The U.S. vs The Rest: Litigation Funding’s Local Characteristics

This article is sponsored by Goal Group. Even though the number of class action lawsuits brought to court is growing in mature jurisdictions around the world, the United States is still the largest market for securities and antitrust class action litigation. This is not least due to a number of crucial, and favourable, differences in […]

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City Council Approved Medicine Hat Heritage Savings Fund

Medicine Hat is a city in southeast Alberta, Canada. In a 8-0 decision, the City Council of Medicine Hat has approved the creation of a Heritage Savings Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Partners with Beacon Capital on Prime DC Real Estate

Large asset owners such as sovereign funds continue to provide U.S. real estate managers the ability to diversify their portfolios. In a massive institutional real estate deal, Singapore’s GIC Private Limited formed a joint venture with a number of investors to buy into a Washington D.C. office portfolio. With law firms and lobbyists pulling back […]

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Wealth Fund Capital Backs Helicopters and Airports in Russia

An investor group comprised of the Russian Direct Investment Fund (RDIF), Russia’s Basic Element and Singapore’s Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Goldman Sachs Wants to Be the King of Outsourced CIOs

The outsourced chief investment officer (OCIO) industry has grown quickly over the past five years. Both traditional investment consultants, niche boutiques, non-profit companies and asset managers have launched OCIO services. 2015 was the beginning of industry consolidation in world of OCIO, as larger, well-resourced firms devoured smaller boutiques. For example, in April 2015, Goldman Sachs […]

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SWFI First Read, February 21, 2017

SOURCES: China NSSF Has an Annual Average Investment Yield of 8.4% Since Inception China’s National Council for Social Security Fund (NSSF) has an annual average investment yield of 8.4% in the 16 years since it was founded. This is according to local Chinese news reports from an official of the organization. The news sources report […]

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  • Goldman Sachs Wants to Be the King of Outsourced CIOs

    The outsourced chief investment officer (OCIO) industry has grown quickly over the past five years. Both traditional investment consultants,...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    CPPIB Takes 24.5% Stake in Houston Office Portfolio

    The Canada Pension Plan Investment Board (CPPIB) is part of a group of investors that formed a joint venture to own the Greenway Portfolio, a 52-acre master-planned, mixed-use complex with 11 office buildings, totalling approximately 4.9 million square feet in office space. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


    Sovereign Wealth Capital Invests in PhosAgro

    The Russian Direct Investment Fund (RDIF) helped organize a group of investors to participate in the secondary offering of PJSC PhosAgro, a vertically-integrated producer of mineral fertilizers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    KIA

    KIA Managing Director Reported Stepping Down

    Both Kuwait and global news sources are reporting that Bader Mohammad Al-Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), is stepping down from his position, but will remain on the board at KIA. Bader Mohammad Al-Sa’ad was ranked #7 on the inaugural Public Investor 100 in 2013. [ Content protected for Sovereign Wealth Fund […]


    turkey

    Hydropower Plants Next for Turkish SWF

    The Turkish government seems to be moving more state-owned properties and assets into its new wealth fund, Turkey Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    NSSF

    Ghana Infrastructure Investment Fund Inks Partnership Agreement With Ithmar Capital

    The Ghana Infrastructure Investment Fund (GIIF), one of Ghana’s sovereign funds, and Morocco’s Ithmar Capital, are looking to work together on potential co-investment opportunities within Africa. The two parties signed a strategic partnership agreement. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Cityhold Office Partnership Sells Paddington Central Office to CC Land Holdings

    Hong Kong-based CC Land Holdings Limited, an investment vehicle owned by Cheung Chung-Kiu, acquired a London office building for £292 million from the Cityhold Office Partnership. The Cityhold Office Partnership is a real estate joint venture between Sweden’s AP1 and AP2. TIAA is also part of the partnership and manages it through its property unit […]


    Welcome to San Francisco, Temasek Holdings

    Temasek goes bi-coastal, as the wealth investor is poised to increased investment in U.S. companies. Singapore’s Temasek Holdings has opened their second U.S. office in San Francisco. The first U.S. office was opened in New York City in June 2014. Temasek is joining it sovereign wealth peers, Malaysia’s Khazanah Nasional and GIC, in having a […]


    SWFI First Read, February 17, 2017

    HNA Group Buys Small Stake in Deutsche Bank China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank. GIC Sold Some Shares in CGN Power Co., Ltd Singapore’s GIC Private Limited lowered […]


    Follow the Money – Episode 32

    This episode was recorded on February 15, 2017. Rachel and I break into chatting about the SoftBank/Fortress Investment Group transaction. Rachel reports on VietJet, while I discuss direct wealth fund deals into mainland China. We dive into emerging market deals in countries such as Brazil and India. I talk about direct deals and the headaches […]


    Nigerian Sovereign Wealth Gets $250 Million from ECA

    Nigeria’s National Economic Council (NEC) has approved a fresh capital injection of US$ 250 million into the country’s sovereign wealth fund – Nigeria Sovereign Investment Authority (NSIA). The money is coming from Nigeria’s Excess Crude Account. At July 20, 2016, the excess crude account had US$ 3.93 billion in assets. In total, Nigerian President Muhammadu […]


    SWFI First Read, February 16, 2017

    ADIA and CDPQ Eye Autostrade Investment Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia. Mubadala Investment Company […]


    Government Proposes Norway Wealth Fund Equity Shift

    Reported in December 2016 by SWFI, Norway’s Government Pension Fund Global (GPFG), appears to be moving forward on a plan to increase allocation to listed equities. On February 16, 2017, the Norwegian government has officially proposed the changes in allocation and oil rule for the wealth fund. The wealth fund could see its total allocation […]


    SWFI – Movers and Shakers – February 16, 2017

    Gramercy Funds Management Hires Former Co-Head of Emerging Markets Structured Credit Trading at Deutsche Bank Bradshaw McKee was hired as Managing Director, Capital Solutions and Distressed Portfolio Manager in Emerging Markets at Connecticut-based Gramercy Funds Management. This is a new position and McKee will report to Robert Koenigsberger, Managing Partner and Chief Investment Officer at […]


    Could SoftBank Challenge the Dominance of Blackstone?

    Japan’s SoftBank Group Corporation has agreed to buy New York-based Fortress Investment Group LLC for approximately US$ 3.3 billion in cash in a bid to further cement the firm’s ascension into the lucrative world of money management. Fees are the revenue drivers for investment managers. The deal worked out that SoftBank would pay US$ 8.08 […]


    Is Singapore’s GIC Slowly Backing Away from Sinotrans?

    Beijing-based Sinotrans Limited is one of the largest logistics firms in China, founded in 2002. The majority shareholder of Sinotrans Limited, which is listed on the Hong Kong Stock Exchange, is Sinotrans & CSC Holdings Co., Ltd (controlling 53.44% as of December 31, 2015). Sinotrans & CSC Holdings Co., Ltd., China’s second biggest shipping company […]


    China-Russia Tongjiang Rail Bridge Back on Track

    The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Investment Staff Exodus at South Korea’s NPS

    South Korea’s National Pension Service (NPS) is experiencing a number of key employee departures within the organization’s investment management department. Sang-Hyun Yoo, the Head of the Global Alternative Investment Division at NPS, has exited the firm. Kyung-Jik Lee, head of NPS’s global public market investment division, has left as well. Kyung-Jik Lee is heading over […]


    SWFI First Read, February 14, 2017

    U.S. Senate Confirms Mnuchin for Treasury Secretary In a 53 to 47 vote that was mostly along party lines, the U.S. Senate has confirmed Steven Mnuchin for U.S. Treasury Secretary. Mnuchin was CEO of OneWest Bank, the entity that acquired IndyMac. Nordea Gets Political Over Dakota Access Pipeline Nordea has decided to divest from bonds […]


    The Canadians Are Building a National Infrastructure Bank

    In November 2016, Canadian Finance Minister Bill Morneau stood up in the House of Commons and announced plans to create a new infrastructure bank, a Canada Infrastructure Bank, for the country. Building infrastructure and creating jobs are popular themes that resonate with many voters in Western countries. Tapping on wealth fund, pension and infrastructure asset […]


    Can Mubadala Rejuvenate Brazil’s Invepar?

    Brazil, Latin America’s biggest economy, is facing its toughest recession in decades amid a earth-shattering political crisis that linked government officials with state-owned companies. Making matters worse for the Brazilian economy is that borrowing costs had surged, while deal execution risk has increased. In February, state-controlled oil giant Petróleo Brasileiro SA (Petrobras) had its sale […]


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