Connect with us

SWFI First Read, December 18, 2016

Published

on

New Zealand Superannuation Fund to Commit up to NZ$ 260 Million to SMEs in NZ Companies

The New Zealand Superannuation Fund (NZ Super Fund) plans to invest up to NZ$260 million in small and medium-sized New Zealand companies over the next 5 to 10 years. The NZ Super Fund is investing up to NZ$90 million in Direct Capital’s V Fund, up to NZ$120 million into Pioneer Capital’s III Fund, and up to NZ$50 million into Movac’s IV Fund. The three mandates target different parts of the private equity market in New Zealand, with Direct Capital operating at the larger end of the growth spectrum, Pioneer targeting mid-market companies seeking international growth, and Movac focused on earlier stage, high growth technology companies. Each fund is expected to invest in between 8 and 15 individual companies.

Ukraine’s PrivatBank Becomes Nationalized

On December 18, 2016, the largest bank in the Ukraine is being nationalized. The Ukrainian government stated they are now the 100% owner of PrivatBank. PrivatBank has its headquarters in Dnipropetrovsk, in central Ukraine. Founded in 1992, the bank was a pioneer in the country being the first to introduce plastic cards and ATMs. Ihor Kolomoyskyi, a Ukrainian billionaire, had a combined 49.9816% ownership stake in the bank. He owned the shares through entities such as British Virgin Islands-based Fransiano Investments Limited and Limassol, Cyprus-based Triantal Investments Limited. Gennadiy Bogolyubov, a Ukrainian billionaire, also had a 41.5769% stake in the bank.

Oman MoF Moves Omantel Equity to OIF

Oman’s Ministry of Finance transferred its 51% equity ownership interest in Oman Telecommunications Company (Omantel) to the Oman Investment Fund (OIF). This equity transfer follows a series of government ownership moves to state-owned entities like the OIF.

STC Ventures Invests in Ride Sharing App Careem

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

QIA Becomes the Largest Shareholder in Colonial

Published

on

The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Mumtalakat Discloses Investment in Khairat Bahrain

Published

on

Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

Continue Reading

Temasek Acquires Cybersecurity Firm Sygnia

Published

on

Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ 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.