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PIF Reaches the Stratosphere with Satellite Subsidiary

28th May, 2024

Saudi Arabia’s Public Investment Fund (PIF) is developing its might as the dominant force in the national economy with the launch of yet another national champion subsidiary, this time devoted to satellite launches.

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NBIM receives the “Fund of the Year” award from Global SWF

24th May, 2024

On May 22, 2024, Pedro Furtado Reis and Daniel Balthasar, co-Chief Investment Officers of Equities at Norges Bank Investment Management (NBIM), received from Diego López, Founder and Managing Director of Global SWF, the physical award “Fund of the Year 2023” in Central London.

QIA Joins Peers in Semiconductor Industry

23rd May, 2024

The Qatar Investment Authority (QIA) is playing catch-up with its Saudi and Emirati peers with a major investment in semiconductors as the global market seeks to diversify production following the chip shortage of 2020-23.

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Canadian and Australian Public Pension Funds Boost Private Credit Markets

22nd May, 2024

State-owned investors are adding to the surge of private credit investment as the US$1.7 trillion global private credit market offers higher, floating rates of return.

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PIF Dumps US Listed Assets, Lucid Falls Further

21st May, 2024

Saudi Arabia’s Public Investment Fund (PIF) slashed its US public equity holdings by 41.7% to US$20.56 billion in the first quarter of 2024, with its biggest stockholding EV carmaker Lucid slumping by 32.3% in value and non-Lucid holdings falling 43.5% to the lowest level since end-Q2 2021 as PIF dumped massive chunks of its equity portfolio.

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Mubadala Joins World's Top 10 SWF Ranking with 15.4% Annual Return, US$302bn AUM

20th May, 2024

Abu Dhabi’s Mubadala has joined an elite of top 10 sovereign wealth funds as its AUM rose above US$300 billion in 2023 with Global SWF calculating an annual return of 15.4%, based on its increase in five-year return of 10.3% and proprietary data analysis of historical returns.

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Mubadala is Making "Game-Changing" Gas Discoveries in Indonesia

17th May, 2024

Mubadala Energy is set to change Indonesia’s energy profile radically with back-to-back gas discoveries in a highly prospective deepwater play.

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Saudi Arabia's Hassana Backs the Rise of Climate Funds

16th May, 2024

TPG Rise Climate vehicle has won another state-owned investor for its carbon-cutting mission with the US$320 billion Saudi public pension fund manager Hassana – part of the General Organization for Social Insurance (GOSI) – making forming a US$1.5 billion partnership, including a “substantial anchor commitment” to the new Transition Infrastructure fund and an allocation to the TPG Rise Climate II fund.

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Khazanah, ADIA, EPF and GIP Set to Take Over Malaysian Airports at US$3.9bn Valuation

15th May, 2024

Malaysia Airports (MAHB) is set to be taken over by an alliance of Malaysia’s sovereign wealth fund Khazanah and its public pension fund the Employees Provident Fund along with the Abu Dhabi Investment Authority (ADIA) and Global Infrastructure Partners (GIP).

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KIA's Uncertainty is Lifted as Emir Dissolves Kuwaiti Parliament

14th May, 2024

The US$846 billion Kuwait Investment Authority (KIA) is unlikely to escape the impact of the political upheaval in Kuwait over the weekend, but the developments could finally end the uncertainty that has clouded the fund in recent years.

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Bpifrance Forges Deals with KIA, QIA and Mubadala for French Startups

13th May, 2024

France’s strategic investor Bpifrance has strengthened its relationships with Gulf peers with a series of agreements with sovereign wealth funds of Kuwait, Qatar and Abu Dhabi committing capital to French startups.

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Mubadala Joins Australia's Green Hydrogen Goldrush

10th May, 2024

Mubadala is joining in the modern day goldrush for green hydrogen, focused on Australia where the government is backing efforts to utilize renewable energy for new industrial purposes.

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