Archive | October, 2016

BOE Governor Carney to Exit in June 2019

Bank of England Governor Mark Carney will serve one more year than the five he committed to. Carney will stay on till the end of June 2019. U.K. Prime Minister Theresa May commented that Carney’s choice to stay on an extra year would help the “continuity and stability as we negotiate our exit from the […]


Oman’s SGRF Invests in Mecanizados Escribano

Oman’s State General Reserve Fund is getting a 32.2% ownership stake in Madrid-based Mecanizados Escribano S.L., a family-owned Spanish company manufacturing precision mechanical components for the aerospace, aeronautical, defense and other industries. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth fund pumpkin

SWFI First Read, October 31, 2016

Happy Halloween! KIC and other Korean Institutional Investors Chat About Overseas Alternative Opportunities The Korea Investment Corporation (KIC) was part of a meeting with other Korean public institutional investors, including Korea Post, to discuss oversees private market opportunities. Ares Management and Cerberus Capital Management were part of the discussion. CalSTRS Eyes Selling Large Real Estate […]


A Hyperloop in Dubai?

Dubai looks to be an early adopter of hyperloop technology when it comes to cargo transportation. Could Saudi Arabia’s Public Investment Fund venture with SoftBank Group also take a look at hyperloop? Gulf countries are increasing their capital allocation toward both technology and infrastructure. DP World is the #3 biggest ports operator on the planet […]


Botswana Pula Fund Could See Inflows in 2017

Botswana is home to Jwaneng, also known as “The Prince of Mines,” is located in south-central Botswana. Jwaneng is 400 meters deep and is the largest diamond mine on the planet. The country is looking to harvest more sovereign wealth from diamonds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


SWFI First Read, October 30, 2016

Social Video Software Company Wochit Raises Money Increasingly, digital publishers are relying more on video production; however, videos can take more time to produce compared to written content. Startup company Wochit, which is based in New York City, is a video software company. Wochit raised US$ 13 billion in its latest funding round from a […]


AP3 Backs Bone Health

Bonesupport AB, a Swedish medical technology company that develops treatments for bone fractures and disease, has raised US$ 37 million (327 million SEK) in equity and debt funding. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


bcIMC and ATL Partners Invest in Pilot Freight Services

Large Canadian pensions are searching for deals in the logistics space. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PGGM to Partner with American Tower Corporation on Europe

PGGM is highly interested in getting investment exposure into continental Europe’s infrastructure economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, October 28, 2016

Investor Group Gets Closer to National Grid Gas Distribution Business Hermes Investment Management, China Investment Corporation (CIC), Allianz, Dalmore Capital, Amber Infrastructure and Macquarie are part of an investment consortium in a bid to acquire a majority stake in National Grid’s gas distribution division. Hermes Investment Management was originally in a bidding group with Gulf […]


ATP Hires CEO of Nordea Asset Management

Danish institutional investor giant ATP named Christian Hyldahl as chief executive, effective January 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Chinese Fund Managers to Get First Crack at Expanded NSSF Mandates

China’s National Council for Social Security Fund (NSSF) could be overseeing more retirement assets by the start of 2017. This would be a significant boost for the Asian asset management industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Genomics Medicine Ireland Attracts ISIF Capital

Dublin-based life sciences startup Genomics Medicine Ireland raised US$ 40 million in a Series A round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Strategic Sovereign Wealth Invests in French Glass Tableware Maker

The Russian Direct Investment Fund (RDIF) and CDC International Capital, a subsidiary of Caisse des Dépôts, and Bahrain’s Mumtalakat Holdings led a group of investors to invest in Arc, an Arques-based manufacturer of tableware. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Invests in Indian Logistics Service Provider

On October 19, 2016, Caisse de dépôt et placement du Québec (CDPQ) announced they purchased a sizable ownership stake in TVS Logistics Services Limited, an India-based multinational third-party logistics service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth fund center asia

UniSuper Considers Asian EM Debt Investments

Superannuation giant UniSuper is joining other asset owners in their complex quest for yielding fixed income assets. Many superannuation funds are worried about negative-yielding sovereign debt and quantitative easing policies in Japan, U.S. and Europe. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PIVOT: Abu Dhabi Investment Authority Open Hong Kong Office

In a pivot toward the Asia-Pacific region, the Abu Dhabi Investment Authority (ADIA) announced the opening of an office in Hong Kong. This is the sovereign wealth fund’s first on-the-ground presence in Asia. All the while, ADIA had shut down its London office earlier. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


SWFI First Read, October 27, 2016

BOOM: ATP Generates 5.8% Quarterly Return on its Return-Seeking Portfolio Denmark’s ATP Group generated a 5.8% quarterly return on its return-seeking portfolio the period ended September 30, 2016. ATP’s assets grew to 805.7 billion DKK (US$ 121.3 billion) for the same period. ATP has a massive hedging portfolio and a return-seeking portfolio. A major contributor […]


Public Funds Commit to Third Raffles City China Fund

On October 25th, CapitaLand Limited announced the creation of its third integrated development private investment vehicle in China called Raffles City China Investment Partners III (RCCIP III). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China’s NSSF to Back Fund-of-Funds Vehicle

China’s National Council for Social Security Fund (NSSF) maintains a path of expanding assets into private market investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]