Northvolt is Lightning Rod for Battery Investment by Public Pension Funds

20th June, 2023

The Investment Management Corporation of Ontario (IMCO) announced today that it is piling US$400 million into Sweden-based Northvolt, joining a raft of other public pension funds including provincial stablemate OMERS that have invested in the battery manufacturing giant.

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Multi-Billion Dollar Climate Funds Pick Up the Pace Thanks to Sovereign Capital

8th June, 2023

A slew of public pension fund giants have swung their weight behind Just Climate’s Climate Assets Fund I (CAF1), which has exceeded its US$1 billion target by 50% and marks the latest of several sovereign-backed billion-plus funds.

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PIF Snaps up Four Saudi Football Clubs, Ahead of Potential 2030 World Cup Bid

5th June, 2023

In an unprecedented move, Saudi Arabia’s Public Investment Fund (PIF) has taken 75% stakes in four of the Kingdom’s leading football clubs as the country prepares to host the 2027 Asian Cup – and potentially the 2030 FIFA World Cup.

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Saudi Arabia's Sovereign Fund Helps Assert Soft Power in Iraq

25th May, 2023

Iraq is the latest target for Saudi Arabia’s sovereign wealth fund as it seeks to spread its investments – and soft power – over the Middle East through bilateral investment vehicles.

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PIF Reverses Public Equity Losses in Q1, But Lucid Remains a Drag

16th May, 2023

Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.

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Son’s Sun Sets on Tech Vision for PIF and Mubadala

11th May, 2023

Sovereign wealth funds of Saudi Arabia and Abu Dhabi - the Public Investment Fund (PIF) and Mubadala – continue to be major losers of Masayoshi Son’s Vision Fund gambles on tech venture capital.

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Steely Chinese Backing for Saudi PIF-Led Industrialization Push

2nd May, 2023

Saudi Arabia’s US$730 billion Public Investment Fund (PIF) has won backing from leading Chinese steel corporation Baoshan Iron & Steel (Baosteel) to establish the Kingdom’s first integrated steel plate manufacturing plant – and the fund is creating possibilities in green steelmaking through new partnerships.

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PIF Boosted to US$730bn As Its VC Arm Takes Aramco Stake

17th April, 2023

Saudi Arabia’s Public Investment Fund continues its rapid ascent with total assets under management estimated at US$730 billion, following the transfer of a 4% stake in the oil giant Saudi Aramco to the sovereign wealth fund’s wholly owned subsidiary, Sanabil Investments.

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Saudi Arabia Takes Gaming Seriously with Massive Acquisition

6th April, 2023

Savvy Games, a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), continues its focus on the gaming industry with a US$4.9 billion takeover of Scopely, which owns several popular franchises.

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Israel’s New SWF Struggles to Meet AUM Target, But Reports Strong Yield

5th April, 2023

Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.

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PIF Boosts Saudi Home Ownership

20th March, 2023

Saudi real estate has received a US$1.5 billion boost from the Saudi Real Estate Refinance Company (SRC), the debt platform established by the Kingdom’s sovereign wealth fund in February 2018 to accelerate economic diversification.

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Sovereign Investors Hit By Banking Stocks Turmoil

16th March, 2023

The sovereign investor universe is being pummelled by the turmoil in the trade of banking stocks on global markets, revealing yet again doubts over strategy that had previously been highlighted in crypto-related investments.

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