17th October, 2024
Data centers have emerged as the top real estate segment for state-owned investors, after AustralianSuper announced a US$1.5 billion investment in US-based DataBank.
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16th October, 2024
Abu Dhabi has taken a slice of Türkiye’s banking sector with its acquisition of a 96% stake in Lebanon-based Bank Audi’s local subsidiary, Odeabank, as it continues its multi-billion dollar drive into the country's troubled economy.
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15th October, 2024
The launch of a London office by the Healthcare of Ontario Pension Plan (HOOPP) means there is now a full complement of the Maple 8 Canadian public pension funds with a presence in the British capital and brings the total number of foreign state-owned investors in the city to 28.
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15th October, 2024
Saudi Arabia’s Public Investment Fund has spent US$5.2 billion – or 61% - of the US$8.5 billion it raised in green bonds it raised in 2022-23, which is a sharp increase from US$1.3 billion in June 2023.
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11th October, 2024
Singapore’s US$847 billion sovereign wealth fund GIC is reportedly planning to sell its shareholding in renewables producer Greenko for around US$5 billion, while also set to make a bid for a slice of Hyundai Motor India’s forthcoming US$3.3 billion IPO.
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10th October, 2024
The bid for 10% of DAZN by Saudi Arabia’s Public Investment Fund (PIF) is stirring debate over the blurring of lines between ownership of sports media and football clubs, but it is just one in a string of sports-related investments that combine promoting the Saudi brand with the strategic economic development of Vision 2030 and the focus of every investor: adding value and generating returns.
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9th October, 2024
The Norwegian government is planning to tap into its US$1.7 trillion sovereign wealth fund to plug a fiscal hole in its 2025 budget plans, but the world's biggest state-owned investor can absorb even multi-billion withdrawals by dint of its massive scale and long-term growth.
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8th October, 2024
On Tuesday, 8 October, Global SWF released a new global ranking of cities according to the capital managed by their Sovereign Wealth Funds (SWFs). According to data and research of the industry specialist, Abu Dhabi is the world’s richest city in terms of capital managed by its SWFs, with US$ 1.7 trillion as of October 2024.
4th October, 2024
The Oman Investment Authority has announced the IPO of a 25% stake in OQ Exploration & Production, a subsidiary of OQ Group, while at the same time is pouring US$150 million into a tech-focused fund to support start-ups in the GCC region.
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3rd October, 2024
Facing revenue and spending pressures, two southern African countries – Zambia and Botswana – are examining proposals for sovereign wealth funds with a stabilization mandate, but given their structural challenges and spending pressures the plans maybe too little, too late.
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2nd October, 2024
Canada’s biggest public pension fund CPP Investments is deploying a breathtaking amount of capital to data centers with its latest joint venture deal with Singapore’s sovereign wealth fund GIC and global digital infrastructure company Equinix set to break records - and IMCO is also seeking to gain a bit of the action in the fast-growing sector.
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1st October, 2024
Bahrain may be the smallest country in the GCC in terms of population and economy, but its Sovereign Investment industry is well developed, with two active SWFs: one for stabilization and savings function (Future Generation Reserve, or FGR) and another one for strategic and development purposes (Mumtalakat). The FGR had been a relatively low-profile SWF until 2020, when the government of Bahrain withdrew US$ 450 million, or half of its assets back then, to maintain economic stability. The withdrawal was followed by a change in the deposit rules, and the fund has been growing again thanks to new inflows and strong investment returns.