australian ports operator and infrastructure user business, in a A$ 8.9 billion (US$ 6.6 billion) takeover. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 14, 2015

Former Temasek China Chief Leaves for Morgan Stanley Executive Role Morgan Stanley plans to hire Wing Dei, the former head of China of Singapore’s Temasek Holdings. Wing Dei will become vice chairman of Morgan Stanley’s Asia Pacific investment banking unit. Ding is an investment banker by trade and worked at China International Capital Corporation (CICC). [...]


Asset Owner Real Estate Roundup, August 12, 2015

CalSTRS Buys Another Data Center California State Teachers’ Retirement System (CalSTRS) acquired another data center. DataCore LP, its US$ 500 million separate account managed by GI Partners, bought the data center at 10828 NW Airworld Drive, Kansas City. The tenant is Datapipe, Inc., a cloud and managed services provider. In 2012, CalSTRS founded DataCore to [...]


Taiwan Public Service Pension Awards RE Mandates

Taiwan institutional investors are encountering low yields on domestic real estate investments. Taiwan’s Public Service Pension Fund has allocated US$ 150 million in its global listed real estate mandate to two managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth india

Bangladesh to Ponder Sovereign Wealth Fund

Will Bangladesh be the next South Asian country to launch a sovereign wealth fund? [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Abu Dhabi Investment Authority Buys Stake in Tank & Rast

Private equity firm Terra Firma Capital Partners and a fund managed by Deutsche Asset and Wealth Management (formerly RREFF) have finally found buyers for Autobahn Tank & Rast Holding Gmbh, Germany’s biggest owner and concessionaire of a network of motorway service areas providing services to 500 million visitors each year. The vast network has around [...]


André Bourbonnais

Bourbonnais Alters Course at PSP Investments, Focus Overseas

PSP Investments, also known as the Public Sector Pension Investment Board, has a relatively-new chief and he intends to bring CPPIB style to his current employer. PSP Investments oversees the retirement savings of federal public servants, including the Royal Canadian Mounted Police. Andre Bourbonnais is the chief executive officer of PSP Investments, he also graced [...]


Investors Back Sub-Saharan Africa Telecom Infrastructure Fund

Johannesburg-based Convergence Partners raised one of the biggest communication technology infrastructure funds in sub-Saharan Africa – hitting more than US$ 200 million in commitments. Most of the backers were Western development institutions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 31, 2015

GIC a Cornerstone Investor in Syngene International Singapore’s GIC Private Limited became a cornerstone investor in Syngene International Ltd, the research and development subsidiary of Indian pharmaceutical company Biocon Ltd. Essentially, Syngene is a contract research organization. GIC kicked in Rs 25 crore, other investors such as funds managed by Morgan Stanley, Deutsche Bank and [...]


GAMECHANGER: CIC Officially Announces New Subsidiary

The China Investment Corporation (CIC), the largest sovereign wealth pool of capital in China, has officially announced the launching of its newest sovereign wealth enterprise (SWE) called CIC Capital Corporation. This subsidiary will focus on long-term investments such as infrastructure, farmland, forestry and fishery projects overseas. [ Content protected for Sovereign Wealth Fund Institute Standard [...]


F2i Raises Money from Large Asian Investors

Il Fondo Italiano per le Infrastrutture (F2i), an Italian infrastructure manager partly-owned by banks and state-owned institutions, has raised €1.2425 billion in capital for its second investment fund. More than 40% of the capital, about €500 million, was raised was ex-Italy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


Sitting on Close to $20 Billion in Cash, Future Fund Waits

Australia’s Future Fund has augmented its exposure to cash, getting near the $20 billion mark. The Future Fund is having a challenging time finding enough value in what it sees are overly-priced assets in the marketplace. As of March 30, 2015, the sovereign fund had $17.8 billion in cash – a 15.2% allocation to cash.[ [...]


KIA Acquires Stake in Associated British Ports

On July 8th, Kuwait Investment Authority (KIA) finalized its purchase of a 10% direct stake in Associated British Ports Ltd. Associated British Ports is now 33.3% owned by Borealis (a unit of OMERS), 33.3% by Anchorage Ports LLP (owned by Canada Pension Plan Investment Board and Hermes Infrastructure), 23.3% by Cheyne Walk Investment Pte Ltd [...]


FCC and Bankia Agree to Sell Interests in Globalvia Infraestructuras to Khazanah

Construction company Fomento de Construcciones y Contratas (FCC) and Bankia, Spain’s fourth biggest bank, have reached a deal with Khazanah Nasional to sell 100% of their interests in Globalvia Infraestructuras for around €420 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC and ENGIE Sign MoU, Focus on Low Carbon

Chinese Premier Li Keqiang made a strategic visit to France to meet with French Prime Minister Manuel Valls and French President Francois Hollande. During the political trip, Gérard Mestrallet, Chairman and CEO of ENGIE, signed a Memorandum of Understanding (MoU) with Ding Xuedong, Chairman and CEO of China Investment Corporation (CIC) in Paris. ENGIE is [...]


MILESTONE: AIIB Holds Official Signing Ceremony

Beijing-based Asian Infrastructure Investment Bank (AIIB), an international development bank to rival the World Bank and Asian Development Bank (ADB), held its official signing at Beijing’s Great Hall of the People. The Articles of Agreement (AoA) were officially signed. This milestone event demonstrates China’s global economic influence. 57 counties including Germany, Singapore, United Kingdom, Australia [...]


Friday SWFI News Roundup, June 26, 2015

Caisse des Dépôts et Consignations Invests in Kingdom Holdings Saudi Arabia has been making moves to open up its listed equity market to foreign investors. French public institutional investor Caisse des Dépôts et Consignations, AXA and Orange SA invested US$ 150 million in Kingdom Holding Company (KHC). Furthermore, Caisse des Dépôts et Consignations and Kingdom [...]