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CDPQ and SWF-Backed Cube Highways Drive Towards US$1.2bn Indian Highways Bid

20th February, 2024

Indian highways could receive another capital boost from Canada, despite the geopolitical ructions between Delhi and Ottawa, with CDPQ among those expressing interest in acquiring a roads portfolio from India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF).

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Mubadala Set to Sell Brazilian Refinery and Eyes Biofuels Venture

15th February, 2024

Mubadala is set to sell its refinery in Mataripe, which represents 10% of Brazil’s total oil refining capacity, back to Petrobras by mid-year as part of a broader initiative that will see the Abu Dhabi sovereign wealth fund partner the national oil company on biofuel projects.

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Abu Dhabi Gets Serious About CFIUS Risks

12th February, 2024

The decision by Mubadala-backed AI investor G42 to pull out from China reveals a growing wariness about upsetting US regulators, following  Committee on Foreign Investment in the United States’ (CFIUS) decision last year to put the Abu Dhabi sovereign wealth fund’s takeover of US asset manager Fortress Investment Group under the spotlight.

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Temasek's Exits Free Capital to Support Three-Year, US$10bn India Surge

5th February, 2024

Temasek has exited Indian insurtech pioneer Policybazaar and sold a minority stake in Manipal Hospitals, but remains committed to India and is set to recycle the capital into new ventures.

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APG is the Latest to Leave Beijing

23rd January, 2024

The Netherlands’ civil service pension fund manager APG has shut down its Beijing office due to a lack of interest among its clients, following the decision four months ago by the world’s biggest sovereign wealth fund, Norges Bank (NBIM) to end operations in Shanghai.

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Oman’s OIA Follows Gulf Peers with Egyptian Banking Bid

9th January, 2024

The Oman Investment Authority (OIA) is reportedly in negotiations with the Egyptian government to acquire a majority stake in the Export Development Bank of Egypt (EBank) as it heads for an IPO.

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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.

Announcing 2024 Annual Report and Presentation

15th December, 2023

On Monday, January 1, 2024, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2023. The report is titled “State-Owned Investors Powering Through Crises” and includes the following sections:

Mubadala Outlines Its Future Priorities: Asia and US, Fossil Fuels and Renewables

7th December, 2023

While Abu Dhabi sovereign wealth fund Mubadala will continue to maintain a strong foothold in the US, it is set to expand investments in emerging markets with Asia and MENA an increasing focus – while it also continues investing in both upstream fossil fuels and renewable energy.

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Gaza Conflict Poses Challenges for UAE's post-Abraham Accord Investments

27th November, 2023

Just a month before the Hamas attacks of October 7th, the UAE marked the third anniversary of its normalization of ties with Israel – now geopolitical risk is creating obstacles to developing bilateral economic relations.

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Mubadala Swings Behind Real Estate Lending in Aggressive Private Credit Strategy

22nd November, 2023

Abu Dhabi’s Mubadala has made another big move into private debt markets by anchoring a new special situations fund, Starz Orion Capital, which has been launched by Starz Real Estate (Starz), a leading pan-European commercial real estate lending platform.

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CDPQ Joins Surge of Sovereign Investor Commitments to Brazil

21st November, 2023

Canadian public pension fund manager CDPQ is preparing to deploy up to C$5 billion (US$3.6 billion) in capital to Brazil over 2024-27, on top of around C$8 billion (US$5.8 billion) already invested in the country since it started buying Brazilian assets in 2006.

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