Connect with us

AIIB Positions Itself within India, Seeks Opportunity with NIIF

Published

on

Beijing-based Asian Infrastructure Investment Bank (AIIB) is planning on investing US$ 200 million toward India’s National Investment and Infrastructure Fund (NIIF), on top of US$ 1.5 billion in assistance for infrastructure-related projects in India for 2018, said AIIB president Jin Liqun following a meeting with India Prime Minister Narendra Modi in New Delhi on February 27, 2018. Jin Liqun’s high-profile visit with Modi and senior members of his cabinet – including Indian Finance Minister Arun Jaitley, Transportation Minister Nitin Gadkari, and Minister of Housing and Urban Affairs Hardeep Singh Puri – is seen as a prelude to AIIB’s 3rd Annual General Meeting to be held in Mumbai in June 2018.

NIIF Background

Established as a sort of fund-of-funds in December of 2016 with some US$ 6 billion in initial funding, the NIIF serves as an investment vehicle financing commercially viable greenfield, brownfield and stalled infrastructure projects within India. Its master fund – which closed in mid-October of 2017 with the government investing 49% – saw contributions from a range of institutional investors, including a US$ 1 billion investment agreement with the Abu Dhabi Investment Authority (ADIA).

India’s Role in AIIB

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Italian ANAS and RDIF Invest and Build the Fourth Section of Moscow’s Central Ring Road

Published

on

The Russian Direct Investment Fund (RDIF) inked a deal with ANAS S.p.A. (formerly known as Azienda Nazionale Autonoma delle Strade), the Italian state highway management company, to implement a concession agreement to build and operate the fourth section of the massive Moscow Central Ring Road. The transaction expects to be finalized in the first quarter of 2019. This is the final section of Central Ring Road, which is 96.5 kilometers long. According to the RDIF, “Under the terms of the concession agreement, the cost of construction is 85.4 billion rubles, of which the concessionaire will provide 49.7 billion rubles and private investors will provide 35.7 billion rubles.”

Continue Reading

Follow the Money – Episode 48

Published

on

This long-form podcast was recorded on December 11, 2018. Michael Maduell dissects the latest geopolitical trends that can impact institutional investors such as pensions, sovereign wealth funds, and endowments. Maduell lends his opinion on the lawsuit of Neiman Marcus and bumps in the road for augmented reality.

Download the Episode

CONTENTS
1:15 Huawei, Canada, Brexit, and Macron Headache
6:30 Sovereign Wealth Fund Asset Allocation
9:58 India Gets a New Central Bank Governor
13:26 Pensions Go Bust on U.S. Retailers
17:04 Augmented Reality and Sovereign Funds
22:00 Former CalPERS CIO Goes to Morgan Stanley Investment Management
24:30 Oman Investment Fund Goes on Defense in Public Markets
25:00 Japanese Scandals and Opportunities

EPISODE 48

Stream off Follow the Money

The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

Continue Reading

Danica Pensions Sells Danica Pension Sweden

Published

on

Danica Pension sold Danske Pension Försikringsaktiebolag (publ) (also known as Danica Pension Sweden) to a group of investors for around 2.6 billion SEK. Danica Pension is part of Danske Bank A/S. Of the total amount, 2.3 billion SEK is being paid in cash, while the rest is in the form of a debt instrument from Danica Pension.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.