City of San Jose Pension Funds Struggle

The City of San Jose in California oversees two major pension funds, the San Jose Police & Fire Department Retirement Plan and the San Jose Federated City Employees’ Retirement System. For two continuous years, both plans have produced negative portfolio returns. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

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Ontario Pension Board and Sumeru Equity Partners Invest in Snow Software

The Ontario Pension Board (OPB) and Foster City, California-based Sumeru Equity Partners have invested US$ 120 million in Stockholm-based Snow Software, a software asset management and cloud spend management provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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HOOPP Gives Lifeline to Canadian Mortgage Lender

The opportunistic institutional investor Healthcare of Ontario Pension Plan (HOOPP) is taking a calculated bet to provide a structured credit facility to embattled lender Home Trust, a subsidiary of Home Capital Group Inc. Home Trust is a Canadian federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer […]

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Samruk Kazyna and KazMunayGaz to Earn FCF This Year from Kashagan Oil Field

JSC National Company KazMunayGas, a state-owned energy company, and Samruk Kazyna plan to earn roughly US$ 180 million in free cash flow for the fiscal year from the Kashagan oil field, according to KazMunayGaz chief financial officer Dauren Karabayev in comments obtained by mainstream press. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]

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doha sovereign wealth fund

Qatar Sovereign Wealth Expands Exposure to Santa Monica Core Office Scene

The Qatar Investment Authority (QIA) has a strategic relationship with Douglas Emmett, Inc., a real estate investment trust (REIT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, April 28, 2017

Australia’s Future Fund Rides the Bullish Wave into March 2017 As of March 31, 2017, the Future Fund reached A$ 129.6 billion in assets. David Neal, Managing Director of the Future Fund, said in a press release, “The Future Fund’s overall risk level remains unchanged and towards the lower end of our normal expectations. This […]

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Mapletree Investments Acquires Corporate Housing Property in Downtown LA

Singapore-based Mapletree Investments acquired a 201-unit corporate housing complex at 1001 South Olive Street in an all-cash transaction for US$ 110 million. The property is located in downtown Los Angeles. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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  • City of San Jose Pension Funds Struggle

    The City of San Jose in California oversees two major pension funds, the San Jose Police & Fire Department...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    ADIA and GIC Invest in Pharmaceutical Product Development

    Pharmaceutical Product Development, LLC (PPD) has been recapitalized by permitting the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC Private Limited acquire minority ownership interests. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, April 26, 2017

    HNA Group Takes Sizable Stake in Dufry Hainan-based conglomerate HNA Group inked a deal to acquire a 16.79% ownership stake in Dufry AG, a Swiss duty-free retail operator, for around 1.44 billion CHF. HNA acquired the Dufry stakes from both GIC Private Limited and Temasek Holdings, according to an exchange filing. National Bank of Abu […]


    Sovereign Wealth Fund Institute and Samruk-Kazyna Co-Author Kazakhstan Opportunity Paper

    The Sovereign Wealth Fund Institute (SWFI) and Samruk-Kazyna co-authored a special report on opportunities in Kazakhstan. In addition, included in the report, is an interview between, Michael Maduell, President of SWFI, and Umirzak Shukeyev, President of Samruk-Kazyna. Institutional investors are tactically re-examining opportunities in Central Asia, as government money is steadily leaving the sidelines to […]


    CPPIB and Baring Private Equity Asia Strike Deal to Acquire Nord Anglia Education

    Nord Anglia Education, Inc. operates 43 private schools in fifteen countries. Funds affiliated with Baring Private Equity Asia (BPEA) and the Canada Pension Plan Investment Board (CPPIB) are in a group called Bach Finance Limited (c/o Vistra Alternative Investments Services Pte. Ltd.) Bach Finance inked a deal to buy Nord Anglia for a purchase price of US$ 4.3 billion, including repayment […]


    SWFI First Read, April 25, 2017

    Ex-BlackRock Joseph Linhares to Head EMEA at Russell Investments Joseph Linhares was named Head of Europe, Middle East and Africa (EMEA) at Russell Investments. He will report to Len Brennan, CEO of Russell Investments. Previously, Linhares was Global Head of Platinum Accounts at BlackRock Inc. Linhares was an early employee of iShares, which was owned […]


    Maduell on CNBC: Wealth Fund Direct Investments in China Have Slowed

    This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “As wealth funds realign their Asia portfolios, direct investments in China have slowed, notes Michael Maduell of Sovereign Wealth Fund Institute.” Date: April 24, 2017 (Singapore Time)


    Dubai Aerospace Enterprise to Acquire AWAS from Terra Firma and CPPIB

    U.K. private equity firm Terra Firma Capital Partners, alongside co-investors and the Canada Pension Plan Investment Board (CPPIB), announced an agreement to sell AWAS Aviation Capital Ltd. (AWAS), a Dublin-based aircraft lessor, to Dubai Aerospace Enterprise Ltd. Terra Firma and CPPIB have been long-term investors in AWAS, first investing in 2006.[ Content protected for Sovereign […]


    BlackRock NY

    BlackRock Rehired for Texas Permanent School Fund’s Massive Passive Mandate

    BlackRock does quite a bit of business with the Texas Permanent School Fund (TPSF). The Austin-based institutional investor had a separate account mandate with BlackRock to oversee a passive international developed markets and emerging markets equity strategy that started back in 2004. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


    NYC Comptroller to Seek Majority Board Reset at Wells Fargo

    New York City Comptroller Scott M. Stringer, who oversees a number of New York pension funds, plans to oppose the reelection of 10 out of the 15 board directors regarding Wells Fargo. The move would seek to oust Wells Fargo’s non-executive chairman Stephen W. Sanger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


    ATP Involved in Mega Hotel Project in Benelux

    Danish institutional investor ATP and AXA Investment Managers formed a 50:50 joint venture to acquire a massive hotel project in Amsterdam, located in the main business district of Zuidas. The project aims to be the largest hotel, measured by the number of rooms, in the Benelux region. [ Content protected for Sovereign Wealth Fund Institute […]


    Neptune Oil & Gas Plots with CIC on Engie Deal

    French utility Engie, formerly known as GDF Suez, is in the midst of potentially large transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Permodalan Nasional Backs Merger Between SP Setia And I&P Group

    Malaysian investment giant Permodalan Nasional Berhad (PNB) is moving forward on plans to merge both of its property investments, SP Setia Berhad and I&P Group Sdn Berhad, a township developer. At the moment, SP Setia and I&P Group have 5,218 acres and 4,263 acres of undeveloped land respectively in the Klang Valley, Johor Baru, Penang […]


    SWFI First Read, April 23, 2017

    Schroders to Buy Adveq In a bid to diversify into the lucrative world of alternative investments, Schroders PLC, a FTSE 100 investment management company, made its move to buy Adveq Holding AG (Adveq), a specialist private equity business. Adveq was founded in Zurich in 1997. Bruno E. Raschle, Executive Chairman of the Board of Directors […]


    NZ Super Fund Stumbles in Wind Turbine Investment Ogin, Writes Off

    The New Zealand Superannuation Fund (NZ Super), which made a pivot toward green energy investments in the past few years, has experienced a loss. NZ Super’s investment in Ogin, a U.S. wind turbine company, is being completely written off as Ogin is being wound down. Ogin, formerly known as FloDesign, had sold its wind turbine […]


    SF Retirement System Drops Securities Lending For Now

    The San Francisco City & County Employees’ Retirement System (SFERS) is closing down its securities lending program, after a recommendation from the organization’s board of directors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    REVERSE: Mubadala Capital to Manage Money for Ardian

    Ardian, a European alternative investment management company, is buying the majority position in a US$ 2.5 billion pool of private equity interests owned by Mubadala Capital, a sovereign wealth enterprise (SWE) of Mubadala. Ardian is investing US$ 1.75 billion for that pool. The transaction was completed on March 31, 2017. Mubadala Capital will continue to […]


    Goldman Sachs AM Hit by $35 Billion in 1Q Net Outflows from Liquid Strategies

    According to March-end figures, Goldman Sachs reported US$ 1.373 trillion in assets under management from both Goldman Sachs Asset Management and the firm’s wealth management businesses. Net outflows for the quarter totaled US$ 30 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Virtu Financial to Acquire KCG, Backing from Wealth Fund Capital

    High-speed trading firm Virtu Financial, Inc. signed a definitive agreement to acquire its rival KCG Holdings, Inc. in a cash transaction valued at US$ 20 per KCG share, or a total of approximately US$ 1.4 billion. Both the board of directors of Virtu Financial and KCG agreed to the transaction. Jefferies LLC, the largest shareholder […]


    Macquarie to Acquire Green Investment Bank

    A Macquarie-led consortium, comprising Macquarie Group Limited, Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS), has agreed to acquire the Green Investment Bank plc (GIB) from the U.K. government for £2.3 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Deutsche Bank M&A Executive Tom Cooper Exits

    Since 2008, Deutsche Bank has struggled to get its investment banking division to where it used to be, losing to peers when it comes to generating substantial investment banking fees. Without fees and a shaky capital position, Deutsche Bank bled out high-profile bankers in the past two years. Deutsche Bank’s co-chairman of global mergers and […]


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