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LEAGUE TABLES: Morgan Stanley and JPMorgan Tie for First for 2015

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cy2015_leaguetable_coverThe Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. Combining all public investors, for calendar year 2015, transactions amounted to US$ 212.18 billion versus US$ 186.56 billion in 2014. On record, 2013 had the most direct transactions for public investors at US$ 220.69 billion. When it comes to sovereign wealth funds, the 2015 transaction figure amounted to US$ 113.94 billion versus US$ 122.93 billion in 2014. The pullback in direct transactions was noted in a decrease in open market transactions by sovereign funds and smaller investment amounts per deal.

The report details trends on direct deals, sectors and countries.

Top Financial Advisors for 2015

For 2015, the top three ranked financial advisors when it comes to public investor transactions were JPMorgan and Morgan Stanley, which tied at #1, Goldman Sachs at #2 and Bank of America Merrill Lynch at #3. Other notable mentions for the year are Eastdil Secured, Deutsche Bank, HSBC, UBS, RBC and Moelis. 2015 was a year of signature deals.

Legal Advisors

For calendar year 2015, the top legal advisor for public fund transactions was Clifford Chance tied with Torys LLP. In second place was Allen & Overy. Third place was Fried, Frank, Harris, Shriver & Jacobson LLP. Other notable mentions are Sidley Austin LLP, Weil Gotshal & Manges, White & Case and Baker & McKenzie.

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Source: SWFI – Sovereign Wealth Fund Transaction Database – www.swftransaction.com, January 25, 2016

SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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