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Qatar Sovereign Fund Could Invest $10 Billion in U.S. Infrastructure

Reuters reported that Sheikh Abdullah bin Mohamed bin Saud al-Thani, the top executive at the Qatar Investment Authority (QIA), met with U.S. Assistant Secretary of State for Economic and Business Affairs Charles Rifkin, in Doha, on December 12, 2016. The news agency reports that the QIA chief told U.S. officials they plan to invest US$ 10 billion into U.S. infrastructure projects in the United States.

Years back, the QIA announced they intended to invest US$ 35 billion into the U.S. over those next five years. It is not clear if this US$ 10 billion will come out of that amount or will be added to the US$ 35 billion.

Institutional Investors Await Trump Details on U.S. Infrastructure

An obstacle for many investors has been the number of suitable infrastructure opportunities, coupled with regulatory hurdles and high prices for brownfield assets. U.S. President-elect Donald Trump has made U.S. infrastructure a major plank during his campaign for U.S. president. Increasingly, large pensions and sovereign funds have been attracted to Trump’s vision on large-scale U.S. infrastructure and are keen on participating financially in the process. During Trump’s campaign, he often compared U.S. airports to airports in the Gulf region. The QIA is a major institutional investor in airports globally both in countries such as the United Kingdom and Russia.

The Blackstone Group Eyes Getting into the Infrastructure Business

The election victory of Trump has even lured The Blackstone Group to consider setting up an official infrastructure business unit. Blackstone manages money from both sovereign funds and large pensions. Blackstone also has a number of Gulf sovereign funds as clients. The private equity giant sees the success of Brookfield Asset Management’s deals with such massive asset owners.

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.

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bcIMC-Backed Hayfin Capital to Buy CLO Specialist Kingsland Capital

London-based Hayfin Capital Management agreed to buyout New York-based Kingsland Capital Management, LLC, a U.S. collateralized loan obligations (CLO) and leverage credit manager. The transaction permits Hayfin Capital an opening to the U.S. CLO market. Hayfin Capital does not currently manage any live CLOs.

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CPPIB Participates in Peruvian PE Restructuring

The Canada Pension Plan Investment Board (CPPIB) is part of an investor group that is helping restructure a number of vehicles that are managed by Peru-based Enfoca, a private equity firm.

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