Archive | August, 2017

APG Involved in Oslo Outlet Acquisition

VIA Outlets is acquiring a retail outlet near Oslo for 1.1 billion NOK from family-owned Glastad Holding AS and Fortus. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PSP-Backed Cooke Aquaculture Faces WA Fishing Moratorium

Washington State Governor Jay Inslee has called for a moratorium on new permits for net pen farming in Washington State after up to 250,000 Atlantic salmon, a non-native fish to the region, escaped from a fish farm managed by Cooke Aquaculture Pacific, LLC, a subsidiary of Cooke Aquaculture. PSP Investments in a financial backer of […]


How Hurricane Harvey Will Impact Sovereign Funds?

As of August 30, 2017, more than 30,000 Americans remain homeless from the disastrous effects of Hurricane Harvey. An estimated 100,000 homes are thought to have been destroyed or severely damaged by the hurricane and floods. The City of Houston and outlying towns remain impacted, while Texas Governor Greg Abbott commented that the disaster was […]


Borealis Infrastructure Name Changes to OMERS Infrastructure

The Ontario Municipal Employees’ Retirement System (OMERS) is renaming its infrastructure unit to OMERS Infrastructure Management Inc. from Borealis Infrastructure. OMERS started investing in infrastructure via Borealis since 1999. “The name OMERS Infrastructure helps the global marketplace recognize our direct connection to the more than 470,000 members of OMERS, on behalf of whom we manage […]


Oman’s SGRF Strategically Invests in Uranium Miner

Oman’s State General Reserve Fund (SGRF) signed a deal with Berkeley Energia to invest up to US$ 120 million to finance the Salamanca mine, a uranium mine located near Madrid, into production. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 30, 2017

Robeco Stacks Martin Nijkamp as Strategic Hire Martin Nijkamp was hired on as Head of Strategic Product and Business Development at Robeco. Nijkamp is being tasked to enhance the asset manager’s product range. Nijkamp was last Head of Strategic Business Development and Integrated Client Solutions at NN Investment Partners. Hester Borrie ended up taking the […]


nyc

Collateral: The New Performance Driver

This article is sponsored by BNY Mellon. In 2017, the global buy-side community faces considerable liquidity and funding pressures, stemming from market and regulatory reforms that are causing disruption. As a result, access to high-quality collateral, funding and liquidity is not only a pressing concern but has emerged as the essential new performance driver for […]


tibbles

SWFI First Read, August 29, 2017

Munich RE Invests in Minority Stake in Texas Wind Farm Portfolio Munich RE Group, advised by MEAG, acquired a 49% ownership stake in a portfolio of wind projects in Texas from Starwood Energy Group. The portfolio is comprised of two 230 MW wind farms, the Electra and Horse Creek wind farms, in north-central Texas, specifically […]


sovereign wealth fund center asia

China Life to Invest in China Unicom

China Life Insurance Group Company (China Life), Alibaba Group Holding Ltd., Tencent and others are participating in a 78 billion RMB (US$ 11.7 billion) shares sale by Shanghai-listed China United Network Communications Ltd. (China Unicom) for 6.83 RMB a piece. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


Sovereign Wealth-Backed Al Hosn to Build Asian Sea Bass Fish Farm

The Al Hosn Investment Company, which is backed by Qatar Holding and the Oman Investment Fund, is in preparations on the construction of an aquaculture project via land at Sur Industrial Estate. The Sur Industrial Estate, which has a deep water harbor, is located in the Al Sharqia region, roughly 300 kilometers from Muscat. [ […]


risk management

Should Bitcoin Be Treated Like a Commodity?

As central bankers take a closer examination at bitcoin, digital currencies and other cryptocurrencies, many are saying they should be treated as a commodity, not as a currency. Bank of Mexico Governor Agustín Carstens, ranked #11 on the SWFI Public Investor 2016 rankings, made some remarks on bitcoin during a recent lecture at Instituto Tecnológico […]


China Life and Baidu Form PE Tech Fund

China Life Insurance Group Company (China Life) is forming a private equity fund with search giant Baidu Inc. The fund is being called the Baidu Fund Partnership and will have initial capital of 7 billion RMB (US$ 1 billion). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


blackstone

Blackstone Wants a Slice of the MLP Industry

The Blackstone Group moved to acquire Harvest Fund Advisors LLC, an investment firm with more than US$ 10 billion in assets under management. Harvest Fund Advisors raises money from institutional investors in pooled funds and customized separately managed accounts, investing those assets in public master limited partnerships (MLPs) holding U.S. midstream energy assets. The separately […]


GIC and DLF Optimize DLF Cyber City Developers

New Delhi-based DLF Limited, one of India’s largest commercial builders, and Singapore’s GIC Private Limited formed a strategic partnership to develop a rental assets portfolio, under the consolidated portfolio of DLF Cyber City Developers Limited, a subsidiary of DLF. GIC is getting access to Indian property deal flow, while DLF is securing a line of […]


Northern Trust Wins Boeing Pension Custodial Mandate

Boeing’s corporate pension plan awarded a global custodial mandate to Northern Trust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SOFAZ Had Committed More Capital to BTK Railway Project

On July 1, 2017, the State Oil Fund of Azerbaijan (SOFAZ) committed US$ 631.79 million toward financing the building of the Baku-Tbilisi-Kars railway (BTK) project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 26, 2017

Former French PM Fillon Joins Tikehau Capital Tikehau Capital hired former French Prime Minister Francois Fillon as partner. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


4 NMSIC Members Sanctioned Over Opposing New Ethics Code

Four council members of the New Mexico State Investment Council (NMSIC) have refused to sign an acknowledgment of the council’s new code of conduct prompting a sanctions vote. These council members are Leonard Lee Rawson, Tim Jennings, New Mexico State Treasurer Tim Eichenberg and New Mexico Land Commissioner Aubrey Dunn. [ Content protected for Sovereign […]


RDIF Completes Investor Deal in Russian Cancer Treatment Centers

The Russia Direct Investment Fund (RDIF) and Mubadala Investment Company, along with other Middle Eastern funds, finalized the deal to invest in the construction, launch and maintenance of oncology and radiotherapy medical centres in the cities of Balashikha and Podolsk in the Moscow region. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Singapore’s GIC Plans to Invest in African Rainbow Capital Investments

South African billionaire Patrice Motsepe had founded African Rainbow Capital Limited, a listed South African financial services company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]