Connect with us

Friday SWFI News Roundup, July 31, 2015

Published

on

GIC a Cornerstone Investor in Syngene International

Singapore’s GIC Private Limited became a cornerstone investor in Syngene International Ltd, the research and development subsidiary of Indian pharmaceutical company Biocon Ltd. Essentially, Syngene is a contract research organization. GIC kicked in Rs 25 crore, other investors such as funds managed by Morgan Stanley, Deutsche Bank and Goldman Sachs invested the rest. A few Indian funds invested in Syngene as well. Syngene put out 6 million equity shares at a price of Rs 250 per share. Axis Capital, Credit Suisse Securities and Jefferies India are the financial advisors for the proposed initial public offering for Syngene.

Modi’s Cabinet Approves National Infrastructure and Investment Fund

The Indian government is moving forward on a new fund called the National Infrastructure and Investment Fund (NIIF) to fund new projects and stimulate foreign investment. The fund will target investments where the private sector may not have the appetite to invest. The fund could have initial capital of Rs 20,000 crore. India’s cabinet which is chaired by Indian Prime Minister Narendra Modi approved the creation of the NIIF.

Papua New Guinea Parliament Passes Sovereign Wealth Fund Bill

Papua New Guinea’s parliament has passed legislation that establishes a sovereign wealth fund for the country. The fund will help manage revenue generated by liquified natural gas (LNG) and other resource projects. The fund will be split into two funds, a stabilization fund and a savings fund.

Mumtalakat Holdings to Consolidate Aviation Assets

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

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.