Australia

Powering Australian Renewables Fund Lines Up Financing for Coopers Gap Wind Farm

The Powering Australian Renewables Fund (PARF) signed an agreement with GE. The agreement entails GE supplying and installing 123 wind turbines for the Coopers Gap Wind Farm project at Cooranga North, 250 kilometers north-west of Brisbane. The installation is expected to be completed by 2019 and produce enough energy to power at least 260,000 homes, […]


Macquarie and PSP Investments Win Bid to Manage SA Land Registry

Land Services SA is a joint venture between Macquarie Infrastructure & Real Assets (MIRA) and the Public Sector Pension Investment Board of Canada (PSP Investments). This investing group won a bid to manage the state of South Australia’s land registry and management services for the next 40 years for A$ 1.605 billion. [ Content protected […]


private equity

Sovereign Wealth Fund Invested in Potential iPhone Killer

Countless sovereign funds and pensions have both direct and indirect exposure to Apple Inc. stock. Palo Alto-based Essential Products Inc. was formed on November 9, 2015 by Andy Rubin, the founder of Android, a mobile phone operating system. Google had acquired Android Inc. in 2005. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI First Read, August 8, 2017

EDBI Participates in iflix Investment Round Kuala Lumpur-based iflix Sdn. Berhad, a subscription video service like Netflix, raised US$ 133 million in funding. This round was led by Hearst. Other investors in the round include clients of DBS private bank and EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board. Existing backers […]


Akfen Holding Sells 40% Mersin Port Stake to IFM Investors

Akfen Holding, a Turkey-based infrastructure company, sold a 40% ownership stake in Mersin International Port to InfraCo SP NEUM SLU, a holding vehicle owned by IFM Investors, for a rough deal amount of US$ 869 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 29, 2017

Sam Loughlin Out at Lone Star Funds Sam Loughlin, President of North America of Lone Star Funds has stepped down. Loughlin is being replaced by Nick Beevers. Nick Beevers joined Lone Star Funds in 2011. In the United States, Lone Star Funds is active in the non-performing mortgage space. Lone Star Funds, through its affiliated […]


tibbles

SWFI First Read, July 21, 2017

GIC Puts Bluewater Shopping Centre Stake for Sale Singapore’s GIC Private Limited has put its stake in the Bluewater Shopping Centre on the market. GIC has a 17.5% ownership stake in the Kent property. GIC is asking for more than £400 million. GIC hired Knight Frank to manage the sales process. The main owner of […]


NSSF

Desktop Metal Raises Series D, Sovereign Funds Participate

Google-backed startup, Desktop Metal, Inc., has just raised US$ 115 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sunsuper Makes Inaugural Direct Investment in Retail Property

Superannuation institutional investor Sunsuper embarked on its inaugural direct investment into retail properties. Sunsuper, through AMP Capital, acquired the Marketown Shopping Centre in Newscastle for 163 million AUD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund and CPPIB Seek to Sellout of Some Australian Properties

Australia’s Future Fund and Canada Pension Plan Investment Board (CPPIB) are looking to recycle some Australian real estate assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


With $50 Billion, Trending Slowdown in 1H Sovereign Fund Direct Investments for 2017

Source: Sovereign Wealth Fund Transaction Database As of June 28, 2017, the Sovereign Wealth Fund Institute (SWFI) can report that first half direct transactions made by sovereign wealth funds for 2017 totaled US$ 50 billion, compared to the first half of 2016 at US$ 54.17 billion and 2015 at US$ 67.3 billion. However, overall, from […]


tibbles

SWFI First Read, June 21, 2017

Former Shutterfly CEO Joins Vision Fund Jeffrey T. Housenbold, the former CEO of Shutterfly, Inc., has joined SoftBank Group as a senior investing member of the massive Vision Fund. Bidders Lineup for Senior Housing Business of LendLease China-based Cindat Capital Management, The Blackstone Group and GIC Private Limited are among a group of suitors for […]


Equip Super and Rio Tinto Super Agree to Merge

Equip Super Pty Ltd and the Rio Tinto Staff Superannuation Fund held talks in the beginning of the year to merger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund Invests in Video Analytics Firm Conviva

Foster City, California-based Conviva raised US$ 40 million in a recent round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS is Done with Thermal Coal Companies

On February 3, 2016, the Board of the California State Teachers’ Retirement System (CalSTRS) voted to divest from U.S. thermal coal companies. Fast forward to June 2017, the CalSTRS board has now voted to divest from all non-US thermal coal holdings, effective July 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI – Movers and Shakers – June 7, 2017

Taro Ogai Named as Head of Investments for APAC at Willis Towers Watson Willis Towers Watson appointed Taro Ogai as head of investments for Asia Pacific (APAC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 38

Rachel and I discuss the SoftBank Vision Fund, Saudi Arabia, the Middle East and sovereign wealth funds in this episode of Follow the Money. Rachel gives her opinion on the Blackstone infrastructure fund. This podcast was recorded on May 24, 2017. Download the Episode CONTENTS 1:05 Chatting about Saudi Arabia, SoftBank Group and Sovereign Wealth […]


Australia’s Future Fund Has Benchmark Return Modified

In a document titled, Future Fund Investment Mandate Direction 2017, the Australian government’s mandate for its Future Fund has changed. The benchmark return was modified to an average over the long-term consumer price index (CPI) to +4% per annum to 5% per annum. This means the sovereign fund’s target mandate was lowered; the Future Fund […]


SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


Brisbane

Quadrant Private Equity to Sell Icon Cancer Care to Investor Group

Sydney, Australia-based Quadrant Private Equity Pty Limited sold its ownership in Icon Cancer Care Group, an Australian healthcare organization focused on cancer treatment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]