Infrastructure
tibbles

SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]


PSP Investments Buys into Pattern Energy Platform

PSP Investments is making a big move into the wind renewable energy sector by increasing its investment with Pattern Energy Group Inc. through a variety of means. First, PSP Investments is purchasing 8.7 million shares, a 9.9% ownership interest, of Pattern Energy stock from Pattern Development 1.0. [ Content protected for Sovereign Wealth Fund Institute […]


U.S. President Trump Mentions Rural Broadband Investment in Infrastructure Proposal

On June 21, 2017, U.S. President Donald J. Trump spoke to a large crowd in Cedar Rapids, Iowa at the U.S. Cellular Center. Trump briefly touted the US$ 1 trillion infrastructure proposal plan. Trump mentioned that part of the plan includes a provision for enhancing rural broadband internet access. Increasingly, U.S. farmers are using technology […]


Denmark’s Industriens Pension Invests in a Number of Motorway Investments

Industriens Pension has invested in the Northwest Parkway toll road in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 20, 2017

Landmark Merger Approved by Shareholders of Standard Life and Aberdeen Asset Management The merger between Standard Life and Aberdeen Asset Management is going through as shareholders overwhelmingly approved the deal. More than 98% of Standard Life shareholders and more than 95% of Aberdeen shareholders approved of the merger. The new company will be called Standard […]


SWFI First Read, June 16, 2017

ADIA Expresses Interest in Cube Highways and Infrastructure The Abu Dhabi Investment Authority (ADIA) has expressed some interest in possibly investing US$ 200 million in Cube Highways and Infrastructure Pte Ltd, an Indian toll roads platform. Cube Highways and Infrastructure was formed by the International Finance Corporation (IFC) and I Squared Capital. Cube Highways and […]


Overseas Asian Wealth Fund Money Funds Permian Basin Natural Gas Project

Singapore’s GIC Private Limited is making a play to help finance energy development in the Delaware Basin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Did CBRE Buy Caledon Capital?

As the institutional investment business takes a pivot toward Western infrastructure, real estate managers are taking notice, some are actively looking to buy emerging managers. CBRE Group, Inc. had signed a definitive agreement to acquire a majority ownership stake in Toronto-based Caledon Capital Management. Operationally, Caledon Capital will remain independent and current management plans to […]


SWFI First Read, June 4, 2017

Turkey Wealth Fund Forms Four Sub-Funds The Turkey Wealth Fund is forming four sub-funds. They are the financial stability fund, license fund, mining fund and a fund in the small-and-medium enterprises (SME) area. Michelle Neal Named to BNY Mellon’s Executive Committee BNY Mellon named Michelle Neal to the firm’s executive committee. Michelle Neal is the […]


Goldman Sachs Maintains Control in Redexis Gas

USS Investment Management and Denmark’s ATP upped their stakes in Redexis Gas, Spain’s second-largest gas transportation business, to 49.9% collectively. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Dutch Pensions Sell Q-Park to KKR

KKR, through its infrastructure platform, is buying 100% of the outstanding share capital of Q-Park N.V., a European parking company with more than 870,000 parking spaces in over 6,300 locations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 38

Rachel and I discuss the SoftBank Vision Fund, Saudi Arabia, the Middle East and sovereign wealth funds in this episode of Follow the Money. Rachel gives her opinion on the Blackstone infrastructure fund. This podcast was recorded on May 24, 2017. Download the Episode CONTENTS 1:05 Chatting about Saudi Arabia, SoftBank Group and Sovereign Wealth […]


bcIMC Sells 5% Stake in Spain’s CLH to APG

APG Infrastructure, a unit of APG Asset Management, purchased a 5% stake in Compañía Logística de Hidrocarburos SA (CLH) from bcIMC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Italy’s ANAS to Participate in M-4 Don Highway Project

On May 17, 2017, the Russian Direct Investment (RDIF), ANAS S.p.A. (National Autonomous Roads Corporation) and Avtodor State Company announced the formation of a consortium targeting Russian highway infrastructure development and road management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 37

Here is a short Follow the Money Show episode after a long-hiatus. This podcast was recorded on May 17, 2017. Download the Episode CONTENTS 1:15 GIC Selling Off its UBS Stake 3:30 Norway’s Sovereign Fund Expands Regent Street Partnership 4:50 One-Belt One-Road, Silk Road Fund Gets More Funding Follow the Money Show is available on […]


blackstone

Saudi’s Sovereign Fund is Serious on Infrastructure, Signs MoU with Blackstone

Cash-rich sovereign wealth funds are major participants in the capital-intensive ecosystem of unlisted infrastructure. On his first foreign trip since inauguration day, U.S. President Donald J. Trump is making rounds in the Middle East, starting off in Riyadh. Despite political headaches in Washington D.C. egged on by major T.V. reporters, Trump is keen on having […]


India deals

Ascendas-Singbridge and Semcorp Industries Awarded Master Development Rights to Amaravati Startup Area

Amaravati is a planned city on the southern banks of the Krishna River – it is also the new capital city of the Indian state of Andhra Pradesh. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


$124 Billion Pledge for the New Silk Road

On May 14th, 2017, Chinese President Xi Jinping pledged US$ 124 billion for his new Silk Road plan, luring more countries and corporations into its geopolitical clout. Also known as the One Belt, One Road program, which was revealed in 2013, the New Silk Road looks to expand beyond the interconnectedness of Asia and Europe. […]


Saudi Prince Mohammed bin Salman’s Potential Gambit on U.S. Infrastructure

Institutional investors, including sovereign funds and state pensions, are thirsting for U.S. President Donald Trump to lay out a concise plan for accessing American infrastructure. Countries such as Canada, China, Japan, Qatar and now Saudi Arabia have made it clear publicly and through channels to signal a desire to move institutional capital to fund much-needed […]


australia infrastructure

bcIMC and QIA Get Exposure to Endeavour Energy Deal

An investor group called Advance Energy led by Macquarie Infrastructure & Real Assets won a bid to acquire a majority stake in Endeavour Energy, a New South Wales (NSW) government utility company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]