Connect with us

Friday SWFI News Roundup, May 15, 2015

Stanford Endowment’s Head of Private Equity Joins Adams Street Partners

Saguna Malhotra, the former managing director for private equity for Stanford University’s endowment, has joined Adams Street Partners as a partner. She will be based in Menlo Park. Before working at Stanford Management Company (SMC), Malhotra was vice president at Ripplewood Holdings. At SMC, she was responsible for a US$ 5.7 billion private equity portfolio.

GIC Invests in Indian Microlender

Indian microlender Bandhan Financial Services raised Rs 1020 crore (US$ 159 million) equity from International Finance Corporation (IFC), Singapore’s GIC Private Limited and Small Industries Development Bank of India. GIC has invested Rs 640.87 crore in Bandhan. IFC invested Rs 344 crore. After the capital raise, Bandhan got its final banking license from the Reserve Bank of India (RBI).

GIC and QIA to Invest in Flipkart Round

Bengaluru-based Flipkart is near raising US$ 550 million in new capital. Leading the round is Tiger Global, plunking down US$ 100 million. Other investors are DST Global, Accel Partners, Naspers, Steadview Capital, Qatar Investment Authority (QIA) and Singapore’s GIC Private Limited. Flipkart is keen on gaining market share against its domestic rival Snapdeal and its foreign rival Amazon for dominance in the Indian online retail industry.

Korea’s National Pension Service Plans to Open Singapore Office

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

Concerns Raised at Potential BlackRock Takeover of CalPERS’ Private Equity

The California Public Employees’ Retirement System (CalPERS) has been analyzing options on what to do with its massive US$ 26 billion private equity program. The pension system has embraced the mantra of reducing cost, reducing complexity and reducing risk, the hallmark of its program called “INVO 2020”. CalPERS also wants less, but more strategic relationships with external money managers. At one point, CalPERS was contemplating increasing its direct investment staff to model Canadian pension funds such as Canada Pension Plan Investment Board (CPPIB), OMERS and the Ontario Teachers’ Pension plan. The pendulum has begun to swing the other way as reported earlier by SWFI research staff.

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

Continue Reading

CDP Signs €1.7 Billion Infrastructure Loan Agreement with Atlantia Group

Cassa depositi e prestiti S.p.A. (CDP) and Atlantia Group’s Autostrade per l’Italia (ASPI) have signed a €1.7 billion loan contract dedicated to upgrading motorways in Italy under concession to ASPI. €1.1 billion will come in the form of a term loan with a 10-year tenure, with the remaining €600 million wrapped up in a five-year revolving loan.

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

Continue Reading

Sovereign Funds Commit to Integrating Climate-Related Risks at One Planet Summit

Representatives from a number of sovereign wealth funds who collectively govern over US$ 2 trillion in assets came together at the One Planet Summit at the Élysée Palace in Paris in order to discuss what public asset owners can do to incorporate climate change-related risks and opportunities into investment considerations.

The newly formed committee – called the One Planet Sovereign Wealth Fund Working Group – includes as its founding members the Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Qatar Investment Authority (QIA), Norges Bank Investment Management (manager of Norway’s Government Pension Fund Global), Saudi Arabia’s Public Investment Fund (PIF), and the New Zealand Superannuation Fund.

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

Continue Reading

Popular

© 2008-2017 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.