Canadian Pensions Invest in CeramTec Group

On October 11, a consortium of institutional investors including Canada’s Public Sector Pension Investment Board (PSP Investments), Ontario Teachers’ Pension Plan (OTPP), and London-based BC Partners, signed a deal to acquire German technical ceramics manufacturer CeramTec Group from current owner Cinven for a reported €2.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard […]

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qatar

QIA Explores EN+ Investment

CEFC China Energy, Glencore and possibly the Qatar Investment Authority (QIA) are in talks of buying a stake in EN+ Group PLC, a Russian hydropower and aluminum company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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doha sovereign wealth fund

Accounting Change by Qatar Before Bond Sale

Upon 2016 technical advice from the International Monetary Fund (IMF), the Central Bank of Qatar, made an accounting change which had the effect of doubling the country’s hard assets in October. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Rio Tinto Smacked Hard for Inflating Value of Mozambique Coal Assets

Rio Tinto Group has been charged with fraud by the U.S. Securities and Exchange Commission (SEC) and fined US$ 36 million by Britain’s Financial Conduct Authority (FCA) for hiding losses on the Mozambican coal business Riversdale Mining Ltd. Bought by Rio Tinto in 2011 for US$ 3.7 billion dollars under the new name Rio Tinto […]

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Turkey’s Wealth Fund Eyes Loans from China and Qatar

After quelling internal disputes, Turkey’s Wealth Fund is taking a second stab at catalyzing the Turkish economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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AMP Capital Struts ME Push for Infrastructure and Real Estate Business

AMP Capital named Sudhanshu Garg as institutional director of the firm’s newly-opened Dubai office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Picks Up Interest in Japan Renewable Energy

Singapore’s GIC Private Limited embarked on its first venture into Japan’s clean energy market with the announcement that one of its affiliates will invest in GS Renewable Holdings GK, the parent company of Goldman Sachs-backed Japan Renewable Energy Corporation (JRE). GS Renewable Holdings received initial funding from Japanese capital and GS Infrastructure Partners II, a […]

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  • Follow the Money – Episode 39

    Michael Maduell, President of SWFI, interviews Noah R. Wortman, Managing Director, Americas & Global Head of Class Action Services,...
  • PARTNER CONTENT AND RESEARCH


    Research and commentary from leading asset managers, organizations and service providers.

    BNY Mellon
    Collateral: The New Performance Driver

    State Street
    How do Sovereign Investors approach ESG Investing?

    Goal Group
    The U.S. vs The Rest: Litigation Funding’s Local Characteristics

    The Wharton School
    Avoiding the Pitfalls: Invest in Skills for Deal Evaluation

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    Sovereign Wealth Funds: Investing Directly and Creating Value

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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    Saudi PIF Wears the RE Finance Hat Now

    In a series of moves by the Saudi government, a number of state-owned catalyst companies are being formed and pushed under Saudi Arabia’s Public Investment Fund’s purview. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Meituan-Dianping Leaps in Unicorn Rankings with $4 Billion Funding Round

    Meituan-Dianping, a Chinese group buying website and now the world’s fourth most valuable startup, has raised US$ 4 billion in its latest funding round for a post-money valuation of US$ 30 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    China Minsheng Financial Tests Blank Check Company Opportunity

    China Minsheng Financial Holding Corporation Limited is looking to get into the blank check company business. The listed company is seeking to raise US$ 150 million for CM Seven Star Acquisition Corporation, the Hong Kong-based blank check company, in a U.S. initial public offering (IPO).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


    Masdar to Lead Joint-Venture of Serbia’s Largest Wind Farm

    Masdar, the renewable energy arm of Abu Dhabi’s Mubadala Investment Company, has agreed to lead the development of a 158 MW wind farm outside Belgrade in collaboration with the farm’s original developer, Cibuk Wind Holdings. Vetroelektrane Balkana – the project company behind the farm – is wholly owned by Tesla Wind, a 60:40 joint-venture between […]


    ABP Buys Controlling Interest in Telecom Tower Group OTC

    The Rabo Bouwfunds Communication Infrastructure Fund (CIF) has sold a 75% controlling interest in Open Tower Company (OTC), a Netherland’s major independent provider of telecommunication sites, to the Dutch government pension fund Stichting Pensioenfonds ABP through its asset manager subsidiary, APG Asset Management, for an undisclosed amount. [ Content protected for Sovereign Wealth Fund Institute […]


    CDPQ Leads Series D for Lightspeed POS

    E-commerce software provider Lightspeed POS Inc. has closed a series D venture funding round led by a US$ 136 million investment from Caisse de dépôt et placement du Québec (CDPQ). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, October 19, 2017

    Italy F2i Seeks Investors for Fund III Milan-based F2i is an Italian infrastructure fund company that is 14% owned by Italian state lender Cassa Depositi e Prestiti (CDP). F2i is in talks to raise a fund to reach at least 3 billion EUR in assets. This fund is called Fund III and is being advised […]


    Saudi PIF Forms Super Esco

    Saudi Arabia’s Public Investment Fund (PIF) is moving to form another company – this time a new energy services company called Super Esco. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Doha

    Qatar Shifts $20 Billion in Sovereign Wealth to Buffer

    Qatar remains a key exporter in liquefied natural gas (LNG). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Northern Trust Names Michael G. O’Grady CEO

    Northern Trust gave its President Michael G. O’Grady an additional duty. O’Grady will also be CEO of Northern Trust Corporation, effective January 1, 2018. He is replacing Frederick “Rick” H. Waddell, who will be resigning from the role. Waddell will remain Chairman of Northern Trust. Waddell joined Northern Trust in 1975 in its commercial lending […]


    Follow the Money – Episode 39

    Michael Maduell, President of SWFI, interviews Noah R. Wortman, Managing Director, Americas & Global Head of Class Action Services, Goal Group of Companies. Michael and Noah discuss trends in the class action space with regard to institutional investors such as sovereign wealth funds, pensions, endowments and other share owners. Download the Episode CONTENTS 1:40 Why […]


    Macau’s Forex Reserves Fall after Disappointing Golden Week

    Following a poor turnout at casinos over China’s Golden Week, the Monetary Authority of Macau quickly reevaluated preliminary estimates of Macau’s foreign exchange reserves for the month of September 2017 to 157.9 billion MOP (US$ 19.63 billion), down 1.0% from the previous month. The pataca experienced a similar decline in its trade-weighted effective exchange rate […]


    GIC Among Cornerstone Investors in $680 Million Vincom IPO

    Vincom Retail JSC, a subsidiary of Vingroup JSC and Vietnam’s largest mall operator, attracted orders from Singapore’s GIC Private Limited and eight other cornerstone investors in an initial public offering that could raise a record-breaking US$ 680 million on the Ho Chi Minh City Stock Exchange, according a prospectus on the deal. According to transaction […]


    APG Lands 25% Stake in Lendlease Retirement Living Business

    Dutch public institutional investor APG Asset Management N.V. has managed to outbid Singapore’s GIC Private Limited and China Investment Corporation to secure a 25% ownership in Lendlease’s A$ 1.7 billion (US$ 1.33 billion) portfolio of Australian retirement villages for a reported amount of A$ 470 million (US$ 368.7 million).[ Content protected for Sovereign Wealth Fund […]


    australia infrastructure

    Under Pressure to Raise Capital, ANZ Sells Pension Business to IOOF

    IOOF Holdings Ltd (IOOF) agreed to acquire Australia and New Zealand Banking Group Ltd’s (ANZ) OnePath pensions and investment unit and four aligned dealer groups – collectively known as ANZ Wealth Management – for A$ 975 million (US$ 766 million) in a deal expected to close within the next 12 months. The transaction will substantially […]


    Mubadala Renews Commitment to Silicon Valley and Startups

    Abu Dhabi-based Mubadala Investment Company is moving to join the ranks of sovereign wealth funds who have offices in Silicon Valley and the rest of the San Francisco Bay Area. Khazanah Nasional, GIC, Temasek Holdings and the Qatar Investment Authority have all committed to running offices in Northern California. [ Content protected for Sovereign Wealth […]


    private equity

    Temasek Participates in Series D in Augmented Reality Startup Magic Leap

    Singapore’s Temasek Holdings participated in a Series D venture funding round in the mysterious startup Magic Leap, Inc., which is working on mixed reality technologies. The funding round apparently was US$ 502 million, giving a post-money valuation of roughly US$ 5 billion. Other investors in the round include EDBI of Singapore, Janus Henderson Investors and […]


    Temasek Adds More Duties for Senior Executives

    Singapore’s Temasek Holdings added more duties for a number of its senior executives. Lee Theng Kiat, CEO of Temasek International, will also take on duties as Deputy Chairman of Temasek International. Ho Ching remains Chairman of Temasek International and CEO of Temasek Holdings. Ho Ching was ranked #9 in SWFI’s Public Investor 100 back in […]


    mexico

    Mexico Government Hedges Oil at $46 for 2018

    The Mexican Ministry of Finance completed its annual oil hedge, also known as the Hacienda hedge, for 2018 securing the average export price of US$ 46 per barrel of crude oil. The Mexican government conducts these operations by purchasing puts from a select group of Wall Street banks. [ Content protected for Sovereign Wealth Fund […]


    BNY Mellon Manhattan

    BNY Mellon Wins Global Custodial Mandate from Singapore NTUC Income

    Bank of New York Mellon (BNY Mellon) won a global custodial mandate from NTUC Income Insurance Co-operative Limited, a Singapore-based insurer that was formed in 1970. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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