Infrastructure
doha sovereign wealth fund

SWFI First Read, February 27, 2017

Chinese Insurer AIA Looks to SE Asia Chinese mega insurer AIA Group Ltd seeks to grow its overseas investments and insurance business in emerging markets. AIA is increasing its investment presence in Singapore, by moving some team members from Hong Kong to Singapore. AIA also formed a new subsidiary in Singapore. The Southeast Asian countries […]


SWFI First Read, February 26, 2017

Chinese Government Capital Backs Haoqiao.cn Haoqiao.cn is a Chinese hotel search and booking engine that was founded in 2013. Haoqiao has raised 120 million RMB (US$ 17 million) in a fresh Series B round from China Merchants Capital Investment Co. and China National SME Development Fund. This is the China National SME Development Fund’s second […]


China Railway Construction Rolls Forward on $1.85 Billion Kano Project in Nigeria

Northern Nigeria is getting additional help when it comes to transport infrastructure. The State of Kano is the second biggest industrial region in the country with the city of Kano as a key economic and regional hub. Some key industries in Kano include plastics, agricultural products, dairy products, ceramics, textile, tanning and footware. In the […]


SWFI First Read, February 21, 2017

SOURCES: China NSSF Has an Annual Average Investment Yield of 8.4% Since Inception China’s National Council for Social Security Fund (NSSF) has an annual average investment yield of 8.4% in the 16 years since it was founded. This is according to local Chinese news reports from an official of the organization. The news sources report […]


NSSF

Ghana Infrastructure Investment Fund Inks Partnership Agreement With Ithmar Capital

The Ghana Infrastructure Investment Fund (GIIF), one of Ghana’s sovereign funds, and Morocco’s Ithmar Capital, are looking to work together on potential co-investment opportunities within Africa. The two parties signed a strategic partnership agreement. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 17, 2017

HNA Group Buys Small Stake in Deutsche Bank China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank. GIC Sold Some Shares in CGN Power Co., Ltd Singapore’s GIC Private Limited lowered […]


Follow the Money – Episode 32

This episode was recorded on February 15, 2017. Rachel and I break into chatting about the SoftBank/Fortress Investment Group transaction. Rachel reports on VietJet, while I discuss direct wealth fund deals into mainland China. We dive into emerging market deals in countries such as Brazil and India. I talk about direct deals and the headaches […]


SWFI First Read, February 16, 2017

ADIA and CDPQ Eye Autostrade Investment Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia. Mubadala Investment Company […]


China-Russia Tongjiang Rail Bridge Back on Track

The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 14, 2017

U.S. Senate Confirms Mnuchin for Treasury Secretary In a 53 to 47 vote that was mostly along party lines, the U.S. Senate has confirmed Steven Mnuchin for U.S. Treasury Secretary. Mnuchin was CEO of OneWest Bank, the entity that acquired IndyMac. Nordea Gets Political Over Dakota Access Pipeline Nordea has decided to divest from bonds […]


The Canadians Are Building a National Infrastructure Bank

In November 2016, Canadian Finance Minister Bill Morneau stood up in the House of Commons and announced plans to create a new infrastructure bank, a Canada Infrastructure Bank, for the country. Building infrastructure and creating jobs are popular themes that resonate with many voters in Western countries. Tapping on wealth fund, pension and infrastructure asset […]


Can Mubadala Rejuvenate Brazil’s Invepar?

Brazil, Latin America’s biggest economy, is facing its toughest recession in decades amid a earth-shattering political crisis that linked government officials with state-owned companies. Making matters worse for the Brazilian economy is that borrowing costs had surged, while deal execution risk has increased. In February, state-controlled oil giant Petróleo Brasileiro SA (Petrobras) had its sale […]


SWFI First Read, February 13, 2017

Endeavour Energy Gets Offers The New South Wales government has received offers for a majority stake in Australian state-owned power grid Endeavour Energy. One investor group is led by Macquarie Group partnering with British Columbia Investment Management Corporation (bcIMC). Another investor group is led by Queensland Investment Corporation (QIC) that includes AMP Capital and Borealis […]


Algerian Government Permits New $3.3 Billion Deep Water Port

Oil and gas comprises the majority of Algeria’s export revenues. The Algerian government has permitted construction to start on a new deep-water port at El Hamdania which is roughly 80 kilometers west of Algiers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 7, 2017

CITIC Capital Partners Raises Third Japanese Buyout Fund CITIC Capital Partners Limited, the private equity arm of CITIC Capital Holdings Limited, closed its third Japan buyout fund called CITIC Capital Japan Partners III. The fund had a hard cap of 30 billion JPY, attracting both Japanese and non-Japanese investors. The investor base included a sovereign […]


SWFI First Read, February 2, 2017

QIA Sells Some Shares in Agricultural Bank of China According to Hong Kong filings, Qatar Investment Authority (QIA) sold 3.84 million H shares of Agricultural Bank of China Ltd. The shares were sold at an average price of HK$ 3.26 per share on January 27, 2017. Post-transaction, the QIA owns a 11.99% stake in the […]


BlackRock Positioning for Potential American Infrastructure Boom

BlackRock Inc. has struggled in growing its alternatives business quickly, losing out to niche and well-funded infrastructure managers in expanding assets under management. According to regulatory filings, BlackRock experienced an outflow of US$ 364 million in the fourth quarter of 2016 from its alternatives business. As of December 31, 2016, alternatives for BlackRock comprised 2.27% […]


SWFI First Read, February 1, 2017

The Next Soros CIO is Dawn Fitzpatrick Dawn Fitzpatrick, an executive at UBS Group AG, is leaving the bank at the end of March to take on a high-level role at Soros Fund Management, which oversees the vast wealth of hedge fund titan George Soros. Fitzpatrick will serve as the Chief Investment Officer at Soros […]


SWFI First Read, January 25, 2017

Norway GPFG: Raytheon Removed from Naughty List Defence company Raytheon was removed from Norway’s SWF banned list. Raytheon was banned from investing in 2005 over its involvement in the production of cluster munitions. Raytheon is no longer involved in the activity. India’s NIIF to Ink MoU with ADIA [ Content protected for Sovereign Wealth Fund […]


Trump Admin Compiles Initial Infrastructure List

Documents obtained by McClatchy’s Kansas City Star and The News Tribune detail 50 potential infrastructure projects that U.S. President Donald Trump’s team has compiled. Some of the projects are revenue generating and would be open to private money. So far, the projects total some US$ 137.5 billion.[ Content protected for Sovereign Wealth Fund Institute Standard […]