Archive | April, 2017

Apollo Global Management Gets Big Boost for Real Asset Team

In the competitive world of real asset fund raising and investing, Apollo Global Management was able to recruit Joseph Kenneth Azelby to be its new head of real assets. Azelby will oversee some US$ 12 billion in real assets, helping grow Apollo’s investments in real estate debt, infrastructure, equity real estate and other areas of […]


SWFI First Read, April 30, 2017

LIA Turns its Legal Sights on Société Générale via Derivative Trades The Libyan Investment Authority (LIA) is going after its next target, Société Générale S.A. This is in relation to derivative trades made back in 2007 and 2009, a similar pursuit made by LIA to Goldman Sachs. The case is being taken up in London’s […]


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 […]


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. ]


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 […]


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 […]


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. ]


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 […]


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. ]


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. ]