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The Great Escape: CIC Sells London Property at a Loss

30th March, 2023

The China Investment Corporation (CIC) has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.

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State Investors Cash In Stockholdings for Infrastructure

29th March, 2023

March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.

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Egypt’s SWF Launches Strategic Innovation District

29th March, 2023

The Sovereign Fund of Egypt (TSFE) is launching an innovation district in the Ministry of Interior’s former headquarters in Lazoghli in Cairo.

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Singaporean State Investors Boost Australian Decarbonization

27th March, 2023

Singapore’s GIC and Temasek have taken the unusual step of combining forces to back the take-over of Australia’s largest integrated power generator and energy retailer, with a view to supporting the country’s net zero goals.

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Canada's AIMCo Breaks the Mold With Abu Dhabi Office Plans

24th March, 2023

Canada’s US$129 billion Alberta Investment Management Corporation (AIMCo) is planning a push into the Middle East with a potential new office in Abu Dhabi.

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Norway’s Sovereign Wealth Colossus Makes Its Third Big Renewables Acquisition

23rd March, 2023

Norway’s US$1.3 trillion Government Pension Fund Global – overseen by Norges Bank Investment Management (NBIM) – has made a third weighty investment in European renewable energy with the acquisition of a 16.6% in He Dreiht, a 960MW offshore wind project in the German North Sea, for EUR430 million (US$468 million).

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Mubadala Ramps Up Private Credit Exposure

22nd March, 2023

Abu Dhabi sovereign wealth fund Mubadala is accelerating its private credit strategy with a joint venture with Ares to invest in global credit markets.

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Khazanah Boosts Profits, But Still Faces Headwinds and Further Restructuring

21st March, 2023

Malaysian sovereign wealth fund Khazanah attained a MYR1.6 billion (US$360 million) operational profit in 2022, but its net asset value fell 5% to MYR81 billion due to global economic headwinds.

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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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OTPP Follows OMERS With Strong Return in Hostile Markets

17th March, 2023

The Ontario Teachers Pension Plan (OTPP) followed its provincial stablemate OMERS in reporting a benchmark-beating positive return in 2022, defying the trends seen elsewhere in the sovereign investor universe.

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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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PIF Leverages Portfolio Companies to Crowd In Saudi Private Sector Activity

15th March, 2023

Saudi Arabia’s private markets are set to receive a boost from the Kingdom’s sovereign wealth fund, with plans designed to increase the role of the domestic private sector from 40% to 65% of GDP by 2030.

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