Infrastructure

SWFI First Read, August 12, 2017

SoundCloud Gets Lifeline from Temasek and Raine Group SoundCloud received lifeline capital from Temasek Holdings and Raine Group. SoundCloud is a music streaming service. The company had laid off 40% of its workforce, some 173 employees, in July 2017. It is rumored that the investment totaled €144 million. Investors Hungry for Tesla Unsecured Bonds Tesla […]


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 […]


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 […]


Danish Pension Funds Back AP Møller African Infrastructure Fund

PensionDanmark, PKA and Lægernes Pension, in a bid to get more access to infrastructure exposure in Africa, is investing a total of US$ 550 million in an African infrastructure fund that is being managed by AP Møller Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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. ]


turkey

Japanese Insures Lend Money to Turkish Healthcare PPP Development

Nippon Life Insurance Company made a US$ 158 million loan to an overseas healthcare infrastructure project in Turkey. The other Japanese insurer lending money to the project is The Dai-Ichi Life Insurance Company, Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 25, 2017

USS Acquires Roughly 11% Stake in Kemble Water Holdings The Universities Superannuation Scheme (USS) has agreed to buy an approximate 10.94% stake in Kemble Water Holdings, the parent company of Thames Water, the largest regulated water utility in the U.K. USS will become the third largest shareholder in Kemble Water, joining investors such as Dutch […]


blackstone

Blackstone’s Strengthening Grip on Infrastructure and Permanent Capital

It is no secret when limited partners think of top-tier private equity, most think of The Blackstone Group. Blackstone has been able to lure talent and massive amounts of capital to its platform. Blackstone’s market capitalization is well above its four biggest competitors such as KKR and The Carlyle Group. The alternatives behemoth is moving […]


SWFI First Read, July 18, 2017

Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group […]


OMERS and Ontario Teachers Sell High Speed 1

Borealis Infrastructure (Borealis), the infrastructure investment manager of OMERS, and Ontario Teachers’ Pension Plan (Ontario Teachers) inked a deal to sell High Speed 1 (HS1) to an investor group comprised of InfraRed Capital Partners Limited (on behalf of investors) and Equitix Investment Management Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


ABP to Acquire 48 Assets from Dutch Infrastructure Fund

The Dutch giant Stichting Pensioenfonds ABP, which outsources its money management to APG Investment Management, acquired 48 projects from Schiphol-based Dutch Infrastructure Fund B.V. (DIF) in a €700 million transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth india

GIC Buys Shares of Gayatri Projects

Singapore’s GIC Private Limited acquired a 6.2% stake in Gayatri Projects Ltd., a listed infrastructure company in India, by purchasing 1.1 crore shares at around Rs 150 per share, for a total value of Rs 165 crore (US$ 25.526). Gayatri is involved in many ventures including energy generation. Gayatri has a venture with Sembcorp Utilities, […]


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 […]


Infracapital Sells Isle of Wight Ferry Operator to Pension Funds

Infracapital, a division of M&G Investment Management Limited and M&G Alternatives Investment Limited, has sold a 100% equity stake in Isle of Wight ferry operator Red Funnel to a group of institutional investors. Infracapital had owned the ferry operator since 2007. The investor group was led by West Midlands Pension Fund and the Workplace Safety […]


london

Thames Water Shareholders Facing Greater Scrutiny

Peter Mason, the Chairman of Thames Water, is facing pressure to improve the utility’s performance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 2, 2017

APFC Employees Get Assurance, Budget Bill is Signed Employees at the Alaska Permanent Fund Corporation (APFC) will be able to get assurance on their jobs. Down to the days in budget negotiations, Alaska Governor Bill Walker signed the state’s annual operating budget into law at the end of June. Walker signed the budget without using […]


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. ]


Asian Sovereign Wealth Participates in InterPark Buyout

An investor group led by TIAA Private Investments, an affiliate of Nuveen, and Antarctica Capital finalized talks to buy Chicago-based InterPark, LLC, the largest owner-operator of parking infrastructure in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]


PSP Investments Buys into Pattern Energy Platform

PSP Investments is making a big move into the wind renewable energy sector by increasing its investment with Pattern Energy Group Inc. through a variety of means. First, PSP Investments is purchasing 8.7 million shares, a 9.9% ownership interest, of Pattern Energy stock from Pattern Development 1.0. [ Content protected for Sovereign Wealth Fund Institute […]