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Irish NPRF Seeks to Sell Private Equity Assets

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private_equityEmbracing an inward stance on investing, the once major allocator of private equity is looking to sell those very investments. In 2005, the NPRF embarked on a private equity investing binge – partnering with a number of the most-recognized funds in the industry. Ireland’s sovereign fund is transforming their discretionary portfolio into an economic stimulator to create domestic jobs – essentially modifying the fund into a strategic development sovereign wealth fund (SDSWF).

Ireland’s National Pensions Reserve Fund (NPRF) wants to unload US$ 1 billion worth of global private equity assets with preference toward a single buyer. In 2012, the NPRF sold €148 million worth of fund interests in seven private equity funds.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Saudi Aramco and PIF See Opportunities in Russia

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Saudi Arabia’s Public Investment Fund (PIF) is currently exploring opportunities within Russia. PIF is working with the Russian Direct Investment Fund (RDIF) on a number of fronts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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HNA Group Aims to Shrink and Sell

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Chinese conglomerate HNA Group is on a selling spree due to an order from the government in Beijing to scale back on debt. HNA Group joins Anbang Insurance Group and Dalian Wanda Group in deleveraging from global assets, particularly in hotels and real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Central Bank of Hungary Buys Mounds of Gold

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In October, the Central Bank of Hungary (MNB) boosted its gold reserves by 10 times, from 3.1 tons to 31.5 tons. This was revealed on October 16, 2018. The gold acquired by the central bank in October has a holding value of US$ 1.24 billion.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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