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Sovereign-Backed UK Water Utility Faces Nationalization Amid Crisis

28th March, 2024

The UK’s biggest water utility, Thames Water, which is two-thirds owned by state-owned investors, looks set to be renationalized – at least temporarily – after its shareholders refused to throw it a financial lifeline.

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Ending the Silos: CDPQ Follows OTPP in Integrating Real Estate Subsidiaries

25th January, 2024

CDPQ has made the surprise move of integrating its real estate subsidiaries Ivanhoé Cambridge and Otéra Capital as it rearranges its real estate portfolio and brings it firmly under the ambit of the management, resulting in the departure of Ivanhoé Cambridge’s CEO Natalie Palladitcheff when the consolidation is completed in 18-24 months.

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Water Crisis Does Not Drown Sovereign Investors’ Confidence in UK Infra Assets

3rd January, 2024

The Thames Water debacle has burned the fingers of state-owned investors who had backed the privatized water utility, in the belief infrastructure assets in a stable, well-regulated market like the UK were a safe bet.

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Global SWF's Most-read Commentaries of 2023

29th December, 2023

This year saw Global SWF publish 250 daily articles on the latest developments in the sovereign wealth universe at a time of rising geopolitical tensions, economic slowdown and high inflation.

Canadian Funds Adjust Portfolios With Multi-Billion Divestments in Secondaries

10th November, 2023

Quebec’s public pension fund CDPQ is set to join the federal-level CPP Investments in selling weighty secondary portfolios to free up liquidity towards new priorities.

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Canadian Funds OMERS and BCI Accelerate the Private Credit Bandwagon

29th September, 2023

State-owned investors are betting that tighter bank lending will present new opportunities in private credit, with Canadian funds joining their Middle Eastern and Singaporean peers in backing non-bank lending.

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Fund of the Month (Sep'23): British Columbia Investment MC (BCI)

1st September, 2023

One of the most active Canadian funds this year so far has been BCI, with several high-profile investments and the expansion of its New York and London offices. In addition, the British Columbia fund was one of the top scorers of our GSR scoreboard, with 96%. We had the great pleasure of speaking with Gordon J. Fyfe, CEO & CIO, about BCI’s latest developments.

Thames Water Crisis Plunges Sovereign Investors in Deep Water

28th June, 2023

The biggest crisis in the UK’s utilities sector has engulfed the country’s biggest water firm, Thames Water, and is challenging the consortium of owners to cough up capital to prevent its collapse.

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BCI Notches Up Respectable Returns as it Continues Global Push

27th June, 2023

Canadian provincial pension fund British Columbia Investment Management Corporation (BCI) reported a 3.5% return for FY2022/23 with notably strong performances in infrastructure and emerging markets.

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2023 GSR scoring finalized, report to be issued June 30

19th June, 2023

Since 2020, Global SWF has issued an annual assessment of the efforts of state-owned investors, including sovereign wealth funds and public pension funds, around governance, sustainability, and resilience (GSR).

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Sovereign Funds Safe from English Water Renationalization, Despite Public Anger

6th June, 2023

The ongoing public unease over sewage pollution in Britain’s rivers is fuelling calls for renationalization of the country’s water utilities, challenging the interests of Asian sovereign wealth funds and Canadian public pension funds.

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Canadians Funnel More Capital Into Indian Investment Trusts

26th April, 2023

Canadian public pension funds are planning to funnel US$1 billion of fresh capital into infrastructure investment trusts (InvITs) focusing on renewables and roads.

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