Singapore

GIC Partners with Beacon Capital on Prime DC Real Estate

Large asset owners such as sovereign funds continue to provide U.S. real estate managers the ability to diversify their portfolios. In a massive institutional real estate deal, Singapore’s GIC Private Limited formed a joint venture with a number of investors to buy into a Washington D.C. office portfolio. With law firms and lobbyists pulling back […]


Wealth Fund Capital Backs Helicopters and Airports in Russia

An investor group comprised of the Russian Direct Investment Fund (RDIF), Russia’s Basic Element and Singapore’s Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Welcome to San Francisco, Temasek Holdings

Temasek goes bi-coastal, as the wealth investor is poised to increased investment in U.S. companies. Singapore’s Temasek Holdings has opened their second U.S. office in San Francisco. The first U.S. office was opened in New York City in June 2014. Temasek is joining it sovereign wealth peers, Malaysia’s Khazanah Nasional and GIC, in having a […]


Is Singapore’s GIC Slowly Backing Away from Sinotrans?

Beijing-based Sinotrans Limited is one of the largest logistics firms in China, founded in 2002. The majority shareholder of Sinotrans Limited, which is listed on the Hong Kong Stock Exchange, is Sinotrans & CSC Holdings Co., Ltd (controlling 53.44% as of December 31, 2015). Sinotrans & CSC Holdings Co., Ltd., China’s second biggest shipping company […]


GIC Takes VietJet for a Ride

VietJet Aviation Joint Stock Company (VietJet), a Vietnamese budget air carrier, breathed life into plans to go public. VietJet was granted initial approval to operate in November 2007 by Vietnam’s Minister of Finance and was founded by Nguyen Thi Phuong Thao, a Vietnamese businesswoman. In the 1980s, Nguyen Thi Phuong Thao was a student in […]


Moelis Wins Advisory Role in Legendary Saudi Aramco IPO

Moelis & Co., a boutique investment bank, outmaneuvered its rivals to land the sole independent adviser role for the planned initial public offering (IPO) of Saudi Aramco, the state-owned oil colossus of Saudi Arabia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Hyundai Card

General Electric (GE) agreed to sell a 43% ownership stake in South Korean credit card firm Hyundai Card Co Ltd to an investor group. The investor group consists of Singapore’s GIC Private Limited, AlpInvest Partners B.V., Affinity Equity Partners and Hyundai Commercial Inc., an affiliate of Hyundai Motor Company. [ Content protected for Sovereign Wealth […]


5 Things Sovereign Wealth Funds Aren’t Telling You

With the Dow Jones Industrial Average (DJIA) breaking 20,000, sovereign investors are not holding back. Yes, We Still Use Active Managers and Hedge Funds Yes, a good amount of active management mandates were redeemed by sovereign funds in 2015 and 2016. Despite the monotonous, negative financial press on hedge funds and swift condemnation of active […]


SWFI First Read, January 30, 2017

Kung hei fat choi! (January 28, 2017) The Year of the Rooster has arrived. Kimberley Stafford to Lead PIMCO’s APAC Business Newport Beach-based Pacific Investment Management Company (PIMCO) named Kimberley Stafford as the new head of Asia-Pacific. She plans to relocate to Hong Kong by the middle of 2017. Stafford was Managing Director and Global […]


Temasek’s High-Stakes Bet on Google’s Verily Life Sciences

Asian sovereign wealth funds march forward on their quest for innovative healthcare companies. Singapore’s Temasek Holdings invested US$ 800 million in Verily Life Sciences LLC, a spin-off of Alphabet (formerly known as Google) for a minority ownership stake. Verily Life Sciences, formerly known as Google Life Sciences, is a health and life sciences subsidiary of […]


TEQUILA!

Mexico-based Jose Cuervo, the world’s largest tequila maker, seeks to raise US$ 706.5 million in its initial public offering (IPO). The tequila manufacturer was hesitant in having its IPO over the fluctuations in the Mexican peso. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Alibaba’s Koubei Finalizes Latest Round

Alibaba Group Holding Ltd. had brought together a group of investors for a US$ 1.1 billion round in its on-demand services unit called Koubei. Koubei operates in the cutthroat world of food delivery. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Could a Giant Asian SWF Acquire 60 Wall Street?

UPDATED: January 24, 2017. GIC Private Limited agreed to acquire a 95% stake in 60 Wall Street from Paramount Group. Paramount Group will manage the property and retain a 5% stake. This deal values the property at US$ 1.04 billion. Will Deutsche Bank have a new landlord for its North American headquarters? According to data […]


South Korea’s NPS to Increase Activity at Overseas Offices

South Korea’s National Pension Service (KNPS) is permitting its foreign offices to conduct more activity than before. KNPS has overseas offices in London, Singapore and New York. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 18, 2017

GIC Participates in Investment in Pool Supply Company Leslie’s Holdings [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 16, 2017

ACCESS: GF International and Euroclear Sperahead China ETF In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is […]


INSIDE: Unraveling the Rosneft Deal with Glencore and QIA

Commodities firm Glencore plc and the Qatar Investment Authority (QIA) together ended up acquiring a 19.5% stake in Rosneft PJSC through a varied transaction of debt and equity. A large portion of the deal came through debt financing. For example, under the deal terms, Glencore is committing €300 million in equity, while the QIA is […]


SWFI First Read, January 12, 2017

Temasek Invests in Latest Equity Round in Funding Circle London-based Funding Circle, which recently landed an additional lending mandate with the British Business Bank, has raised £82 million in equity capital. Leading this latest equity round is Accel. Other existing investors also contributed capital including Baillie Gifford and Temasek Holdings. Aabar Looks to Maintain its […]


Why Global Logistic Properties May Be Taken Private

With more supply chain efficiencies, fast-growth in e-commerce throughout Asia, the availability of long-term patient capital (sovereign funds and pensions), and significant consolidation by third-party logistics companies, the market for modern logistics is sure to be more concentrated. A merger between GLP and e-Shang Redwood Group would create an Asian warehouse behemoth rivaling competitors such […]