Infrastructure

SWFI First Read, July 18, 2017

Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group […]


OMERS and Ontario Teachers Sell High Speed 1

Borealis Infrastructure (Borealis), the infrastructure investment manager of OMERS, and Ontario Teachers’ Pension Plan (Ontario Teachers) inked a deal to sell High Speed 1 (HS1) to an investor group comprised of InfraRed Capital Partners Limited (on behalf of investors) and Equitix Investment Management Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


ABP to Acquire 48 Assets from Dutch Infrastructure Fund

The Dutch giant Stichting Pensioenfonds ABP, which outsources its money management to APG Investment Management, acquired 48 projects from Schiphol-based Dutch Infrastructure Fund B.V. (DIF) in a €700 million transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth india

GIC Buys Shares of Gayatri Projects

Singapore’s GIC Private Limited acquired a 6.2% stake in Gayatri Projects Ltd., a listed infrastructure company in India, by purchasing 1.1 crore shares at around Rs 150 per share, for a total value of Rs 165 crore (US$ 25.526). Gayatri is involved in many ventures including energy generation. Gayatri has a venture with Sembcorp Utilities, […]


SWFI First Read, July 6, 2017

Qatar Sovereign Wealth: $26 Billion in U.S., Since 2015 Revealed at a business roundtable meeting held by the US-Qatar Business Council (USQBC) in Washington, D.C., is that the Qatar Investment Authority (QIA) has invested roughly US$ 26 billion into the United States since 2015. The QIA is looking to open a San Francisco office to […]


Infracapital Sells Isle of Wight Ferry Operator to Pension Funds

Infracapital, a division of M&G Investment Management Limited and M&G Alternatives Investment Limited, has sold a 100% equity stake in Isle of Wight ferry operator Red Funnel to a group of institutional investors. Infracapital had owned the ferry operator since 2007. The investor group was led by West Midlands Pension Fund and the Workplace Safety […]


london

Thames Water Shareholders Facing Greater Scrutiny

Peter Mason, the Chairman of Thames Water, is facing pressure to improve the utility’s performance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 2, 2017

APFC Employees Get Assurance, Budget Bill is Signed Employees at the Alaska Permanent Fund Corporation (APFC) will be able to get assurance on their jobs. Down to the days in budget negotiations, Alaska Governor Bill Walker signed the state’s annual operating budget into law at the end of June. Walker signed the budget without using […]


LOST AGAIN: Gassled Investors Lose in Appeals Court

The Gassled investors have lost again. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Participates in InterPark Buyout

An investor group led by TIAA Private Investments, an affiliate of Nuveen, and Antarctica Capital finalized talks to buy Chicago-based InterPark, LLC, the largest owner-operator of parking infrastructure in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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. ]