Real Estate
blackstone

SWFI First Read, May 31, 2016

MISSED OPPORTUNITY: Norway SWF Was Pitched Facebook When It Was Private Norway’s sovereign wealth fund passed up investing in social networking giant Facebook before its initial public offering (IPO). Facebook had reached out to Norges Bank Investment Management (NBIM) before its IPO to see if they wanted to invest. Wealth fund rules governing it prevented […]


CPPIB Gets Mini Exposure to Romanian Real Estate

London-based Cairn Capital, a credit asset management, advisory and securities restructuring firm established in 2004, through its newly formed European Commercial Mortgage Fund, and Canada Pension Plan Investment Board (CPPIB), through its wholly owned subsidiary, CPPIB Credit Investments Inc., announced they have signed a commitment to purchase a €180 million bond secured on properties owned […]


SWFI First Read, May 30, 2016

CIT Looks to Sell Aviation Assets Lending giant CIT Group Inc. is seeking to sell some aircraft leasing assets. Some bidding entities include Industrial and Commercial Bank of China’s ICBC Leasing, Japan’s Orix Corporation and China’s HNA Group. Other possible parties to bid are China Investment Corporation (CIC), China Development Bank Leasing (CDB Leasing) and […]


Friday SWFI News Roundup, May 27, 2016

Qatari Government Hits Capital Markets for US$ 9 Billion Earlier this week, the Qatari government sold US$ 9 billion worth of Eurobonds, consisting of three maturities. Qatar is the world’s biggest exporter of liquefied natural gas (LNG). 3 Maturities 5-Year, US$ 3.5 billion, 120 basis points over U.S. Treasuries 10-Year, US$ 3.5 billion, 150 basis […]


SWFI First Read, May 26, 2016

Blackstone Ponders Logicor Sale The Blackstone Group is in talks on whether to sell its European logistics business called Logicor. The platform is valued around €11 billion, including debt. At the moment, asset owners are clamoring for high-quality logistical assets. Cybersecurity: OMERS Forms Tech Committee The Ontario Municipal Employees’ Retirement System (OMERS) has formed a […]


CIC Parks Big Money in Manhattan Financial District Office

Mega sovereign wealth funds continue to circle around core markets in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 23, 2016

Bayer Bids for Monsanto Leverkusen-based Bayer AG put out an unsolicited US$ 62 billion all-cash offer to acquire St. Louis-based Monsanto Co. Altico Capital Closes on 2 Indian Residential Deals Altico Capital, a non-banking finance company backed by Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners, closed two real estate deals in India. […]


CalPERS: Competing Against SWFs and Pensions for Properties

Real estate consulting firm Courtland Partners pitched their services to California Public Employees’ Retirement System (CalPERS) to displace the incumbent Pension Consulting Alliance (PCA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, May 20, 2016

MOODY’S: U.S. Tech Giants Hold Massive Pools of Cash Ratings agency Moody’s Investors Service put out a study showing that Apple, Microsoft, Alphabet (formerly called Google), Cisco Systems and Oracle are sitting on US$ 504 billion, or 30%, of the US$ 1.7 trillion in cash and cash equivalents held by U.S. non-financial companies in 2015. […]


Mumtalakat Holdings Invests in Offices in Phoenix and Dallas

Bahrain’s Mumtalakat Holdings acquired a 49% stake in a 1.2 million square foot portfolio of seven Class-A office buildings for about US$ 250 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GeoPhy Expands Footprint with Asset Owners

APG, a manager of Dutch pension assets, and property data provider Delft-based GeoPhy are working together with regard to property data and international expansion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 19, 2016

Qatar Airways Increases Stake in British Airways Parent Company Qatar Airways increased its stake in International Consolidated Airlines Group SA, the parent company of British Airways, to 15.01%. Qatar Airways in 2015 became the largest shareholder in International Consolidated Airlines Group. Under European Union regulations, foreign investors are limited to holding no more than 49% […]


GLP Subsidiary Seeks to Raise Panda Bonds

Singapore-listed Global Logistic Properties (GLP), a logistics owner and operator which has assets in countries such as the United States, China, Brazil and Japan, is looking to increase its market share in mainland China. Institutional investors see China’s middle class expanding, driving massive growth in e-commerce activity and retail chain store sales. [ Content protected […]


CalPERS Details INVO 2020 Plan

The California Public Employees’ Retirement System (CalPERS) is in the midst of preparing itself for rough investment waters ahead. Post-global financial crisis, the pension giant who has almost insurmountable liabilities at the moment, conducted an examination of what worked and what didn’t. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


SATISIFIED: ABP Sticks with Strategic Investment Allocation

Dutch civil servant pension fund Stichting Pensioenfonds ABP is keeping its strategic investment allocation intact for the next three years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 8

This podcast covers activities during early May 2016. The main story covers Europe and ongoing events on the macro side. Also, I cover direct energy investment trends by sovereign wealth funds. There is talk about real assets near the end. Follow the Money Show is available on asset.tv on the Asset Owner Channel. EPISODE 8 […]


NZ Super Sold Five Offshore PERE Interests

The New Zealand Superannuation Fund had agreed to sell interests in five offshore private equity real estate funds to investment funds advised by affiliates of Partners Group AG. None of the funds sold included New Zealand assets.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 9, 2016

Nant Health Seeks IPO Culver City-based Nant Health LLC which is backed by investors such as the Kuwait Investment Authority (KIA) and BlackBerry Corporation, plans to have its US$ 92 million initial public offering (IPO) on the Nasdaq. Jefferies and Cowen & Co. are serving as lead underwriters. Investment Banks GCA Savvian and Altium Sign […]


london

See the Largest Real Estate Partners of Norway’s Sovereign Fund

Norway’s Government Pension Fund Global (GPFG) has been busy acquiring offices, logistical properties and retail assets in core cities and regions such as Europe and the United States. Often, the giant sovereign fund partners with real estate investment managers, life insurance companies and other asset owners when tackling large property or portfolio transactions. For example, […]


QIC Leads Investment in North Australian Pastoral Company

Pensions are hungry for Australian cattle. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]