Infrastructure

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. ]


SWFI First Read, May 11, 2017

Sino-Ocean Land Acquires SOMA Office Property in San Francisco Beijing-based Sino-Ocean Land, which is owned by COFCO, has acquired an office building at 1161 Mission Street in San Francisco. The anchor tenant for the building is WeWork. The seller of the building is Los Angeles-based Downtown Properties, a property business formed by Goodwin Gaw. In […]


DP World to Commit $1 Billion More Toward India Maritime Infrastructure

DP World, a global operator of terminals, committed US$ 1 billion in investments toward India’s marine infrastructure, specifically in the areas of logistics and customs services. Some of these developments include the port infrastructure of the Sagarmala project, the formation of the Delhi-Mumbai Industrial Corridor, cold chain storage, cruise terminals, free trade zones and river […]


RPMI Invests in Gigaclear

The Railways Pension Scheme (RPMI), Infracapital (the infrastructure arm of M&G Investments) and Woodford Investment Management joined forces to provide funding for Abingdon, Oxfordshire-based Gigaclear, a rural broadband provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Silk Road Fund Acquires Interest in Italian Motorway Company

A collection of institutional investors have acquired a 10% stake in Autostrade per l’Italia S.p.A. from Atlantia. The first 5% stake of Autostrade was sold to an investor group formed by Allianz Capital Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: Wealth Fund Direct Investments in China Have Slowed

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “As wealth funds realign their Asia portfolios, direct investments in China have slowed, notes Michael Maduell of Sovereign Wealth Fund Institute.” Date: April 24, 2017 (Singapore Time)


$3.39 Trillion Allocated to Equities by Sovereign Funds in 2016

The Sovereign Wealth Fund Institute (SWFI) research team estimates that at the end of 2016, US$ 3.39 trillion was being allocated to the listed equity asset class, an increase from 2015. There was also slightly increased asset allocation percentages in private equity, real estate and infrastructure, with fixed income facing a pullback. Sovereign fund allocation […]


Plans for Saudi Public Investment Fund to Inherit Airports and Other Aviation Assets

As part of the massive privatization efforts by the Saudi Arabian government, the Riyadh-based Saudi Civil Aviation Authority plans to turn a number of airports into companies to improve accountability and transparency. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Fiera Capital President Leaves

Sylvain Brosseau, Global President and Chief Operating Officer of Canada-based Fiera Capital Corporation, has resigned from the company. Taking his place in the interim is Jean-Guy Desjardins. Brosseau will continue to be a member of Fiera Capital’s Board of Directors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


GE Transportation Buys 50% Stake in Lokomotiv Kurastyru Zauyty Joint Venture

GE Transportation, part of American industrial conglomerate General Electric, finalized the acquisition of a 50% ownership interest in Astana, Kazakhstan-based Lokomotiv Kurastyru Zauyty JSC (LKZ), a locomotive manufacturer and marketer from KTZ (Kazakhstan Temir Zholy). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OMERS Directly Invests in Politically-Important Chile LNG Terminal

OMERS had embarked on its inaugural direct infrastructure investment in South America, investing in a major liquefied natural gas (LNG) terminal in Chile. The LNG terminal is located in Quintero Bay, 160 kilometers northwest of Santiago. Notably, the terminal is the southern hemisphere’s first land-based terminal dedicated to the receiving, unloading, storage and regasification of […]


SWFI First Read, April 11, 2017

J.P. Morgan Asset Management to Acquire Beacon Rail Leasing J.P. Morgan Asset Management has agreed to buy Beacon Rail Leasing, a U.K. rolling stock leasing company, from London-based Pamplona Capital Management (through Pamplona Capital Partners III), for £855 million. Pamplona Capital Management started a bidding process for the asset in November 2016. The private equity […]


CalPERS Seeks to Emulate the Reference Portfolio Concept

The California Public Employees’ Retirement System (CalPERS) is moving toward the reference portfolio model, emulating the likes of the Ontario Teachers’ Pension Plan (OTPP), Canadian Pension Plan Investment Board (CPPIB), GIC Private Limited and the New Zealand Superannuation Fund. Mega pension CalPERS has slowly reduced exposure to private equity over the past months. In April, […]


SWFI First Read, April 7, 2017

Darryl Murphy Named Head of Infrastructure Debt at Aviva Investors Aviva Investors hired Darryl Murphy as head of infrastructure debt on the alternative income solutions team. He will oversee a team of 20 infrastructure debt professionals. Previously, Murphy was a Partner at KPMG working in the U.K. corporate finance unit focusing on the power and […]