SAFE Investment Company

LOST LOVE: China’s SAFE Investment Company Had Dumped BP Stock

Sovereign wealth funds are also known to invest directly in a number of prominently listed companies in the United Kingdom. For example, the Kuwait Investment Office (KIO), was publicly-recognized for its backing of BP Plc, a global integrated oil and gas major. BP was no longer a safe bet for China’s SAFE Investment Company, a […]


5 Signs Showing Sovereign Funds Gearing for Spending in 2017

1. Sovereign Investors are Falling Short on Infrastructure Targets There is a compelling reason why many sovereign fund executives attend conferences, chat with bankers constantly and spend internal resources on networking. Finding quality infrastructure investments is a tough endeavor. Long-term wealth funds have revamped their allocations over the past few years to target more real […]


EXCLUSIVE: A Conversation with State Super CEO John Livanas

Australian super funds are encountering a number of headwinds, including operating in a low-yield world, all while trying to meet their ever-shifting and, at times daunting, liabilities. Passive equity investing, though low in cost, has proven to be too volatile for many of these super funds to embrace. So the question remains, how can they […]


Friday SWFI News Roundup, April 15, 2016

Beroutsos to Step Down at CDPQ The Caisse De Dépôt Et Placement Du Québec (CDPQ) mentioned that Andreas Beroutsos, executive vice president, private equity and infrastructure, has decided to step down. He will remain to represent CDPQ on a number of boards. Saudi Binladin Group Taps Morgan Stanley Executive [ Content protected for Sovereign Wealth […]


Opportunistic Institutional Investors Place More Bids on Energy Assets

Institutional investors are allocating capital opportunistically in the energy sector. For example, the New Mexico State Investment Council (NMSIC) invested in Carlyle Power Partners II, a private equity fund managed by The Carlyle Group that targets power generation assets. Carlyle Power Partners II raised US$ 1.5 billion from investors. Pensions and sovereign funds are eyeing […]


SAFE Unit Played Stabilization Role in Chinese Equities

China’s State Administration of Foreign Exchange (SAFE) had provided a level of market support when it used vehicles to invest in mainland China’s A-share market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 22, 2015

Agropur Cooperative Gets Another C$ 300 Million An investor group led by Caisse de dépôt et placement du Québec (CDPQ) kicked in an additional C$ 300 million in Agropur Cooperative, a Canadian dairy cooperative. The investment was in the form of preferred units. This total capital allocation builds on the C$ 470 million announced in […]


$10 BILLION: China and UAE Form Joint Investment Fund

The United Arab Emirates seeks to play a key role with regard to China’s One Belt, One Road initiative which was launched in 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, November 10, 2015

Kuwait Investment Authority to Commit US$ 500 Million to Russian Projects The Kuwait Investment Authority (KIA) has committed an additional US$ 500 million to investment projects in Russia in partnership with the Russian Direct Investment Fund (RDIF). The deal was inked in Sochi in front of Russian President Vladimir Putin and Kuwait Emir Sheikh Sabah […]


Poste Italiane IPO Attracts Sovereign Wealth

The Italian government raised €3.4 billion (US$ 3.8 billion) in its initial public offering (IPO) for Poste Italiane SpA, a postal company that has business lines in finance and insurance. This is Italy’s largest IPO since 1990 and largest state sell-off since 2005. The symbolic move could suggest that Italian Prime Minister Matteo Renzi is […]


British Airways Qatar

SAFE Targets European Airports

Gingko Tree is a sovereign wealth enterprise (SWE) of China’s SAFE Investment Company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, September 25, 2015

Xie Ping Leaves CIC Xie Ping is stepping down from the China Investment Corporation (CIC) as executive vice president. The CIC board issued the decision and thanked Xie for his contributions to the sovereign wealth fund over the past eight years. CIC Convened 7th International Advisory Council Meeting On September 23, the China Investment Corporation […]


Central Huijin Buys Shares, Aims for Stabilization

In recent days, Central Huijin Investment, a sovereign wealth enterprise of the China Investment Corporation (CIC), increased ownership in a number of Chinese companies. Some Central Huijin Purchases Date Company A Shares Bought in Millions Ownership August 18, 2015 Agricultural Bank of China 1,255 44.64% August 18, 2015 New China Life Insurance 28.249 32.24% August […]


SAFE Investment Company Expanded Equity Allocation to Italy

SAFE Investment Company operates as an investment arm of China’s State Administration of Foreign Exchange (SAFE). SAFE is controlled by the People’s Bank of China. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


roads

4 Up and Coming Institutional Investor Deals in the UK

Sydney-based AMP Capital which already owns 25% of Angel Trains, a U.K. rolling stock lessor company, is nearing a deal to buy control of the company with other investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth and Institutional Money Invest in Munich Offices

Gingko Tree Investment Ltd., a unit of China’s SAFE Investment Company and Pramerica Real Estate Investors, a unit of Prudential Financial Inc., have acquired more than 50% of funds that own the Siemens Campus in Munich-Neuperlach. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PGGM, Gingko and Others Acquire Madrileña Red de Gas

Morgan Stanley Infrastructure, a unit of Morgan Stanley, and other shareholders are selling a 100% interest in Madrileña Red de Gas (MRG) to a group led by EDF Invest, Gingko Tree Investment Ltd, and Dutch pension fund manager PGGM. The deal is valued at around US$ 1.34 billion. [ Content protected for Sovereign Wealth Fund […]


Shell London

Norway’s SWF to Vote on Climate Change Disclosure for BP and Shell

Norges Bank Investment Management (NBIM), manager of Norway’s sovereign wealth fund, intends to vote in favor of special shareholder resolutions at the general meetings of energy titans BP and Royal Dutch Shell. These resolutions call for listed companies to detail risk and opportunities associated with climate change and have it incorporated into their annual reports. […]


Royal Dutch Shell to Acquire BG for £47 Billion

Oil giant Royal Dutch Shell Plc has agreed to acquire Reading-based BG Group Plc for approximately £47 billion (US$ 70 billion) in cash and shares. BG buys, ships, markets and sells liquefied natural gas (LNG). According to the press release, BG shareholders will receive 383 pence a share in cash, plus 0.4454 B shares in […]


China’s SAFE, ADIA, CPPIB and Others Bid for Madrilena Red de Gas

Sovereign wealth funds, pension funds and other institutional investors are circling around a Spanish energy infrastructure asset. Madrileña Red de Gas, a Spanish natural gas distributor which is majority-owned by Morgan Stanley’s infrastructure unit, has three bidding groups left in the running. Some of these institutional investors include Abu Dhabi Investment Authority, CPPIB and SAFE […]