Archive | August, 2010

KIC invests: Laricina Energy Closes Two Equity Financings for Total Gross Proceeds of $76.2 Million

According to the press release, “Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that it has completed today a private placement to a wholly-owned subsidiary of Korea Investment Corporation (KIC) of 1,666,000 common shares at Cdn. $30.00 per common share for gross proceeds of approximately Cdn. $50 million. On July 28, 2010, […]


Launching Beta Version of Gfinancenews

The Sovereign Wealth Fund Institute, Inc. is launching a free news service that covers many aspects of finance, investments, and capital markets called GFinanceNews™.  GFinanceNews™ is a breathtaking source on investment, finance, and security news.  We cover investment banking, fund management, real estate, private equity, hedge funds, corporate, and pension news and events. Visit Gfinancenews.com


Qatar’s Hassad Food to buy sugar project in Brazil-QNA

According to Reuters, “Hassad Food, owned by Qatar’s sovereign wealth fund, plans to acquire a sugar project in Brazil, the state-run Qatar News agency said, citing the firm’s chairman. Qatar, like other Gulf states, imports the majority of its food requirements, and securing future food supplies is seen as a priority by the government. The […]


Temasek Holdings Most Likely to Speed Up Natural Resource Acquisitions

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Central Huijin Raising First Round Bond Capital Mostly Through State-owned Banks

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Private Market Allocation to Grow Under KIC

Korea’s US$ 35 billion sovereign wealth fund, the Korea Investment Corporation (KIC) is hoping in the next five years to double their proportion of assets in private market investments.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


No SWF for India now

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Temasek Holdings announces changes in Senior Appointments

According to the press release, “Temasek Holdings (Private) Limited (“Temasek”) is pleased to confirm the following changes in its leadership team.  Mr Hsieh Fu Hua has joined Temasek as Executive Director and President with effect from 1 August 2010, and Mr Dilhan Pillay Sandrasegara will join Temasek as Head, Portfolio Management with effect from 1 […]


Potash Corp looks at options, can Chinese SWFs save them?

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Abu Dhabi Investment Authority to Bid on High Speed 1

The UK government is keen on selling High Speed 1 which links London and the Channel Tunnel. The UK is looking to cut down on its current budget deficit. The 30-year concession runs 110 km (70 miles).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GM considering SWFs to participate in IPO

General Motors needs to drive up excitement on its upcoming IPO. They are seeking cornerstone investors to shore up demand for the deal which is a common practice.  SWFs are financing sources for many corporations whether it’s a follow-on, PIPE or IPO.  The last IPO that a significant number of large SWFs participated in was […]


Nigeria Excess Crude Account drops to just $460 million

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Emergent BioSolutions and Temasek Life Sciences Ventures Establish JV to Develop Pandemic Flu Vaccine & Therapeutic

According to a press release, “Temasek Life Science Ventures Pte Ltd (TLV) and Emergent BioSolutions Inc. today announced their agreement to form EPIC BIO Pte Ltd, a joint venture to develop, manufacture, and commercialize a multivalent, cross-protective human vaccine to protect against influenza caused by a broad range of circulating H5 influenza strains. The broad […]


If AIG can’t sell it, IPO it

Now that AIG failed to sell American International Assurance (AIA) to UK’s Prudential, it is now planning a possible IPO for the Asian insurance unit. Granted sovereign wealth funds have said they are cautious of investing in financial institutions, this seems like a plausible deal. Insurance is a different business, where premiums correlate to stable […]


Central Huijin Plans Bond Sales

According to the Wall Street Journal, “Central Huijin Investment Ltd., the domestic-investment arm of China’s sovereign-wealth fund, will sell its first batch of bonds as soon as this month and aims to issue up to 187.5 billion yuan ($27.7 billion) of bonds by 2011 to help maintain its stakes in large state-controlled banks, a person […]


Mumtalakat plans to sell stake in Family Leisure

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The US$ 11 Billion Deal that Made Chicago Taxpayers Cry

Chicago automobile drivers must pay a Morgan Stanley-led partnership, at least US$ 11.6 billion to park at city meters. This deal goes over the next 75 years. It is 10 times what Chicago Mayor Richard Daley received when the city leased the parking system to investors in 2008.[ Content protected for Sovereign Wealth Fund Institute […]


FSI and Apollo Mgmt LP offer to buy Alcan EP from Rio Tinto

According to the Rio Tinto press release, “Rio Tinto has received a binding offer from funds affiliated with Apollo Global Management, L.P. (Apollo) and the Fonds Stratégique d’Investissement (FSI) to buy a 61 per cent stake in Alcan Engineered Products (AEP), excluding the Cable Division. The transaction follows the successful divestment last year of the […]


CIC dumps shares of Morgan Stanley, looks to Harvard’s Real Estate Portfolio

It was a deal of the decade, when the CIC piled cash into the ailing investment bank Morgan Stanley. Now the CIC is slowly selling shares as its investment’s stock price rebounded from the trenches, especially after the failed Morgan Stanley deal with Mitsubishi UFJ. The China Investment Corporation is always looking for the next […]


Deutsche Bank appointed as Fiscal Agent for US$3.5bn Eurobond issue in Qatar

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