Deals
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FaceBook Drops Share Reclassification

Over investor furor and pending lawsuits, Facebook canceled plans to modify its ownership share structure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


MongoDB Files for IPO

New York-based MongoDB, Inc., an open source database system has filed for a US$ 100 million IPO with plans to trade under Nasdaq. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


India deals

Sovereign Wealth Funds Anchor in SBI Life Insurance Company

SBI Life Insurance Company Limited locked in Rs 2,226 crore (US$ 346 million) from a band of institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Sovereign Wealth Seeks to Form Entertainment Investment Unit

Saudi Arabia’s Public Investment Fund (PIF) plans to form an entity called the Entertainment Investment Company to stimulate and grow an entertainment industry in Saudi Arabia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HOOPP Has a New Risk Retention Vehicle

Healthcare of Ontario Pension Plan (HOOPP) partnered with CIFC LLC to create the CIFC CLO Strategic Partners II, a new capitalized manager-owned affiliate of CIFC (CMOA II). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Northrop Grumman Agrees to Buy Orbital ATK

Defense giant Northrop Grumman Corporation agreed to acquire Dulles, Virginia-based Orbital ATK, a rocket and missile manufacturer, for roughly US$ 7.8 billion in cash (not including US$ 1.4 billion in assumed debt) – US$ 9.2 enterprise value deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Vistra Expands, Agrees to Buy Corp Services Unit of Deutsche Bank

Vistra, a Luxembourg-based corporate services provider that is used in a wide range of activities and transactions, agreed to buy the corporate services unit of Deutsche Bank’s global transaction banking division. This unit at Deutsche Bank provides management and administration of SPVs and asset holding companies to banks, non-bank financial institutions and corporates. The deal […]


sovereign wealth india

Gulf Sovereign Funds Support ICICI Lombard Offering

A number of sovereign wealth funds have anchored an investment into ICICI Lombard General Insurance Co., India’s largest private sector non-life insurer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


U.S. President Trump Admin Blocks Canyon Bridge Lattice Semiconductor Deal

U.S. President Donald Trump blocked a deal in which Portland, Oregon-based Lattice Semiconductor Corporation was going to be acquired by Beijing-based Canyon Bridge Capital Partners, LLC for US$ 1.3 billion. Lattice Semiconductor needed clearance by the U.S. Committee on Foreign Investment in the United States (CFIUS) under the Defense Production Act of 1950, as amended […]


SWFI First Read, September 14, 2017

Norway’s Supreme Court Contemplates Hearing Gassled Investor Tariff Case Solveig Gas and the other investors of the Gassled pipeline network (PSP Investments, CPPIB, France’s CDC, ADIA, Allianz, UBS) are continuing their legal efforts after a string of losses in Norway’s court system. Norway’s Supreme Court is looking at whether to decide to hear the case […]


ADIC Could Sell Stake in ADNIC

In a move to realign its financial holdings portfolio, the Abu Dhabi Investment Council (ADIC) is contemplating selling an approximate 24% stake in Abu Dhabi National Insurance Company PSC (ADNIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Government Capital Backs Moroccan Tourism Sector

Ithmar Capital and the Qatari QInvest Fund, managed by investment bank QInvest LLC, have established a joint venture called Oryx Capital to move forward on three large-scale tourism projects in Morocco. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 6, 2017

Voya Hires Former QMA Product Strategist Voya Investment Management hired Dina Santoro as managing director and head of product and market strategy. This is a new position and she will be based in New York, reporting to Shaun Matthews, Senior Managing Director and Head of the Client Group at Voya. Before this role, Santoro was […]


India deals

KIA Participated in Dixon Technologies Investment

Dixon Technologies (India) Limited (formerly Dixon Utilities and Exports Pvt. Ltd) is having its initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Acquires Minority Interest in BBAM

Increasingly, asset owners such as sovereign funds and pensions are dipping their toes into the world of aircraft leasing and financing. Singapore’s GIC Private Limited, through a sovereign wealth enterprise (SWE), agreed to buy a 30% ownership stake in San Francisco-based BBAM Limited Partnership. GIC is buying BBAM ownership interest through partial sales by the […]


SWFI First Read, September 3, 2017

SAFE Investment Hires Alan Patterson, Former AXA IM Real Assets Research Head Gingko Tree Investment, a unit of China’s SAFE Investment Company, hired Alan Patterson to be head of research and strategy for the unit. He will be based in London. Previously, Patterson was Global Head of Research and Strategy at AXA Investment Managers – […]


sovereign wealth fund center asia

China Life to Invest in China Unicom

China Life Insurance Group Company (China Life), Alibaba Group Holding Ltd., Tencent and others are participating in a 78 billion RMB (US$ 11.7 billion) shares sale by Shanghai-listed China United Network Communications Ltd. (China Unicom) for 6.83 RMB a piece. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


Sovereign Wealth-Backed Al Hosn to Build Asian Sea Bass Fish Farm

The Al Hosn Investment Company, which is backed by Qatar Holding and the Oman Investment Fund, is in preparations on the construction of an aquaculture project via land at Sur Industrial Estate. The Sur Industrial Estate, which has a deep water harbor, is located in the Al Sharqia region, roughly 300 kilometers from Muscat. [ […]


SOFAZ Had Committed More Capital to BTK Railway Project

On July 1, 2017, the State Oil Fund of Azerbaijan (SOFAZ) committed US$ 631.79 million toward financing the building of the Baku-Tbilisi-Kars railway (BTK) project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Singapore’s GIC Plans to Invest in African Rainbow Capital Investments

South African billionaire Patrice Motsepe had founded African Rainbow Capital Limited, a listed South African financial services company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]