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World’s Biggest SWF to Consider Private Equity, But Don’t Hold Your Breath

12th April, 2023

Norway’s US$1.35 trillion sovereign wealth fund, the Government Pension Fund Global, could start investing in private equity, potentially funneling billions into the asset class - but even if Norges Bank Investment Management (NBIM) agrees to a government request to examine "various aspects of unlisted equities”, any deployment is likely to be gradual and conservative.

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Temasek Boosts Indian Healthcare, Buying Out NIIF's Stake in Hospital Chain

11th April, 2023

Singapore’s US$298 billion sovereign wealth fund Temasek is making an aggressive push into India’s rapidly growing health sector by bumping up its stake in Manipal Health Enterprises from 18% to 59%.

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Saudi Arabia Takes Gaming Seriously with Massive Acquisition

6th April, 2023

Savvy Games, a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), continues its focus on the gaming industry with a US$4.9 billion takeover of Scopely, which owns several popular franchises.

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Israel’s New SWF Struggles to Meet AUM Target, But Reports Strong Yield

5th April, 2023

Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.

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Nigeria's Sovereign Fund Expands in Challenging Times

4th April, 2023

The Nigeria Sovereign Investment Authority (NSIA) has reported a 10th consecutive year of growth – as Aminu Umar-Sadiq took up the sovereign wealth fund’s leadership.

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Turkish Sovereign Fund Capitalizes Banks Ahead of Elections

3rd April, 2023

Turkiye's sovereign wealth fund has injected TRL111.7 billion (US$5.8 billion) of capital into three state-owned banks - Ziraat, Vakıfbank and Halkbank - ahead of the May elections to boost lending, and generate economic growth.

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Fund of the Month (Apr'23): Investment Management Corporation of Ontario (IMCO)

1st April, 2023

Ontario is home to several world-class pension managers, including IMCO. The fund was established in 2016 to add value to public-sector clients of the Canadian province and is now the largest manager outside the “Maple 8”. We caught up with Rossitsa Stoyanova, one of the few female CIOs of a Sovereign Investor, about IMCO’s ambitions and about female leadership.