8th February, 2021
Self-driving car startups are turning to state-owned investors for capital as they drive past unicorn as the pandemic accelerates the adoption of autonomous transportation technologies. Altogether, state-owned investors have deployed more than US$3.5 billion of capital into autonomous transportation solutions, from robotaxis to food delivery.
Subscriber Post
5th February, 2021
Today’s block-busting IPO by Kuaishou in Hong Kong saw market cap of the Chinese viral video app reach US$180bn, and increasing the value of Temasek’s initial investment in the TikTok rival by 6.3 times within almost 14 months, according to Global SWF estimates.
Subscriber Post
4th February, 2021
State-owned investors in Australian regional electricity transmission company Transgrid and could suffer a financial short-circuit after the Australian Energy Market Commission (AEMC) issued a draft ruling against its bid to secure a faster recovery of revenue for large capital investments.
Subscriber Post
3rd February, 2021
The Kuwaiti government has sold its last performing assets to the Kuwait Investment Authority (KIA) in a bid to bridge its yawning budget deficit as it struggles to pay its bills, but the ongoing fiscal problems and political resistance from parliament pose a challenge to the KIA's future.
Subscriber Post
2nd February, 2021
Investment in Indian highways could accelerate in 2021 following a year of stalling activity among state-owned investors, in the wake of the Covid-19 pandemic.
Subscriber Post
1st February, 2021
In December 2020, NIIFL announced that it had officially closed the Master Fund, which is focused on Indian core infrastructure, with USD 2.34 billion in commitments, including two SWFs (ADIA, Temasek), four PPFs (AustralianSuper, CPP, OTPP and PSP), US DFC and a number of domestic investors such as ICICI Bank, HDFC Group, Axis Bank and Kotak Mahindra Life Insurance. The institution is now fundraising for a Strategic Opportunities Fund (direct private equity) and a Fund of Funds, targeting a total to US$ 6 billion AuM. NIIFL is now regarded as a success story that focuses on two critical assets for the country – private equity and infrastructure – with governments around the world keen to emulate the model. We had the pleasure to catch up with its Head of Investor Relations & Partnerships, Ms. Saloni Jhaveri.