Middle East

Saudi Aramco Names More Advisors for Future Listing

The Saudi Arabian Oil Company (Saudi Aramco) has taken a number of forward steps regarding its planned initial public offering (IPO). For example, in March, the Saudi Arabian government lowered the tax rate paid by Saudi Aramco from 85% to 50%.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SWFI First Read, March 29, 2017

CIT Finances Battery Storage System in Los Angeles CIT led the non-recourse project financing of a 50 megawatt fleet of behind-the-meter, battery storage systems located in certain grid-constrained pockets of the West Los Angeles Basin. Macquarie Capital had acquired the asset from Advanced Microgrid Solutions in August 2016. Since the August acquisition, Macquarie and Advanced […]


Qatar Sovereign Fund Plans to Open San Francisco Office

In joining many of its sovereign wealth fund peers, the Qatar Investment Authority (QIA) plans to open an office in San Francisco in 2017 or in the first quarter of 2018. The QIA has an office in Manhattan. The CEO of QIA informed an audience at the Qatar UK Business and Investment Forum, on March […]


SWFI First Read, March 25, 2017

Bloomberg Reports QIA to Move Domestic Assets to Qatar MoF Bloomberg reported the Qatar Investment Authority (QIA) will move roughly US$ 100 billion of its domestic portfolio to Qatar’s Ministry of Finance. SWFI cannot guarantee the accuracy of this move and is awaiting confirmation. UK FCA Reignites Investigation Regarding Barclays and Qatar The U.K. Financial […]


Follow the Money – Episode 35

This episode was recorded on March 22, 2017. Rachel and Michael cover JASTA and the potential effects it will have on future investment activity. This episode has a special focus on legal issues and shareholder rights. There is also a debate on ethical investing and the costs of it. Download the Episode CONTENTS 1:05 Shareholder […]


ADIA Sues Petrobras Thanks to Operation Car Wash Results

Increasingly, sovereign funds are asserting their shareholder rights over listed corporations when it comes to possible material misstatements by firm management, which can drastically impact the value of a company security. Petroleo Brasileiro S.A. (Petrobras), Brazil’s gigantic state-owned oil giant, has been embroiled in a widespread political scandal that brought down the country’s first female […]


Qatar Royal Family Plans to Participate in Deutsche Bank Capital Raise

Deutsche Bank AG plans to raise €8 billion (US$ 8.6 billion) from an equity capital increase, according to its website. The German mega lender plans to strengthen its balance sheet by issuing 687.5 million new shares at €11.65 per share. This would be a 35% discount compared to the close on March 17, 2017. The […]


SWFI First Read, March 20, 2017

Bakheet Al Katheeri Promoted to Chief Executive for Mubadala Petroleum Bakheet Al Katheeri was named the new Chief Executive for Mubadala Petroleum. This move is part of the massive reorganization of the merger between International Petroleum Investment Company (IPIC) and Mubadala Development Co. Al Katheeri was the Chief Growth Officer of Mubadala Petroleum. Before Mubadala […]


Follow the Money – Episode 34

In mid-March, Rachel and Michael roll back into Follow the Money, talking about luxury retail and infrastructure investments. Rachel talks about investment partnerships and Turkey’s wealth fund. Download the Episode CONTENTS 0:55 Neiman Marcus Story 4:15 Chatting About E-Commerce 5:30 Mubadala Updates 8:18 Sovereign Funds and Inflation Strategies 12:15 Hedging Cash Flows and Investment Partnerships […]


OIF Nears Syndication Deal for Omantel Acquisition

The Oman Investment Fund (OIF) is in the midst of finalizing its complete syndication of a 5-year, US$ 600 million loan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 14, 2017

PremjiInvest Participates in Series B in iD Fresh Food Bengaluru-based iD Fresh Food (India) Pvt. Ltd., which was formed in 2006, raised US$ 25 million in a Series B round from PremjiInvest, a family office. iD Fresh Food is a maker of ready-to-cook dosa and idli batter. J.P. Morgan Asset Management Wants in on Smart […]


RDIF and Turkey Wealth Fund Form a JV Country Fund

The neighboring countries of Russia and Turkey have formed a fund to help cement economic ties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 9, 2017

RDIF and LR Group See Potential Investments in Building Dairy Processing in Russia The Russian Direct Investment Fund (RDIF) and LR Group Ltd., an Israeli agro-integrator, agreed to co-invest in dairy farming and milk processing in Russia. In total, US$ 100 million is being planned to be invested in a variety of potential regional projects. […]


Qatar Airways Plans to Open Indian Airlines with SWF Help

Qatar and India have built stronger economic ties over the past decade, despite trade going back centuries. The liberalization of some ownership regulations and encouragement of foreign investment has lured increased wealth fund, pension and private equity capital into India. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SWFI – Movers and Shakers – March 1, 2017

Wilbur Ross Named 39th United States Secretary of Commerce Wilbur Louis Ross Jr. was sworn in as the 39th United States Secretary of Commerce. By a vote in the U.S. Senate of 72-to-27, Ross was confirmed. Ross had extensive experience in bankruptcy-restructurings working at Rothschild Investments and eventually forming WL Ross & Co. MarketAxess Grows, […]


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 […]


KIA

KIA Managing Director Reported Stepping Down

Both Kuwait and global news sources are reporting that Bader Mohammad Al-Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), is stepping down from his position, but will remain on the board at KIA. Bader Mohammad Al-Sa’ad was ranked #7 on the inaugural Public Investor 100 in 2013. [ Content protected for Sovereign Wealth Fund […]


turkey

Hydropower Plants Next for Turkish SWF

The Turkish government seems to be moving more state-owned properties and assets into its new wealth fund, Turkey Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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 […]


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 […]