Connect with us

SWFI First Read, February 15, 2016

Published

on

NIIF May Consolidate Government Infrastructure Company Holdings

The Indian Ministry of Finance is considering moving a number of stakes held in infrastructure institutions into the newly-formed National Investment and Infrastructure Fund (NIIF). The sub fund of the NIIF could hold stakes in companies such as the Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and India Infrastructure Finance Company Ltd (IIFCL).

OMERS PE Sells Marketwired to Nasdaq

OMERS Private Equity has agreed to sell Marketwired L.P., a provider of investor and public relations services, to Nasdaq. Nasdaq has been expanding its presence in the investor relations space. For OMERS, BMO Capital Markets served as financial advisor, and Morrison & Foerster and Stikeman Elliott acted as legal counsel.

Tishman Speyer Acquires The Economist Plaza

Developer and investor Tishman Speyer acquired The Economist Plaza in London for around £132.5 million from the editorial group. The 3-building, mixed-use London complex was built in 1964 and is home to The Economist Group’s editorial headquarters. Following the deal, The Economist Group will lease back their occupied space in the Tower Building’s top four floors for a period of 18 months. The seller hired JLL to find a buyer.

Risk Parity Still Being Adopted by U.S. Pensions

The Virginia Retirement System (VRS) signaled to the investment industry that risk parity is still a relevant strategy in these markets. VRS committed US$ 250 million to a fund managed by Bridgewater Associates called Bridgewater Optimal Portfolio. The allocation will be in the VRS’ strategic opportunities portfolio. VRS witnessed encouraging results in its strategic opportunities portfolio. Another recent allocation to risk parity by a U.S. pension was San Joaquin County Employees’ Retirement Association’s decision to hire PanAgora Asset Management to implement the strategy.

ST Telemedia to Acquire Tata Data Center Business

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

Scatec Solar Places Big Solar Bet in Bangladesh

Published

on

Oslo-based Scatec Solar ASA, a publicly-traded independent power producer operating in the emerging market solar development space, plans to construct and own a 800 mega watt photovoltaic solar power plant in Chandpur, Bangladesh. Scatec Solar has solar assets scattered across numerous emerging markets such as South Africa, Rwanda, Honduras, Egypt, Jordan and the Czech Republic.

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

Continue Reading

APFC Sells $1.4 Billion Stake in Simpson Housing

Published

on

The Alaska Permanent Fund Corporation (APFC) embarked on a major shift in its real estate portfolio by selling a 50% ownership stake in Denver-based Simpson Housing LLLP for US$ 1.4 billion. Simpson Housing had made up roughly 24.7% of APFC’s US$ 5.6 billion real estate portfolio. The other owner of Simpson Housing is that State of Michigan Retirement Systems.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

ISIF Invests in Cybersecurity Firm Vectra

Published

on

The Ireland Strategic Investment Fund (ISIF) committed €10 million to Vectra Networks, Inc., a San Jose, U.S.-based cybersecurity company. The investment capital will assist Vectra in creating a research and development center in Dublin.

ISIF is part of a larger funding round of €30 million. These other investors include Khosla Ventures, Accel Partners, DAG Ventures, AI Ventures, AME Cloud Ventures and Wipro Ventures.

Kevin Dillon, who is the former Head of Microsoft Ireland and a Managing Partner at Atlantic Bridge, will join the board of directors at Vectra.

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.