Archive | June, 2017

Are Hong Kong Conglomerates Replacing SWF Money for London Towers?

Hong Kong’s Lee Kum Kee Group, which generated much of its wealth from manufacturing oyster sauce, is nearing a deal to acquire the famous Walkie Talkie building, at 20 Fenchurch Street, in London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ron Dennis Exits McClaren

Ron Dennis has agreed to sell his remaining ownership positions in McLaren Technology Group Ltd. and McLaren Automotive Ltd for £275 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund and CPPIB Seek to Sellout of Some Australian Properties

Australia’s Future Fund and Canada Pension Plan Investment Board (CPPIB) are looking to recycle some Australian real estate assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Looks to Own a Stake in Mergermarket Group

Singapore’s GIC Private Limited is looking to make a play into the world of subscription-based financial data. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Participates in InterPark Buyout

An investor group led by TIAA Private Investments, an affiliate of Nuveen, and Antarctica Capital finalized talks to buy Chicago-based InterPark, LLC, the largest owner-operator of parking infrastructure in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wright and Dunphy Reappointed to Guardian of NZ Superannuation Board

Lindsay Wright and Philippa (Pip) Dunphy have been reappointed to the Guardians of New Zealand Superannuation Board, which oversees the New Zealand Superannuation Fund. The news was brought forth by New Zealand Finance Minister Steven Joyce. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hansae and Hansae Yes24 Placed Under Watch by Norway’s Sovereign Fund

Norway’s sovereign wealth fund has put its investment interests in Hansae Co Ltd and Hansae Yes24 Holdings Co Ltd under observation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Visma

A group of investors including Singapore’s GIC Private Limited have acquired KKR’s stake in Visma, a Norwegian software company, for £1.4 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


With $50 Billion, Trending Slowdown in 1H Sovereign Fund Direct Investments for 2017

Source: Sovereign Wealth Fund Transaction Database As of June 28, 2017, the Sovereign Wealth Fund Institute (SWFI) can report that first half direct transactions made by sovereign wealth funds for 2017 totaled US$ 50 billion, compared to the first half of 2016 at US$ 54.17 billion and 2015 at US$ 67.3 billion. However, overall, from […]


Korea Development Bank Raises $300 Million in Inaugural Green Bond Issuance

The Korea Development Bank (KDB) issued US$ 300 million in its inaugural issuance of Green Bonds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kuwait National Petroleum Company Gets Working on Clean Fuels Project

As oil prices remain stagnant, Gulf countries are moving to make their operations more efficient and profitable by using the latest available technologies. Kuwait National Petroleum Company (KNPC) had a US$ 6.245 billion export credit agency (ECA) financing for the KNPC Clean Fuels Project closing at the end of May. The project is upgrading and […]


The Hartford Redirects $1.6 Billion in Pension Liabilities to Annuity

Increasingly, large U.S. financial corporations are looking to reduce long-term pension obligations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Funds $1 Billion U.S. Oil and Gas Platform Managed by Encino Energy

Another Canadian institutional investor is taking a bet on U.S. energy, further expanding its exposure to fossil fuel natural resources. The Canada Pension Plan Investment Board (CPPIB) is funding a platform called Encino Acquisition Partners (EAP) that will target U.S. oil and gas acquisition opportunities kicking in US$ 1 billion. [ Content protected for Sovereign […]


GIC Extends Wiggle Room on Green Dragon Gas Convertibles

Singapore’s GIC Private Limited has given Green Dragon Gas Ltd. flexibility on its financing. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Google’s Big EU Fine Reemphasizes Regulatory Risk for Tech Companies

Alphabet Inc., parent company of Google and worldwide tech giant, has a market capitalization of more than US$ 639 billion as of late June. Just about every institutional investor, such as pensions and sovereign funds, exposed to a passive index probably has a high allocation to Alphabet stock. In addition, according to the latest research […]


Maduell on CNBC: Sovereign Wealth Funds on the Lookout for Tech

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “Sovereign wealth funds are investing in tech start-ups to import cutting-edge technology back home, says Michael Maduell, Sovereign Wealth Fund Institute.” Date: June 27, 2017 (HK Time)


In 5-4 Decision, Supreme Court Rejects CalPERS Class Action Argument

A groundbreaking court decision may prompt investors such as endowments, pensions, and sovereign funds, to pay closer attention to future securities class-action cases in order to not miss out on financial recoveries. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Clock Ticks on Possible GLP Buyout Deal

Singapore-based Global Logistics Properties Ltd. (GLP), the US$ 9.6 billion listed warehouse developer, had started a bidding process at the start of 2017 being initiated by its largest shareholder. As of June 2017, Singapore’s GIC Private Limited remains the largest shareholder in GLP with a beneficial interest of 36.93%, commanding 1,730,706,817 company shares. GIC holds […]


Credit Suisse Emerging Market ILC Equity Team to Join River and Mercantile

Credit Suisse Asset Management, the asset management arm of Credit Suisse, announced a cooperation agreement with River and Mercantile Group PLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Bumi Resources Gets Approval on Rights Issue

PT Bumi Resources Tbk. is the biggest thermal coal miner in Indonesia and one that is mired in a massive pile of debt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]