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What Low Oil Prices Mean for Institutional Investors

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Institutional investors such as pensions, sovereign wealth funds and private equity funds have allocated billions to U.S. energy companies. This committed capital, much of it based on the lofty assumption of oil prices hovering around US$ 90 to US$ 110 per barrel, was put to invest in oil and exploration projects, as well as production developments. Many of these companies borrowed big time, getting credit from hedge funds, private equity funds and asset owners like pension funds and sovereign funds. For example, in January 2015, Austin-based WBH Energy, a shale oil and gas producer who had leases in the Fort Worth Basin, filed for bankruptcy protection. In September 2014, Castlelake (formerly known as TPG Credit) declined to extend additional credit to WBH Energy.

Oil Giants Raise Debt

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Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

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Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Adds to Existing Investment in Central London

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On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Crown Property Bureau Moves Assets to Thailand King Under 2017 Law

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In December 2016, Crown Prince Maha Vajiralongkorn became King of Thailand, succeeding his father King Bhumibol Adulyadej who passed away in October 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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