Abu Dhabi Investment Authority

SWFI First Read, August 11, 2017

NRG Energy Potential Asset Sales Draws Public Fund Capital NRG Energy Inc. is unload as much as US$ 4 billion of assets in a bid to lower debt and reduce costs. Some of the assets includes NRG Energy’s stake in NRG Yield Inc., a solar and wind farm owner and operator. Prospective suitors of these […]


India deals

ADIA Gets Behind Indian Private Security Company

In the past two years, the Abu Dhabi Investment Authority (ADIA) has been backing a wide range of Indian private companies going public. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA-Backed 330 Madison Office Moves to Refinance

330 Madison Avenue is a 39-storey office property, totaling 849,372 square feet, in Midtown Manhattan this is owned by 330 Madison Avenue Property Owners LLC. [ 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. ]


Simpson Thacher Takes First for 1H 2017 PI Legal Advisor

Simpson Thacher & Bartlett LLP (Simpson Thacher) took first place in the public institutional investor transaction database for the first half of 2017 for legal advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Simpson Thacher was involved in numerous transactions with […]


ADIA Adopted Reference Portfolio, Continues Asia Push

The Abu Dhabi Investment Authority (ADIA) released its 2016 annual review. The giant sovereign fund is taking a page from its peers such as CPPIB, GIC Private Limited and the New Zealand Superannuation Fund, has formalized its reference portfolio, using a mixture of publicly-traded securities with fixed weightings. [ Content protected for Sovereign Wealth Fund […]


LOST AGAIN: Gassled Investors Lose in Appeals Court

The Gassled investors have lost again. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Reshuffles Board

The Abu Dhabi Investment Authority (ADIA) experienced a shift in its board of directors. Two board members, Sheikh Sultan bin Zayed and Hamad Al Hurr Al Suwaidi, have exited their roles as wealth fund board members. In addition, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan’s decree named Sheikh Mohammed bin Zayed, Crown Prince of […]


ADIA is an Anchor Investor in Central Depository Services Ltd

The Abu Dhabi Investment Authority (ADIA) was an anchor investor for Mumbai-based Central Depository Services Ltd’s initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 16, 2017

ADIA Expresses Interest in Cube Highways and Infrastructure The Abu Dhabi Investment Authority (ADIA) has expressed some interest in possibly investing US$ 200 million in Cube Highways and Infrastructure Pte Ltd, an Indian toll roads platform. Cube Highways and Infrastructure was formed by the International Finance Corporation (IFC) and I Squared Capital. Cube Highways and […]


SWFI First Read, June 14, 2017

ADIA Participated in Backing Tejas Networks Before IPO Bangalore-based Tejas Networks Ltd, a telecommunications equipment maker, had its initial public offering (IPO), offering 17.11 million shares. Some anchor investors right before the IPO were the Abu Dhabi Investment Authority (ADIA), private equity firm East Bridge Capital and PremjiInvest. PremjiInvest is the family office of Wipro […]


Why Did CBRE Buy Caledon Capital?

As the institutional investment business takes a pivot toward Western infrastructure, real estate managers are taking notice, some are actively looking to buy emerging managers. CBRE Group, Inc. had signed a definitive agreement to acquire a majority ownership stake in Toronto-based Caledon Capital Management. Operationally, Caledon Capital will remain independent and current management plans to […]


A Brief Look into How ADIA Runs Active Internal Equities

Global equity money managers are keen to win mandates from the Abu Dhabi Investment Authority (ADIA). What many may not know is that ADIA manages a sizable portion of its public equity portfolio internally using a combination of passive, active and smart beta strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion was […]


Sovereign Wealth Funds Go Gaga for Venture and Tech Investments

Sovereign wealth funds are betting big on innovation and technology shifts in areas such as cloud computing, consumer mobile, driverless cars and augmented reality to help drive return growth. A cadre of high-profile wealth funds have set up shop in the San Francisco Bay Area including Temasek Holdings, Khazanah Nasional and GIC. The Qatar Investment […]


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 […]


Sovereign Funds Ramp Up Healthcare Investments

With the United States experiencing an economic recovery, the healthcare industry is expected to prosper as it remains a significant proportion of the country’s gross domestic product (GDP). Sovereign investors are increasing positions in health-related industries such as pharmaceuticals, genome analysis and diagnostic technologies, while large Canadian pension plans have been investing in specialty healthcare […]


ADIA and GIC Invest in Pharmaceutical Product Development

Pharmaceutical Product Development, LLC (PPD) has been recapitalized by permitting the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC Private Limited acquire minority ownership interests. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NZ Super Fund Stumbles in Wind Turbine Investment Ogin, Writes Off

The New Zealand Superannuation Fund (NZ Super), which made a pivot toward green energy investments in the past few years, has experienced a loss. NZ Super’s investment in Ogin, a U.S. wind turbine company, is being completely written off as Ogin is being wound down. Ogin, formerly known as FloDesign, had sold its wind turbine […]


OTPP and Temasek Join Selling Shareholders in Athene Secondary Sale

Bermuda-based Athene Holding Ltd., a listed fixed annuities provider, had announced an underwritten offering of its Class A common shares, some 25,000,000 shares. These shares are being sold by a cadre of shareholders with an estimated price tag of US$ 1.27 billion. Athene will not receive any proceeds from the share sale offered. In addition, […]