14th August, 2024
The performance of Canada’s highly transparent public pension funds can serve as a barometer for trends across the global institutional investor universe, including highly opaque sovereign wealth funds.
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13th August, 2024
Canada’s biggest public pension fund, the US$67 billion CPP Investments, has boosted its investment in sustainable energy with a US$843 million investment in Denver-based Tallgrass Energy, in partnership with Blackstone, as part of its ongoing decarbonization strategy.
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12th August, 2024
Abu Dhabi continues to invest weighty sums in asset managers with the US$993 billion Abu Dhabi Investment Authority (ADIA) forming a consortium with CVC Private Equity Funds and Nordic Capital to take the London-listed Hargreaves Lansdown private in a GBP5.4 billion (US$6.9 billion) takeover bid.
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9th August, 2024
Luxury brands and trophy properties have always had a place in the portfolios of Middle Eastern sovereign wealth funds and Abu Dhabi’s ADQ is following suit with the purchase of a minority stake in Sotheby’s, the global leader in fine art and luxury markets.
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8th August, 2024
Libya’s sovereign wealth fund was one of the victims of the collapse of order in the North African state, restricted by sanctions and legal disputes since the fall of Muammar Qaddafi’s regime amid the 2011 Arab Spring uprisings and the resulting civil war.
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8th August, 2024
Electric vehicle manufacturer Lucid has received another lifeline from Saudi Arabia’s Public Investment Fund (PIF) the bolster the launch of the Gravity SUV model and support the company’s Saudi plant.
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6th August, 2024
The Philippines’ sovereign wealth fund, the Maharlika Investment Corporation (MIC), is now firmly established and about to originate deals for the Maharlika Investment Fund (MIF) focusing on domestic infrastructure and impact investment.
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5th August, 2024
The tiny Himalayan mountain kingdom of Bhutan is seeking to exploit some of its 33GW of hydroelectric potential to supply energy-hungry India by mobilizing its US$3.3 billion sovereign wealth fund, Druk Holding and Investments, to forge partnerships – and its peers are likely to be the most eager investors.
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2nd August, 2024
The C$434 billion (US$322 billion) Québecois public pension fund manager CDPQ stands out from peers for its mission to invest in the provincial economy, giving it a strategic approach more akin to a sovereign wealth fund.
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1st August, 2024
PSP Investments manages the pensions of the members of the public sector pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force. In March 2023, PSP was also appointed as the investment manager of the newly established CA$ 15 billion (US$ 10.8 billion) Canada Growth Fund mandated to help Canada speed up the deployment of clean technologies. PSP has maintained an impressive performance in the past decade, and we were delighted to speak with its CIO, Mr. Eduard Van Gelderen, about the fund’s strategy and objectives.