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Lucid Clouds PIF's 2022 Performance, But There Is A Silver Lining

29th December, 2022

The final quarter of 2022 was hugely disappointing for PIF’s US public equity holdings with the diving value of Lucid Motor’s stock wiping US$7.4 billion off the value of the stockholding, representing 1.2% of the Saudi sovereign fund’s AUM.

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PGGM Partners Up with DIF for its Third Big European Utilities Deal of 2022

28th December, 2022

A 50% stake in French water utility company Saur is set to be acquired by a consortium formed of Dutch public pension fund PGGM and DIF Capital Partners.

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OMERS and ADIA on Track to Take Control of Europe's Leading Railcar Lessor

27th December, 2022

The infrastructure arm of one of Canada’s leading public pension funds, OMERS, has raised its stake in Europe’s leading freight railcar lessor in a clear move to bolster its strong position in European transport infrastructure.

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Announcing 2023 Annual Report

26th December, 2022

Next Sunday, January 1, 2023, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2022. The report is titled “State-Owned Investors in a Multipolar World” and includes the following sections:

Mubadala Offloads Oil Producer In Favour of Private Equity

23rd December, 2022

Mubadala is ending the year with the sale of one of its longest-held and biggest assets, a 25% stake in Austria-based oil producer OMV, as it continues its post-merger portfolio rebalancing.

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Oman’s SWF is Picking up the Pace with US$5bn of investment planned for 2023

20th December, 2022

The Oman Investment Authority (OIA) is planning US$5 billion of investments in 2023 alone, funded in part from divestment of eight assets, according to reports in the state media.

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Mubadala Capital Furthers its Ambition as a GP with Ardian Tie-Up

16th December, 2022

The venture capital arm of Mubadala has forged a US$2.1 billion private equity partnership with Ardian, which will see the French investment house provide capital in a portfolio of assets and funds managed by the Abu Dhabi sovereign fund.

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Saudi Arabia and Abu Dhabi Back Europe's Low Carbon Transition

14th December, 2022

PIF has joined Mubadala in investing in German offshore wind developer Skyborn Renewables, alongside Global Infrastructure Partners.

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PIF Presses Further into Egypt's Troubled Economy

12th December, 2022

The Saudi Public Investment Fund (PIF) is continuing its advance into Egypt’s troubled economy with reports that it is preparing to acquire The United Bank for US$600 million.

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Denmark Gives a Boost to Indonesia’s Green Ambitions

9th December, 2022

The Indonesia Investment Authority’s (INA) push for a green energy transition has won the backing of the Danish government’s Investment Fund for Developing Countries (IFU) with the signing of an Investment Framework Agreement (IFA) for up to US$500 million in co-investments in renewable energy, water, waste management, and other circular opportunities.

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NIIF Seeks to Pilot Indian Airports Projects

7th December, 2022

India’s National Investment and Infrastructure Fund (NIIF) has made another bid to invest in the country’s airport infrastructure by teaming up with GMR Airports Limited (GAL) to take stakes in airport projects.

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Australia Presses Forward with Super Fund Consolidation

5th December, 2022

Australian super fund HESTA has boosted its AUM to nearly A$70 billion (US$57 billion) with more than 970,000 members following its merger with the smaller, 60-year-old Brisbane-based Mercy Super fund, which has 13,000 members.

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