5th December, 2023
The US$46.5 billion Swedish public pension fund AP3 has followed many other peers in forging an alliance for private equity co-investments, working with Wafra, a New York-based subsidiary of Kuwait’s public pension fund, the Public Institution for Social Security (PIFSS).
Subscriber Post
2nd October, 2023
Aliah Al Tameemi, the Head of Alternatives of the Kuwait Investment Authority (KIA), has been replaced by Salah Al Muraikhi, a Director of the Hedge Funds program. This represents the latest move among the sovereign wealth fund’s executive management, which has seen 70% of its members (including all heads of investment) change in the past 15 months.
Subscriber Post
25th August, 2023
The Kuwaiti government’s decision to transfer KWD2.5 billion (US$8.1 billion) of landholdings to the country’s social security fund, instead of its sovereign wealth fund, comes amid long-standing political disputes over the direction of the US$801 billion Kuwait Investment Authority (KIA), one of the world’s biggest and oldest SWFs.
Subscriber Post
17th August, 2023
On Wednesday, the Kuwait Investment Authority (KIA) appointed Abdulmohsin Al Mukhaizeem as permanent President and Chief Executive Officer for its London branch, the Kuwait Investment Office (KIO).
Subscriber Post
13th October, 2022
Capital Constellation, managed by Kuwait’s Wafra, has won a new partner in Canada Pension Plan Investment Board (CPP), which joins an array of state-owned investors backing the private equity platform.
Subscriber Post
26th September, 2022
The C-suite churn in sovereign investors has shown no sign of abating this year with a total of 16 new CEOs to date, compared to 20 in the whole of 2021.
Subscriber Post
1st February, 2022
Wafra (Arabic for “abundance”, and the southernmost area in Kuwait) was established by the PIFSS over three decades ago and today invests on behalf of PIFSS and asset owners around the world. In 2018, it rocketed to new heights with the launch of Capital Constellation, an innovative JV among leading institutional asset owners across Europe, North America, and the Middle East. We had the immense pleasure of catching up with Daniel Adamson, SMD of Wafra Inc. and President of Capital Constellation.
8th December, 2021
The six countries of the Gulf Cooperation Council (GCC) are home to fewer than 60 million people, of whom only 29 million are nationals entitled to pension benefits. However, the pool of pension capital has been increasing steadily and can no longer be ignored. Global SWF estimates that the 10 PPFs from the region now manage US$ 502 billion, a 25% more than six years ago.
Subscriber Post