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OMERS Joins SOIs in Backing Indian Renewables, But is India Lagging?

2nd August, 2021

The infrastructure arm of Ontario’s public employees pension fund OMERS has taken a chunk of Indian renewables producer Azure Power, which is majority owned by Québec’s CDPQ. Yet, Global SWF research finds that state-owned investors are increasingly reticent about risks in the Indian renewables market, while at the same time they are being lured to developed markets where opportunities are opening up in energy transition.

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Chasing Indian Unicorns

30th July, 2021

Earlier this month, food delivery company Zomato went ahead with its planned IPO in the Bombay Stock Exchange, becoming India’s biggest offering of the year so far. The process was oversubscribed 10.7 times, and the company raised US$ 564 million from 186 anchor investors including ADIA, CPP, GIC and OMERS.

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Sovereign Funds report record performances, AuM nears $30tn

27th July, 2021

Last Friday, GIC reported its best results in a long time, with rolling returns improving significantly and implying an annual yield for FY21 of 37.5%. Yesterday it was BCI who reported a 16.5% (FY ending on March 31) and CalSTRS who announced a record of 27.2% (FY ending on June 30).

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GIC breaks all records in its 40th birthday

25th July, 2021

The Singaporean Sovereign Wealth Fund just released its latest results coinciding with the 40th anniversary since its establishment in May 1981 and has reasons to be very proud.

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GIC-CPP Office Platform Signals Revival of Interest in US Real Estate

14th July, 2021

The US office real estate market has received a US$1 billion boost, supported by Singaporean sovereign wealth fund GIC and Canada’s biggest public pension fund CPP Investments, alongside property developer Boston Properties. GIC has allocated US$500 million to the program, while CPP and Boston Properties have each allocated US$250 million..

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State-Owned Investors Boost Indian E-commerce Leader Flipkart in Multi-Billion Funding Round

12th July, 2021

One of India’s leading e-commerce companies Flipkart has raised US$3.6 billion in a funding round that has attracted the support of an array of state-owned investors, demonstrating the enduring attraction of the country’s digital economy despite a sluggish recovery in household consumption.

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Investment in Healthcare by State Investors Goes Through the Roof

24th June, 2021

The Covid-19 pandemic has prompted a massive shift in capital towards healthcare, with this week seeing Singaporean sovereign wealth fund GIC invest US$180 million in the healthcare business of Malaysia’s Sunway.

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"UK Offers Big Untapped VC Potential for SWFs" - Global SWF CEO Tells UK Parliament

16th June, 2021

State-owned investors overhauled their approach to investment in the UK due to Brexit and the impact of Covid-19, Global SWF CEO Diego López told the UK’s House of Commons Select Committee on International Trade today.

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GIC Boosts Digital Economy Revolution with Massive Data Center Investment Drive

14th June, 2021

As the infrastructure of the digital economy, data centers are proving to be high targets for state-owned investors (SOIs). GIC’s announcement that it is extending its joint venture with Equinix has taken its exposure to the sector to another level, with an additional $3.9 billion pledged for the expansion of its xScale data center portfolio.

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ADIA and GIC: An Evolving Relationship

9th June, 2021

Co-investments by state-owned investors are common, but Abu Dhabi’s ADIA and Singapore’s GIC seem to enjoy something of a special relationship.

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ADIA beefs up its Global Science Lab

7th June, 2021

For the past nine months, ADIA has hired over a dozen of physicians and mathematicians that will be looking at how to integrate machine learning and artificial intelligence into the fund's investment decision process.

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Sovereign Investor Excitement Builds Over Indian Retail and Office Real Estate

3rd June, 2021

India’s retail and office real estate is increasingly attractive to SOIs, just as interest has cooled in European real estate markets. And the punishing impact of the pandemic on the South Asian giant’s economy has not dented enthusiasm for the potentially strong long-term returns from this fast-growing country.

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