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Tide Turns In Favor of Hospitality: State Investors Rush to the Resorts

16th June, 2023

The post-Covid revival in tourism is encouraging a tide of sovereign fund investment in hotel and leisure, with a focus on Europe and a significant shift towards large-scale resorts.

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AIMCo poaches Kevin Bong of GIC to Lead its Singapore Office

31st May, 2023

On Tuesday evening, AIMCo announced its first hire in Singapore – and to the surprise of many, it came from the global leadership group of GIC, the flagship Sovereign Wealth Fund of the island-nation.

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Dutch Funds Help Diversify Australian Student Accommodation Platform into Multi-Family Venture

30th May, 2023

The Netherlands’ public pension fund managers APG and Bouwinvest have swung their weight behind an Australian build-to-rent (BTR) partnership with student accommodation leader Scape Australia founders, Stephen Gaitanos and Craig Carracher.

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GIC Pumps More Capital Into Its Indian Real Estate Portfolio

19th May, 2023

Indian real estate is a hot target for Singapore’s sovereign wealth fund GIC, which this week signed a US$1.4 billion 50:50 joint venture with Brookfield India REIT (BIRET) to two large commercial office assets in Mumbai and Gurugram – hailed by the fund as “the first-of-its-kind partnership In India between a listed REIT and a global institutional investor.”

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Electrification of European Rail Boosted by Sovereign Funds

4th May, 2023

Singaporean sovereign wealth fund GIC has joined Canadian, Dutch and Abu Dhabi peers in Europe’s expansion of electric railways, a growth area that is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains.

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GIC Finds Shelter From Stagflation in Tailwinds of Digital Economy and Renewables Growth

28th April, 2023

Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.

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State Investors Radically Pare Back Chinese Equity Positions Due to Risk Concerns

20th April, 2023

State-owned investors (SOIs) are dumping their Shanghai-listed A-Shares and rapidly reducing their exposure to Chinese public markets amid rising geopolitical risks and market uncertainty.

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Abu Dhabi and Canada Funds Help Drive Indian Road Expansion

19th April, 2023

A leading Indian infrastructure investment trust, Cube Highways Trust, has won the backing of Canadian public pension fund British Columbia Investment Management Corporation (BCI) and Abu Dhabi’s sovereign investor Mubadala as anchor investors in its INR52.2 billion (US$630 million) listing.

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ADIA Presses Ahead with Multi-Billion Take-Private Strategy

14th April, 2023

Sovereign wealth funds have been prominent buyers in listed companies going private in recent months, and yet another big deal is on the horizon: a proposed GBP4.6 billion (US$5.7 billion) takeover of Dechra Pharmaceuticals by the Abu Dhabi Investment Authority (ADIA) and Swedish private equity firm EQT.

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State Investors Cash In Stockholdings for Infrastructure

29th March, 2023

March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.

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Singaporean State Investors Boost Australian Decarbonization

27th March, 2023

Singapore’s GIC and Temasek have taken the unusual step of combining forces to back the take-over of Australia’s largest integrated power generator and energy retailer, with a view to supporting the country’s net zero goals.

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Indian Renewables Receives Canadian Boost, Despite Rocky Ride

7th March, 2023

Canada’s biggest public pension fund CPP Investments has boosted its exposure to India’s burgeoning renewables sector with the acquisition of Goldman Sachs’ stake in ReNew Power for US$268 million.

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