SWFI First Read, October 20, 2015

GIC Solidifying Deal with Greenko

A sovereign wealth enterprise (SWE) of Singapore’s GIC Private Limited plans to invest approximately £162.8 million to acquire Greenko Group PLC’s majority interest in Greenko Mauritius, which is the holding company for Greenko’s business in India. Greenko is an operator of wind power, natural gas, biomass and hydropower assets in India.

Blackstone Energy Fund Waiting for the Right Moment

The Blackstone Group is poised to go after energy assets after a long-run in low oil prices. Blackstone sees a plethora of energy companies running out of cash, hoping to cherry pick the good ones. In February 2015, Blackstone Energy Partners II raised US$ 4.5 billion. The energy private equity fund has not deployed capital yet. Blackstone’s energy team is run by David Foley, senior managing director and CEO of Blackstone Energy Partners. In the third quarter of 2015, Blackstone Group had US$ 85.1 billion uninvested, compared to US$ 39.4 billion uninvested in the third quarter of 2014.

Oslo Pensjonsforsikring to Divest Oil and Gas Companies Now

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