Connect with us

CalPERS Purchases Interest in Power Transmission Line

Published

on

According to the press release, “The California Public Employees’ Retirement System (CalPERS) announced today that it has agreed to acquire a stake in a 65-mile submarine electric power transmission line that runs from Sayreville, New Jersey, to Hicksville, Long Island, New York.

The agreement to purchase an interest in the Neptune Regional Transmission System from Arclight Capital marks CalPERS second direct infrastructure investment, following the 2010 purchase of a 12.7 percent equity stake in London’s Gatwick Airport.

“This agreement is a good fit for our growing infrastructure program,” said Joseph Dear, CalPERS Chief Investment Officer. “It’s an income-generating investment with stable revenues located in the United States, very much in line with the type of investment we said we would be looking to make when we described our vision for infrastructure in September.”

Over the next three years, CalPERS plans to invest up to $5 billion in infrastructure projects, including up to $4 billion in the United States and up to $800 million in California. CalPERS plans call for investments in both public and private infrastructure, including, but not limited to, transportation, energy, natural resources, utilities, water, communications and other social support services.

The deal for the transmission line is expected to close in the first quarter of 2012. Terms of the agreement were not disclosed.”

Read more: CalPERS Press Release

Angolan Government Cancels Port Concession, Reviews Others

Published

on

Atlantic Ventures SA, which has ties to Isabel dos Santos (daughter to former Angolan president,) lost its concession rights to construct a US$ 1.5 billion port – the Barra do Dande port – near Luanda. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Egyptian Parliament Passes Draft Law on Misr Fund

Published

on

Egypt’s state news agency revealed the country is forming a sovereign wealth fund with initial capital of 5 billion Egyptian pounds, with 1 billion Egyptian pounds of that amount being immediately transferred from the Egyptian public treasury. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Capital Constellation Backs Middle Market PE Platform

Published

on

Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ 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.