SWFI First Read, September 25, 2017

Hellman & Friedman Pole for Nets A/S with GIC Help Private equity firm Hellman & Friedman LLC is nearing a deal, partnering with GIC Private Limited, to acquire Copenhagen-based Nets A/S, the biggest payment processor in the Nordic region, in a 31.1 billion DKK buyout. Some of Nets largest shareholders are private equity firms Bain […]

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FCA Refers Investment Consulting Concentration Issue to Competition and Markets Authority

In September, the U.K. Financial Conduct Authority (FCA) formally reached out to the Competition and Markets Authority (a U.K. anti-trust body), through the market investigation reference mechanism, regarding concerns of over concentration in the investment consulting industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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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. ]

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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. ]

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QIA Seeks Buyer for Canary Wharf Office Building

The Qatar Investment Authority (QIA), through examining its large property holdings in London, is looking to sell its office building in Canary Wharf. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Korean Public Funds Funnel Money into U.S. Logistics

Korean financial institutions, through Mirae Asset Global Investments Co. Ltd. committed 54 billion KRW (US$ 48 million) in mezzanine debt that is securing two warehouses in Florida and Massachusetts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC Invests in Sheraton Grande Tokyo Bay Hotel

Singapore’s GIC Private Limited formed a joint venture with the Invincible Investment Corporation, a public hotel and residential J-REIT, to acquire the Sheraton Grande Tokyo Bay Hotel for 100 billion JPY (US$ 895,628,000). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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  • Korean Public Funds Funnel Money into U.S. Logistics

    Korean financial institutions, through Mirae Asset Global Investments Co. Ltd. committed 54 billion KRW (US$ 48 million) in mezzanine...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    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. ]


    BNY Mellon Manhattan

    BNY Mellon Sells CenterSquare Investment Management to Lovell Minnick

    BNY Mellon Investment Management, a unit of BNY Mellon, has inked a definitive agreement to sell the business of real assets investment boutique CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    HKMA Exchange Fund Permits Infrastructure Allocation

    The Hong Kong Monetary Authority, through its massive Exchange Fund, plans to invest in infrastructure. [ 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. ]


    FSDEA Reaches Profitability, Assets Grow in 2016

    Fundo Soberano de Angola (FSDEA) released its audited financial for the latest fiscal year 2016. FSDEA revealed that total assets grew to US$ 4.99 billion from US$ 4.75 billion in 2015. In addition, FSDEA’s investment portfolio was heavily weighted at 58% toward sub-Saharan Africa. The fund generated US$ 44 million in income, reaching profitability for […]


    private equity

    Temasek Holdings Invests in Taiwan Electric Scooter Company Gogoro

    A Taiwanese electric scooter manufacturer called Gogoro Inc. raised US$ 300 million from a group of investors including Singapore’s Temasek Holdings, Engie SA, Sumitomo Corporation and Generation Investment Management (an investment management firm co-founded by former U.S. Vice President Al Gore). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


    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. ]


    SWFI First Read, September 19, 2017

    Qatar Government Continues to Pump Money into Domestic Banking [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    factor investing growth

    APG Allocates to Chinese A-Shares with ESG Focus

    APG Asset Management committed €250 million toward a China A-shares strategy with a focus on environmental, social and governance (ESG) criteria. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Nor Mohamed Yakcop to Exit Board of Directors at Khazanah

    Nor Mohamed Yakcop, Deputy Chairman of Khazanah Nasional Berhad, plans to exit the board of directors, effective September 30, 2017. Yakcop served on Khazanah’s board for 15 years. He was the longest serving board member at the wealth fund and the only deputy chairman in the fund’s history. On August 6, 2017, Nor Mohamed Yakcop […]


    Yngve Slyngstad

    Norway’s SWF Touches a Trillion USD in Assets

    UPDATED – September 17, 2017 The wealth fund’s administrators said the fund officially hit US$ 1 trillion on September 19, 2017 at 2:01 a.m. local time. “I don’t think anyone expected the fund to ever reach 1 trillion dollars when the first transfer of oil revenue was made in May 1996. Reaching 1 trillion dollars […]


    sovereign wealth india

    Temasek Buys True North Stake in Manipal Health

    Singapore’s Temasek Holdings moved to purchase a Rs 1,000 crore stake in Bengaluru-based Manipal Health Enterprises Private Limited, a private healthcare network. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, September 18, 2017

    Duqm Solar Power Plants Eyes Start Before 2017 Ends The US$ 94 million solar power plant project in Duqm will start construction before the end of 2017. The project is funded by Oman Investment Fund (OIF) and Ningxia Zhongke Jiaye New Energy and Technology Management Co. OIF has a 49% stake in the project. SoftBank […]


    EQT Infrastructure and Temasek Link Up to Identify Deals

    Singapore’s Temasek Holdings and EQT Infrastructure, a unit of EQT Partners are teaming up capital-wise and for information sharing. [ 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. ]


    SWFI First Read, September 16, 2017

    Angola SWF Commits to Farmland Investment in Cacuso [ 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 […]


    China Life Co-Leads Series A Round in Shanghai United Imaging Healthcare

    Shanghai United Imaging Healthcare, a Chinese maker of medical imaging equipment, has raised around $500 million in Series A funding. SDIC Fund Management Co., Ltd, a unit owned by State Development & Investment Corporation (SDIC), and China Life Insurance Company Limited led the Series A round. Other investors in the round include Capital Venture Investment […]


    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. ]


    KIC Officially Opens Singapore Office, Eyes Southeast Asia, India and Australia

    The Korea Investment Corporation (KIC) opened its Singapore branch office, located at Asia Square Tower. Guests for the inaugural opening include Singaporean government leaders, sovereign funds, and asset managers. KIC plans to invest more into real estate, infrastructure and other alternatives in markets such as Southeast Asia, India, Oceania and Australia. Some guests include: Lawrence […]


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