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Canadian Funds OMERS and BCI Accelerate the Private Credit Bandwagon

29th September, 2023

State-owned investors are betting that tighter bank lending will present new opportunities in private credit, with Canadian funds joining their Middle Eastern and Singaporean peers in backing non-bank lending.

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Singapore's GIC Ignites Interest in Hydrogen as a Clean Energy Solution

27th September, 2023

Singapore’s GIC is pumping more capital into technologies and industries dedicated to the transition to net zero with a further US$115 million investment in Hong Kong-based green hydrogen projects developer InterContinental Energy (ICE) that follows the sovereign fund's involvement in a EUR1.5 billion private placement in H2 Green Steel earlier this month.

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London is the Top Destination for State-Owned Investors

26th September, 2023

Australia’s US$106 billion Aware Super fund has started recruiting for its planned new London office, hot on the heels of Canada’s Healthcare of Ontario Pension Plan’s (HOOPP) announcement that it is opening an office in the British capital as part of its plan to diversify its geographical exposure and expand its holdings in alternatives.

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Diplomatic Spat Will Not Weaken Canada's Investment in India

25th September, 2023

While turmoil has engulfed Canadian relations with India over the assassination of Khalistan separatist Hardeep Singh Nijjar, Canadian public pension funds (PPFs) are unlikely to pull their investments or press their brakes having invested approximately US$21 billion in Indian private markets over the past decade.

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GIC is Bullish About India, Driving Capital Into Logistics and Healthcare

22nd September, 2023

GIC has made India its prime focus of attention over the past two years and this week has seen the Singaporean sovereign wealth fund continue its thrust into India’s healthcare and real estate markets.

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HOOPP Looks to London in Diversification Push

21st September, 2023

The Healthcare of Ontario Pension Plan (HOOPP) is opening a London office as part of its plan to diversify its geographical exposure and expand its holdings in alternatives.

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New SWFs Learn to Crawl, At Difference Speeds

20th September, 2023

Global SWF examines the recent developments relating to new sovereign wealth funds in Hong Kong, Israel, Pakistan and the Philippines.

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Mubadala Firms Up Role as Asset Manager - With Private Credit Its Main Target

19th September, 2023

Mubadala Capital, the asset management arm of Abu Dhabi sovereign wealth fund Mubadala, has launched a new investments solutions business backed by Apollo Global Management, adding to its suite of vehicles that manage third party capital.

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Losing Musicco as CIO Raises Questions Over CalPERS’s Future Private Equity Strategy

18th September, 2023

The US$463 billion California Public Employees’ Retirement System (CalPERS) has lost another CIO with Nicole Musicco quitting her position after less than two years for family reasons.

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NBIM Research Paper Cautiously Positive Towards Private Equity Funds

15th September, 2023

A research report published this week by Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) found that long-term returns from venture capital and growth equity funds have underperformed public equities by 1-2% on average over the past 48 years, but its conclusions give some support for the conservatively allocated US$1.4 trillion Government Pension Fund Global (GPFG) to shift into private markets.

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China Seeks to Take Stake in Indonesia's Growth Story Through Sovereign Wealth Deal

14th September, 2023

Indonesia’s sovereign wealth fund has won the backing of a Chinese state financial institution to boost Sino-Indonesian co-operation on infrastructure, energy and communications.

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NZ Super Leads the Pack: ESG Is Not a Bar to Success

13th September, 2023

Fuelled by growth in global equities, NZ Super reported a barnstorming performance in the financial year ending June 30 with an 11.9% return – the best return of its peers reporting over the same period.

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