Real Estate
sovereign wealth india

Temasek Eyes Stake in Major Indian IT Park Developer

A large Asian sovereign fund is looking at taking a stake in one of the biggest Indian real estate developers of information technology (IT) parks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 22, 2016

Last Year Malaysia’s KWAP Invested in Uber Kumpulan Wang Persaraan, also known as KWAP, revealed that in 2015 they had invested in the Series G round of car-hailing app Uber Technologies, committing around US$ 30 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s SWF Gets DC Fever

What better institutional real estate market is there other than D.C., where the U.S. federal government or lobbyists are key tenants? Cash-rich sovereign wealth funds often partner with large insurance companies or real estate firms to target core real estate in the United States. Norges Bank Real Estate Management, the real estate arm of Norges […]


This Pension is on Fire

The Dallas Police & Fire Pension (DPFP) is on fire. The pension is responsible for covering the retirement needs of around 10,000 police and firefighters. The plan is in chaos and is on the verge of collapse. The plan’s board and the City of Dallas are in talks about benefit cuts and/or tax increases to […]


SWFI First Read, September 21, 2016

The Economist: How Norway spends its $882 billion global fund Link: View Story (outside link) NZSF Generates Positive Annual Return Amid Tough Climate The New Zealand Superannuation Fund (NZSF) returned 1.89% for Fiscal Year 2015-2016 (ended June 30, 2016). NZSF was hampered down by negative returns in global equities, an occurrence felt by many asset […]


SWFI First Read, September 20, 2016

Russian Reserve Fund Faces Depletion Russia’s Reserve Fund could be used up by the middle of 2017. The Russian government is burning through its foreign exchange reserves, as oil prices remain low for the country. SWF-Backed Greenko to Buy Some Assets of SunEdison India Hyderabad-based Greenko is buying some 438MW of operating assets from the […]


ADIA Puts Saltire Court on the Market

Saltire Court, an iconic office building in Edinburgh, is up for sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, September 16, 2016

Datuk Johari Abdul Ghani Appointed to Khazanah Nasional’s Board of Directors Khazanah Nasional’s board of directors appointed Datuk Johari Abdul Ghani to its board. Datuk Johari is currently Minister of Finance II of Malaysia. Prior to his current appointment on June 27, 2016, Datuk Johari was the Deputy Minister of Finance. FINTECH: BNY Mellon Hires […]


Alaska Permanent Fund Corporation Seeks to Sell More of American Homes 4 Rent

The Alaska Permanent Fund Corporation (APFC) has been a long-time backer of Agoura Hills-based American Homes 4 Rent, a single-family home rental company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 13, 2016

TPG Capital and CPPIB Invest US$ 500 Million in Viking Cruises TPG Capital and the Canada Pension Plan Investment Board (CPPIB) invested US$ 500 million for a combined stake of 17% in Bermuda-based MISA Investments Limited, the parent company of Viking Cruises. TPG and CPPIB are each investing US$ 250 million in MISA Investments. Credit […]


CalPERS Committed to Long-Term Quest for American Logistics

The California Public Employees’ Retirement System (CalPERS) experienced bumpy roads since 2000 in their quest for investing in U.S. warehouses and other logistic properties. Throughout the years, the pension giant terminated and hired real estate managers to run its allocation in logistics. For example in 2010, CalPERS fired LaSalle Investment Management and hired GI Partners […]


Jenkins Exits for Credit Role, CPPIB Forms Real Assets Group

It’s that time of year. The Canada Pension Plan Investment Board (CPPIB) has reorganized and formed a new unit called real assets which will be composed of real estate, infrastructure and agricultural investments. Graeme Eadie is leading the new unit who was CPPIB’s global head of real estate investments. Private Investments Honcho Leaves for The […]


SWFI First Read, September 11, 2016

Egypt Gets First US$ 1 Billion Tranche from World Bank The Egyptian government has received the first US$ 1 billion tranche of a US$ 3 billion policy finance loan from the World Bank. It is a 3-year loan. Egypt has been plagued with a faltering foreign exchange shortage. The program for the loan is called […]


Follow the Money – Episode 19

In this post-Labor day Follow the Money episode, I talk about awarded mandates and the expansion of the geo-targeting program by the U.S. Treasury. I also chat about wealth funds shifting preferences in direct investments. I cover news on Apple’s new products (iPhone 7) and tax issues in Ireland. I discuss updates in the energy […]


SWFI First Read, September 7, 2016

UPDATE: Petrobras Agreeing to Sell 90% of its Natural Gas Pipeline Unit Petroleo Brasileiro SA, also known as Petrobras, has agreed to sell 90% of its natural gas pipeline unit to a group of investors that is being led by Brookfield Asset Management Inc. for US$ 5.2 billion. Other investors in the group include the […]


AustralianSuper Awards Canada RE Mandate to Bentall Kennedy

Superannuation fund giant AustralianSuper awarded a real estate investment mandate to Bentall Kennedy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 4, 2016

Nissay Asset Management and DBJ Asset Management Company Form Private REITs Nissay Asset Management, a subsidiary of Nippon Life, and DBJ Asset Management Company, a unit of the Development Bank of Japan (DBJ), formed private real estate trusts (REIT) for Japanese institutional investors to access. Nippon Life was seeded with property valued at 30 billion […]


U.S. Treasury Expands Geo Targeting for Residential Property Transactions

Money laundering continues to be a major concern for the U.S. government. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Buys 50 Percent Interest in Canadian Office Portfolio from Oxford Properties

The Canada Pension Plan Investment Board (CPPIB) has acquired a 50% ownership interest in a portfolio of high-quality office properties in downtown Toronto and Calgary at a gross purchase price of C$ 1.175 billion from Oxford Properties Group, the real estate arm of OMERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


SWFI First Read, September 1, 2016

Australian Future Fund Reaches A$ 122.79 Billion in Assets As of June 30, 2016, Australia’s Future Fund reached A$ 122.79 billion in assets. The fund has generated 7.7% annual return over the last 10 years. The wealth fund has a 21.7% allocation to cash. Korea Post Nears Deal on Natixis HQ in Paris [ Content […]