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Indonesia is the GoTo for SWF Investment in Tech Startups

11th April, 2022

The market debut of Indonesia’s largest tech company GoTo is an undoubted success, particularly for its backers who include the Abu Dhabi Investment Authority (ADIA) as well as Singapore’s state-owned investors.

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Singapore Central Bank transfers US$ 55 billion, GIC now at US$ 799 billion AuM

8th April, 2022

The Central Bank of Singapore, known as the Monetary Authority of Singapore (MAS) today announced that it has transferred excess foreign reserves of US$ 55 billion to the Government – or, effectively, to the Sovereign Wealth Fund, GIC. The latter now manages assets in excess of US$ 799 billion, according to estimates of Global SWF.

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Movers & Shakers: OMERS faces exodus of Senior Dealmakers

7th April, 2022

For anyone writing to OMERS, getting a bounced email has become standard. In the past two years since covid-19 started, at least 50 senior investment professionals have left Canada’s sixth largest pension fund.

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Diversification: Emirati Funds Back Infrastructure Privatization and Pharma Expansion

6th April, 2022

The UAE’s sovereign wealth funds are playing a key role in the privatization of the federation’s infrastructure, with this week’s IPO of the Dubai Electricity and Water Authority (DEWA) raising AED22.41 billion (US$6.1 billion) on the Dubai Financial Market.

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Future Looks Rosy for Temasek's VC Arm as Vertex Blooms

5th April, 2022

Singaporean investor Temasek’s venture capital arm Vertex Holdings swung from red to black in 2021 with a US$530.8 million net profit from a US$40.4 million net loss in 2020.

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Indonesia Turns to Middle Eastern SWFs to Finance its New Capital Giga-Project

4th April, 2022

SoftBank’s decision to bail on Indonesia’s plans to build a new capital city in East Kalimantan has prompted the country’s sovereign wealth fund to turn to peers in the Middle East for investment in the US$32.5 billion gigaproject.

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Fund of the Month (Apr'22): Kuwait Investment Authority (KIA)

1st April, 2022

Despite popular beliefs, the Kuwait Investment Authority (KIA) has one of the highest proportions of female employees among SWFs, at around 50%. One of the main reasons is its Fresh Graduate Training Program, which has since 1995 attracted the best Kuwaiti talent and supported women’s careers. The program is now headed by Ms. Aliah Al-Tameemi, who is the most senior woman at the fund and the first to be named as an executive director in 2017. She oversees a portfolio estimated at over US$ 100 billion in alternative investments, including real estate, infrastructure, private equity and hedge funds, and is the Chairman of infrastructure-dedicated subsidiary Wren House Infrastructure. We had the great pleasure of talking with Ms. Al-Tameemi about her career path, current responsibilities and future goals as a trailblazer of the SWF industry in the Middle East.