Archive | December, 2016

SWFI First Read, December 31, 2016

Happy New Years! K Raheja Corporation and GIC Acquire Property in Mumbai Indian property developer K Raheja Corporation and Singapore’s GIC Private Limited, through its unit Reco Solis Pte Ltd, partnered together forming a joint venture called Whispering Heights Real Estate to acquire land from Siemens. Whispering Heights Real Estate acquired the leasehold interested located […]


Friday SWFI News Roundup, December 30, 2016

BIG DEAL: RBI Approves Fairfax Financial’s Bid to Buy Domestic Indian Bank The Reserve Bank of India (RBI) approved Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. ‘s bid to acquire a 51% ownership stake in Thrissur, Kerala-based Catholic Syrian Bank Ltd. This is a milestone deal because this is the first time the RBI […]


3 Patterns Heading into 2017 for Sovereign Funds and Asset Owners

What trends will bleed into 2017 with regard to sovereign wealth funds, pensions and other asset owners? U.S. Equity Markets Look Attractive to Some Mega Asset Owners Was the Trump victory rally just representing a reversion to the mean in U.S. equity markets? Renewed confidence in the U.S. economy and greater certainty has galvanized institutional […]


Follow the Money – Episode 28

This is a short year-end review episode. One of Rachel’s favorite stories in 2016 was the creation of the SoftBank Vision Fund. Michael talked about U.S. infrastructure and the opportunity that lies ahead for sovereign wealth funds, pensions and other institutional investors. Download the Episode CONTENTS 1:40 The Creation of the SoftBank Vision Fund 3:30 […]


CPPIB Sold 45% Stake in 1221 Avenue of the Americas to Chinese SWF

On December 23, 2016, the Canada Pension Plan Investment Board (CPPIB) announced that it has sold its 45% ownership interest in a Manhattan 50-storey office property, 1221 Avenue of the Americas (1221), to an Asian sovereign wealth fund for US$ 1.03 billion, with net proceeds to CPPIB of approximately US$ 950 million before closing adjustments. […]


Kuwait Government to Sell Shares in Az-Zour Project

As the population of Kuwait grows, demand for electricity and water has been increasing. The Az-Zour North Independent Water & Power Project is a significant development occurring about 100 kilometers south of Kuwait City. On November 26, 2016, the power project portion was completed, giving the region a 1,500 MW natural gas-fired combined cycle power […]


South Korean Special Prosecutor Detains NPS Chair

UPDATE: On December 29, 2016, Korea’s National Pension Service (KNPS) Chairman Moon Hyung-pyo reversed a public denial earlier and acknowledged that he had pressured KNPS to approve an US$ 8 billion merger between two Samsung Group affiliates in 2015. “What we can say is former minister Moon initially denied the charge (of pressuring NPS) but […]


SWFI First Read, December 28, 2016

Actis Disposes Remaining Stake in Umeme London-based Actis, through its holding entity Umeme Holdings Limited (UHL), disposed its entire 14.3% minority stake, some 232,214,521 shares, in Uganda-based Umeme Ltd, an electricity distribution and supply company. Actis sold an over-subscribed block of 12% in Umeme to institutional investors including the Uganda National Social Security Fund (NSSF) […]


Asian Sovereign Fund Invests in Intelligent Mapping Company

Strategic corporate and wealth fund investors are keen on intelligent mapping systems, understanding the technology will be used in the onset of self-driving automobiles. The theme of the Internet of Things (IoT) in the urban mobility space continues to attract cash-rich sovereign investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


AGAIN: BOJ on Target to Become Largest Purchaser of Japanese ETFs

According to data by the Bank of Japan (BOJ), the central bank is on track to become the largest purchaser of Japanese exchange-traded funds (ETF) in 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 27, 2016

Statoil Wins Bidding for Offshore Wind Lease in New York Norwegian state-owned oil giant Statoil ASA has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York with a bid of US$ 42,469,725. The auction was conducted by the U.S. Department of the Interior’s Bureau of Ocean […]


OTPP and CPPIB Finalize Investment in IDEAL Subsidiary Promotora Punta Cometa

On December 22, 2016, the Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB) finalized their investment in Promotora Punta Cometa, S.A. de C.V. which is the holder of shares in Autopista Arco Norte, S.A. de C.V. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


doha sovereign wealth fund

QIA May Sell Shares of Rosneft to Originally Interested Parties

The Russian government’s 19.5% stake sale in Rosneft drew the interest of global institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Iran’s Wealth Fund Could Get More Money, Boeing Deal Negotiated

Iran’s Majlis, also known as parliament, has voted to increase the National Development Fund’s share of the country’s crude oil. The increase is going to 30% from the previous 20%. This is part of Iran’s 6th five-year development plan (2016-21). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SWFI First Read, December 24, 2016

The Silverfern Group Invests in Broad River Energy Center Located in South Carolina On December 20, 2016, The Silverfern Group, finalized its acquisition of Broad River Power Holdings, an 878 MW dual-fuel, simple-cycle gas turbine electric power plant strategically located 40 miles from Charlotte, North Carolina, in partnership with Texas-based Arroyo Energy Investment Partners LLC. […]


Foreign Investors Acquire Two Major Frankfurt Properties, including TaunusTurm

A group of institutional investors has acquired a large stake in the iconic TaunusTurm skyscraper in the core of Frankfurt’s banking district from Commerz Real, the fund management unit of Commerzbank AG. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIIB Approves Loans, Port Duqm Project in Oman

Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved two loans totaling US$ 301 million for transport sector projects in Oman. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: Sovereign Funds are Looking to Spend in 2017

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “Asset allocation in infrastructure is expected to increase, says Michael Maduell at the Sovereign Wealth Fund Institute.” Date: December 23, 2016 (Singapore Time)


Alibaba’s Koubei Attracts Big Names in Upcoming Round

Chinese internet behemoth Alibaba Group Holding Ltd. is assembling a group of investors for a US$ 1.2 billion potential round in its on-demand services unit called Koubei. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ATP and APG Fund 3i Group’s Takeover of EISER Infrastructure Assets

APG Asset Management and Denmark’s ATP are financially backing 3i Group’s takeover of assets owned by the EISER Global Infrastructure Fund. The seller is London-based EISER Finance Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]