Singapore

SWFI – Movers and Shakers – March 28, 2017

Charlie Shaffer Joins Voya Investment Management to be Head of International Distribution Voya Investment Management hired Charlie Shaffer to be managing director and head of Institutional Distribution. He will be based in New York and report to Shaun Matthews, who is the Senior Managing Director, Head of the Client Group at Voya Investment Management. Shaffer […]


Temasek Invests in Manipal Health

With a fertile population and a growing middle class, India’s hospital sector will need more beds over the next decade to accommodate market demand. Hospital companies have attracted the attention of wealth funds, pensions and private equity firms over the past five years in India. Singapore’s Temasek Holdings is poised to acquire an 18% stake […]


Falcon Private Bank Pivots Away from Fallout of 1MDB Scandal

Zurich-based Falcon Private Bank, which was greatly affected by the fallout of the 1MDB scandal, is now getting a capital injection from Aabar Investments, a unit of Abu Dhabi’s International Petroleum Investment Co (IPIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 23, 2017

Amazon to Acquire Souq E-commerce giant Amazon has agreed to acquire Dubai-based Souq.com from its shareholders. Rumors say the sales price was roughly US$ 650 million. This transaction enables Amazon to expand retail e-commerce control in the Middle East. Institutional backers of Souq include Standard Chartered Private Equity, Singapore’s GIC Private Limited, Naspers, Baillie Gifford, […]


SWFI First Read, March 22, 2017

Standard Life Investments Hires Former SSgA Executive for Strategic Relationships Role Standard Life Investments, the investment management unit of Standard Life Plc, hired Larry Carlson to be director of strategic relationships. He will be based in Boston and report to Jack Boyce, the firm’s managing director and head of North America distribution. Previously, Carlson worked […]


GIC Backs Self-Driving Electric Car Manufacturer in China

Tesla Motors and other electric car manufacturers have garnered the attention of sovereign wealth capital. Shanghai-based electric car maker NIO, formerly known as NextEV, raised 600 million RMB (US$ 86 million) in a funding rounding led by Shenzhen-based Tencent Holdings Ltd. and Baidu Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


CPPIB and Ivanhoé Cambridge Partner on SE Asian Logistic Ventures

Some Canadian pension love here as the Canada Pension Plan Investment Board (CPPIB) and Ivanhoé Cambridge, a unit of the Caisse de dépôt et placement du Québec (CDPQ), have agreed to invest alongside each other on two Asian logistic ventures. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


london

Unite Group Sells Woburn Place to GIC-United Joint Venture

Unite Group Plc, which has a 50:50 joint venture with Singapore’s GIC Private Limited called the London Student Accommodation Joint Venture, is a major manager and developer of student accommodation in the United Kingdom. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Once Again GIC Partners with Hellman & Friedman, Investing in Allfunds

Correction, March 8, 2017: This article was amended to avoid confusion on deal specifics regarding the order of transactions. European banks are selling off their asset management jewels to rival companies and private equity firms to shore up cash and feed investor demand. Once again, Singapore’s GIC Private Limited and private equity shop Hellman & […]


SWFI First Read, March 3, 2017

Norway SWF Contemplates Risk Factors Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, is rethinking its asset allocation strategy when it comes to listed equities. NBIM has a new two-year strategy plan that plans to include risk factors into the portfolio. PIF Could Invest in German Financial and Technology Companies Saudi […]


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SWFI First Read, March 1, 2017

NeuStar Transaction to go Under CFIUS Purview On February 3, 2017, the acquirors of NeuStar, Inc. (San Francisco-based Golden Gate Capital and GIC Special Investments Pte. Ltd. – part of GIC ) filed a draft notification form with the Committee on Foreign Investment in the United States (CFIUS). CFIUS approval is necessary for the buyout […]


Brisbane

GIC Takes Contrarian Real Estate Approach in Brisbane and Perth

This mega Asian wealth fund has embarked on a contrarian stance in certain Australian real estate markets. Singapore’s GIC is investing 800 million AUD across two real estate strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Singapore Gets Savvy on Strategic Development

Armed with two mega state funds, Temasek Holdings and GIC, Singapore holds water among giants in the region. When Singapore became independent, the country had no natural resources and faced a number of challenging issues. The late Lee Kuan Yew, Singapore’s first prime minister, ambitiously drove reforms to turn Singapore into a financial and regional […]


GIC Invests in Chinese Electronics Manufacturer by Betting on Intelligent Driving

Shanghai-based Advanced Leading Technology Co Ltd. (ALT) received capital from a Singaporean sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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 […]


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 […]