Middle East

Rashed Sharif to Head Saudi PIF’s Domestic Investments

Saudi Arabia’s Public Investment Fund (PIF) named Rashed Sharif as head of domestic investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 22, 2017

Alaska Permanent Fund Corporation Posts 12.57% FY 2017 Return The Alaska Permanent Fund Corporation returned 12.57% in fiscal year 2017. APFC ended June 30, 2017 with a total record value of US$ 59.8 billion. BlackRock Eyes Investment in Hyundai Merchant Marine BlackRock is in talks to possibly commit around 1 trillion KRW into Hyundai Merchant […]


Dubai Aerospace Enterprise Finalizes AWAS Deal

Dubai Aerospace Enterprise (DAE) has acquired Dublin-based AWAS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


doha sovereign wealth fund

QIA Direct Equity Ownership in Credit Suisse Falls Below 5%

Qatar Sheikh Abdullah bin Mohamed bin Saud al-Thani, who heads the Qatar Investment Authority (QIA), explained in the Lusail paper that, “We have just completed a tour of several countries around the world and you will hear about significant investments soon.” The QIA reduced its direct share position in Credit Suisse from 5.01% back down […]


SWFI First Read, August 14, 2017

GIC Hires Wu Choy Peng as Technology Head Singapore’s GIC Private Limited hired Wu Choy Peng as Chief Technology Officer. Previously, she was Group Chief Information Officer at Singtel. OPTrust Invests in James Evans & Associates On July 6, 2017, OPTrust made a strategic investment in James Evans & Associates Ltd, a pension administration services […]


Since 2014, ISIS Had Stolen Over $750 Million Worth from Iraqi Banks

The Central Bank of Iraq (CBI) declared that the Islamic State, also referred to as ISIS, had plundered roughly US$ 101 million and 856 billion Iraqi dinars to a total estimate of US$ 750 million over the past three years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


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 […]


KUNA News: KIA Generated Roughly $150 Billion Over the Last 6 Years in Net Income

According to KUNA News Agency, state-owned news outlet in Kuwait, the Kuwait Investment Authority (KIA) earned a net income of 45.2 billion KWD (US$ 148 billion) over the last six fiscal years ended March 31. KIA had revealed the update on its returns, after the sovereign fund experienced a loss from its investments in Areva, […]


SLOW WALK: Mubadala Sells More of AMD

Abu Dhabi-based Mubadala Investment Company has sold a 3.9% ownership stake, 40 million shares, in Advanced Micro Devices (AMD). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Gulf Japan Food Fund Backs Yamanote Bakery Business in UAE

In July 2017, the Gulf Japan Food Fund invested capital into Yamanote Atelier Restaurant LLC, a business focused on developing a Japanese bakery business in Dubai. [ 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. ]


Since 2017 SOFAZ Sold Nearly $1 Billion to Azerbaijani Banks

In July 2017, the State Oil Fund of Azerbaijan (SOFAZ) sold US$ 253.2 million at currency auctions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Invesco Losing Ground with Sovereign Funds

A number of prominent Western asset managers have lost ground with Gulf sovereign funds, partly over performance and partly due to the prolonged “low” price of oil. Sovereign funds in the Gulf have been sensitive about potential allocations due to future cash withdrawals. In addition, large cash-rich Gulf sovereign funds are looking for external fund […]


1MDB Delays $603 Million Payment to IPIC

1Malaysia Development Bhd. (1MDB) revealed that it did not make a US$ 603 million payment to International Petroleum Investment Company (now part of Mubadala) due to a delay it faced from receiving the money. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 1, 2017

Ireland Strategic Investment Fund Struggles with Bank Holdings [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – July 31, 2017

Allianz Global Investors Hires Jason Green for SE Asia Institutional Side Allianz Global Investors hired Jason Green as head of institutional business for Southeast Asia. This is a new position and he will be based in Singapore. Green was Executive Director, Client Adviser of Asia Sovereign and Institutional Group at J.P. Morgan Asset Management. Koh […]


tibbles

SWFI First Read, July 30, 2017

Former CIC Executive to Joins Neuberger Berman Bin Yu is bringing his team from CloudRidge Capital, a firm that he formed in 2014, to Neuberger Berman. Bin Yu was named a Portfolio Manager at Neuberger Berman. Bin Yu was formerly at the China Investment Corporation (CIC), running a US$ 10 billion plus global equity portfolio. […]


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. ]


SWFI First Read, July 28, 2017

BREXIT WHAT? Walkie Talkie Building Sold to Hong Kong LKK Health Products Group Infinitus Property Investment, a subsidiary of Hong Kong-based LKK Health Products Group, has acquired the 37-storey Walkie Talkie building in London for approximately £1.3 billion. The property is located at 20 Fenchurch Street. The sellers were Canary Wharf Group and Land Securities. […]


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 […]