Connect with us

RDIF Adds Italy’s FSI to Diverse Array of Co-Investment Funds

Published

on

networks_fundsThe Russian Direct Investment Fund (RDIF) and the Fundo Strategico Italiano (FSI) signed an agreement on November 26 to contribute roughly US$ 1.35 billion to a strategic investment vehicle designed to promote trade and foreign direct investment in the two countries. According to details about the agreement, each entity will contribute €500 million to the vehicle. The agreement was signed in the presence of Russian President Vladimir Putin and Italy’s Prime Minister Enrico Letta in Trieste.

Maurizio Tamagnini, CEO of FSI, seeks investments in “food, engineering, machinery and other technology-based industries,” he said in a statement.

The RDIF, since its inception two years ago, has been very active and successful in partnering with other sovereign wealth funds and national funds for joint investment purposes. Its first major partner was the China Investment Corporation (CIC) in October of 2011, creating a US$ 2 billion dollar vehicle set to be 70% focused on Russia with the other 30% going toward Chinese investments. The joint vehicle continues to seek funding from Asian investors with hopes to build the fund out to US$ 4 billion.

The boom in investment partners is not likely to end anytime soon.

There were 2 notable deals in 2012. The first was made with the Kuwait Investment Authority (KIA). The KIA agreed to a US$ 500 million co-investment deal. The result is that the KIA will co-invest in all RDIF transactions. Bader Mohammed Al-Saad, Chief Executive Officer and Managing Director, KIA, was named as an international advisor to the RDIF in 2011.

International Advisory Board – Public Funds

Name STEPHEN SCHWARZMAN  LEON BLACK  DAVID BONDERMAN MARTIN HALUSA JOSEPH SCHULL KURT BJORKLUND
Title Chairman and Chief Executive Officer, Blackstone Group  Chairman and Chief Executive Officer, Apollo Global Management  Managing Partner, TPG  Chief Executive Officer, Apax Partners Head of European Operations, Warburg Pincus Co-managing Partner, Permira

 
International Advisory Board – Public Funds[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

NZ Super Names Three New Board Members

Published

on

New appointments have been made to the Board of the Guardians of New Zealand Superannuation Fund (NZ Super). The appointments were made on July 19, 2018. The three new board members are Catherine Drayton, Simon Botherway and Henk Berkman.

According to the NZ Super press release, “Simon Botherway’s appointment runs from 1 August 2018 to 30 September 2021. He is a professional director with a history in investment, investment regulation and supervision. Other board roles have included his current position as Chair of Serko, a director on Callaghan Innovation and previously being the Chair of the FMA Establishment Board and a member of the Securities Commission.

Henk Berkman will serve from 1 October 2018 to 30 September 2022. He has been Professor of Finance, Department of Accounting and Finance at the University of Auckland since 2008. Mr Berkman has held previous professorial positions at Massey University, University of Sydney and the University of Maastricht.

Catherine Drayton will serve from 1 November 2018 until 30 September 2022. She is a Christchurch-based director who previously led the Assurance and Advisory Practice for PwC in Central Eastern Europe. Her public sector governance experience includes her current role as Chair of Christchurch International Airport and as a member of the University of Canterbury Council. Her experience as a Director of Ngai Tahu Holdings has provided her with iwi governance experience.”

Continue Reading

AIMCo Names Former Talisman Energy Executive to Board

Published

on

The Alberta Investment Management Corporation (AIMCo) appointed Jacqueline (Jackie) Sheppard as a member of the board of directors for a term set to expire on June 30, 2021. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

Published

on

Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ 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.