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CIC and Singapore’s GIC Invest in Cheniere Energy’s Export LNG Plant

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Energy assets are of increasing importance to Asian sovereign investors. There is Asian demand for liquefied natural gas. The China Investment Corporation (CIC), Blackstone Group LP, Government of Singapore Investment Corporation (GIC), and the Louisiana Teachers Retirement System invested a total of US$ 1.5 billion in Cheniere Energy Partners’ export liquefied natural gas (LNG) plant. The CIC and GIC each invested around US$ 500 million in the deal. By partnering with a state public investor and a private equity firm, sovereign funds can lower political risk in a deal. The China Investment Corporation has been an early investor in the Blackstone Group before it had its initial public offering. The relationship has allowed the CIC to access unique investment opportunities due to Blackstone’s reach and influence.

Cheniere Energy Partners is launching the first LNG export terminal in the continental United States.

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CalPERS Commits $5 Billion Toward US Enhanced Equity Strategy

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The California Public Employees’ Retirement System (CalPERS) moved US$ 5 billion toward an internally-managed U.S. enhanced equity strategy. This falls under the global equity bucket at CalPERS.

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Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

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Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Adds to Existing Investment in Central London

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On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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