CDPQ to Acquire Minority Stake in Sebia

Caisse de dépôt et placement du Québec (CDPQ) acquired a minority stake in Sebia SA from private equity firms Astorg Asset Management and Montagu Private Equity. Sebia is a global multi-specialty in-vitro diagnostics company focusing on oncology, genetic haemoglobin and metabolic disorders; the company is headquartered in Lisses, France.[ Content protected for Sovereign Wealth Fund […]

KIA Throws in the Towel with Areva, Incurs Losses

The Kuwait Investment Authority (KIA) plans to sell its 4.82% ownership interest in Areva to the French state. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

ADIA Sells Central Paris Property to Norway’s SWF

On July 28, 2017, Norges Bank Real Estate Management, a real estate unit of Norges Bank Investment Management (NBIM), acquired a 100% ownership interest in 6-8 boulevard Haussmann property, located in central Paris, for €462.2 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, July 6, 2017

Qatar Sovereign Wealth: $26 Billion in U.S., Since 2015 Revealed at a business roundtable meeting held by the US-Qatar Business Council (USQBC) in Washington, D.C., is that the Qatar Investment Authority (QIA) has invested roughly US$ 26 billion into the United States since 2015. The QIA is looking to open a San Francisco office to […]

Engie to Acquire a 40% Stake in Tabreed

Mubadala is making moves to diversify some of its holdings, letting some foreign companies to have ownership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, May 25, 2017

UBS Wins Big Global Smart Beta Mandate from a U.S. State Pension The Iowa Public Employees’ Retirement System awarded a global smart beta equity manager mandate to UBS Asset Management. The contract is pending final negotiations. The allocation is 3% of the total pension’s portfolio, which has around US$ 28.5 billion in assets. Khazanah Nasional […]

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, […]

SWFI First Read, May 17, 2017

APG Continues to Play in Dutch Residential Leasing Market APG Asset Management is part of a group of investors to kick in an additional €280 million into a portfolio of Dutch residential rental properties overseen by Rotterdam-based Vesteda. The money will target opportunities in the areas of Ranstad, Brabant and other cities in Netherlands. Vesteda […]

CDC Sells Interest in Qualium Investissement

Caisse des dépôts (CDC) is selling 70% of its ownership interest in Qualium Investissement to the company’s management. Overseeing more than €600 million, Qualium Investissement is a specialist firm in small-to-medium enterprises. CDC also plans to contribute €100 million for the launch of a new fund called Qualium Fund II managed by Qualium Investissement. At […]

Macron Wins French Presidential Election

Emmanuel Jean-Michel Frédéric Macron has defeated Marion Anne Perrine (Marine) Le Pen in a bid to become the next President of France. Macron was the former Inspector of Finances for the Inspectorate General of Finances (IGF). He is also a former investment banker at Rothschild & Cie Banque. Macron will become the youngest president in […]

SWFI First Read, May 6, 2017

St. Kitts and Nevis and Norway Officials Discuss Sovereign Wealth Issues The Federation of St. Kitts and Nevis met with Norwegian government officials to discuss a host of issues. One such issue was the topic of sovereign wealth funds. Shell Asset Management Hires Patrick Groenendijk Shell Asset Management, the investment management unit for Shell’s pension […]

Qatar Holding Gets Voting Rights Boost in Media Giant Lagardere

Qatar Holding, a sovereign wealth enterprise (SWE) of the Qatar Investment Authority (QIA), is a major shareholder in Lagardère Group, a multinational media conglomerate based out of France. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Libya Sovereign Fund and Societe Generale Agree to Settle Fraud Case

In a gesture to avert a high-publicity trial, French banking giant Société Générale SA had reached an agreement with the Libyan Investment Authority (LIA) to settle legal disputes regarding bribes and derivatives – thus avoiding a court case in London’s High Court. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]

Public Fund-Backed LBC Tank Terminals Sells Some Euro Assets to Alkion Terminals

Mechelen, Belgium-based LBC Tank Terminals is one of the biggest operators of bulk liquid storage facilities for chemical petroleum products and base oil products. LBC Tank Terminals is owned by PGGM, APG Asset Management, State Super and Sunsuper. Owners of LBC Tank Terminals LBC Tank Terminal Investor Official Holder Investor Inception Ownership Percentage PGGM ThroughStichting […]

SWFI First Read, April 25, 2017

Ex-BlackRock Joseph Linhares to Head EMEA at Russell Investments Joseph Linhares was named Head of Europe, Middle East and Africa (EMEA) at Russell Investments. He will report to Len Brennan, CEO of Russell Investments. Previously, Linhares was Global Head of Platinum Accounts at BlackRock Inc. Linhares was an early employee of iShares, which was owned […]

Neptune Oil & Gas Plots with CIC on Engie Deal

French utility Engie, formerly known as GDF Suez, is in the midst of potentially large transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

REVERSE: Mubadala Capital to Manage Money for Ardian

Ardian, a European alternative investment management company, is buying the majority position in a US$ 2.5 billion pool of private equity interests owned by Mubadala Capital, a sovereign wealth enterprise (SWE) of Mubadala. Ardian is investing US$ 1.75 billion for that pool. The transaction was completed on March 31, 2017. Mubadala Capital will continue to […]

SWFI First Read, April 13, 2017

CICC Finalizes China Investment Securities Transaction China International Capital Corporation Limited (CICC) finalized its acquisition of Shenzhen-based China Investment Securities Co. from Central Huijin Investment Ltd. for 16.7 billion RMB (US$ 2.5 billion). CICC bought 100% of the shares. The deal was signed and publicly released on November 4, 2016. Central Huijin Investment and related […]

SWFI First Read, April 7, 2017

Darryl Murphy Named Head of Infrastructure Debt at Aviva Investors Aviva Investors hired Darryl Murphy as head of infrastructure debt on the alternative income solutions team. He will oversee a team of 20 infrastructure debt professionals. Previously, Murphy was a Partner at KPMG working in the U.K. corporate finance unit focusing on the power and […]

CDPQ CIO Roland Lescure Exits Role for Public and Political Life

Roland Lescure, the Chief Investment Officer of Caisse de dépôt et placement du Québec (CDPQ), on April 5th, announced his intentions to leave his position. Lescure is exiting his role to enter public and political life. Lescure plans to return to France to enter politics. In a news release, Lescure stated, “I have spent the […]