25th May, 2022
India is set for another injection of sovereign capital in its fast-growing renewable energy sector with new pledges of investment by Canadian, Middle Eastern and Singaporean funds.
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15th April, 2022
This week the Indonesia Investment Authority (known as INA) signed two agreements to invest US$ 2.7 billion in three parts of the Trans-Sumatra toll-road as well as in two parts of the Trans-Java toll-road. When finished, the former will cover 2,818 km across the Western island while the latter will be smaller at 1,167 km and will link the country’s (current) capital city, Jakarta. The total cost of both projects is estimated at over US$ 40 billion.
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16th February, 2022
Sovereign wealth funds and public pension funds are playing a major role in India’s ambition to increase renewables to 50% of electricity generation by 2030.
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6th July, 2021
Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund – this year has been scuppered due to lower-than-expected revenue from tax on excess profits on gas and other natural resources. The Middle Eastern state’s experience underscores the challenges faced by governments seeking to leverage excesses of commodity revenues or foreign exchange reserves to establish an SWF.
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19th May, 2021
Better known for buying chunky real assets in infrastructure and real estate, India’s National Investment and Infrastructure Fund (NIIF) is marking its first foray into start-ups with plans to acquire a US$150-200 million stake in children’s clothing e-commerce unicorn FirstCry.
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16th April, 2021
Bangladesh is following a growing trend of quasi-SWF infra funds with the launch this week of the Bangladesh Infrastructure Development Fund (BIDF), using a foreign exchange windfall. Yet, the BIDF carries the risk of potentially risky FX reserve depletion and the build-up of a bad loan portfolio that could ultimately undermine its purpose.
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31st March, 2021
India’s quasi-SWF, the National Investment and Infrastructure Fund, has sprung a surprise with a new venture into healthcare.
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30th March, 2021
After his first year at the helm, Ontario Teachers Pension Plan CEO Jo Taylor must be heaving a sigh of relief. Rising above the impact of the pandemic, the C$221.2 billion (US$173 billion) public pension fund posted an 8.6% annual return in 2020 with the performance of its equity investments more than offsetting disappointing results in real estate.
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11th March, 2021
Outstanding payments to solar power generation companies (gencos) by cash-strapped distribution companies (discoms) in India is set to erode the foreign investor confidence in the sector – and will potentially hit the earnings of foreign state-owned investors.
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8th March, 2021
Canadian public pension fund Caisse de dépôt et placement du Québec (CDPQ) has partnered with Dubai’s DP World to back a container port and logistics park in East Java.
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11th February, 2021
India’s National Investment and Infrastructure Fund (NIIF) is close to achieving its US$1 billion target for its Fund of Funds following a US$100 million investment by the BRICS-backed multilateral development bank, New Development Bank (NDB).
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2nd February, 2021
Investment in Indian highways could accelerate in 2021 following a year of stalling activity among state-owned investors, in the wake of the Covid-19 pandemic.
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