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2012 Direct SWF Transactions Total 57.3 Billion, 36 Percent Drop from 2011

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The Sovereign Wealth Fund Transaction Database (SWFTD) totaled calendar year 2012 direct sovereign wealth fund transactions to be US$ 57.3 billion, a 36% drop from US$ 89.5 billion in 2011. The fourth quarter of 2012 finished off the strongest in direct transaction amounts, with the second quarter finishing last. In fact, the fourth quarter transaction amount for 2012 has topped 2011 and 2010 by a hair, but not 2009. It is important to remind readers that the database calculates direct sovereign wealth fund transactions, not money given to a commingled fund or funds managed by a third party to invest.

By excluding bailouts such as Ireland’s NPRF infusion to prop up the two major Irish banks and other domestic economic stabilization transactions, there maintains an upward 10-year slope of direct sovereign wealth fund transactions.

Total Direct Sovereign Wealth Fund Investment Activity Per Annum

sovereign wealth fund transactions jan 2013

Annual Sector Growth by Direct Transaction Amount

Sector 2011-2012
Consumer Staples 127.9%
Information Technology 90.1%
Materials 49.0%
Real Estate 36.4%
Infrastructure -2.6%
Consumer Discretionary -22.7%
Energy -46.8%
Utilities -53.6%
Healthcare -57.6%
Industrials -62.7%
Telecommunications -71.3%
Financials -77.1%
Media and Entertainment -93.3%

Source: Sovereign Wealth Fund Transaction Database – Latest database statistics of 1/13/2013

Sovereign wealth funds have actively been investing in 2012, but in some instances they may allocate money to external managers. This often occurs when a fund takes on a new strategy or does not have the capability in-house.

Committing capital to real estate funds has increased in 2012, as SWFs seek to diversify from fixed income and a volatile global equity market. In addition, from 2009 to 2011, assets from a variety of classes were discounted, and sovereign wealth funds stepped in.

The Sovereign Wealth Fund Transaction Database is available online for database subscribers. Transaction data can now be accessed on a more frequent basis. The SWFTD now contains over 3,900 recorded transactions.

  • Online, Convenient Access
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  • Time-Series Charts, Data Tables and Graphs
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Access Online Website – SWFTD

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Mergermarket Gets Ready to be Sold

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Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.

Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.

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Why Japan Post Sees Promise in Aflac

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Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.

In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.

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RDIF and Development Agency of Serbia Agree to Explore Joint Investments

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The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.

In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.

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