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Championing Consolidation: ADQ Creates Pharma Giant

24th April, 2024

Gulf sovereign wealth funds are continuing to consolidate assets, grouping them into platforms to become regional and global champions.

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UAE SWF's Chunky Listed Assets Buffeted By Markets, But Funds Will Remain Firm

23rd April, 2024

Emirati sovereign wealth funds’ decision to list assets can help drive private investment into their assets, free up capital for diversifying portfolios and improve transparency – but weighty listed assets can play havoc with portfolio values, as some funds have learned in the year-to-date.

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GCC Surpluses Highly Dependent on Oil Prices – and Geopolitics

19th April, 2024

On Thursday this week, the International Monetary Fund (IMF) published its latest fiscal oil price breakeven in the statistical appendix of its Middle East overview. These are important figures, as they reflect the fiscal situation of the countries in the Gulf Cooperation Council (GCC), when compared to current oil prices.

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India's NIIF Prepares Second Fund-of-Funds With US$1bn Target

18th April, 2024

India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund Ltd (NIIF), is planning to raise a second Private Markets Fund after it closes its first one later this year, which was set to deploy US$600 million in Indian private equity funds.

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ADQ-Owned TAQA's Take-Over Bid for US$23.5bn Naturgy Could Be Biggest Ever SWF M&A

17th April, 2024

ADQ subsidiary TAQA is looking to buy out Spanish energy firm Naturgy in what could be the biggest ever acquisition by a sovereign wealth fund portfolio company.

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Canada’s Australian Farming Empire Continues to Grow

16th April, 2024

PSP Investments’ acquisition of around 8,000 hectares of farmland in New South Wales is an example of a tide of capital by Canadian state-owned investors in Australia’s vast agricultural sector.

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Norway Dismisses NBIM's Private Equity Proposal... For Now

15th April, 2024

The Norwegian parliament has dismissed a central bank recommendation that the 3-5% of the US$1.6 trillion Government Pension Fund Global (GPFG) – overseen by Norges Bank Investment Management (NBIM) – be invested in private equity... but has not ruled out the proposal forever.

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CDPQ Performance is a Mixed, but Green Assets Helped Drive Growth

12th April, 2024

Canadian public pension fund CDPQ has published its full annual report and sustainable investment report, giving an insight into factors that supported and undermined performance in 2023 – revealing that its green assets supported growth, while private equity was hit by high financing costs.

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Temasek Aims to Turn Around Fortunes with Paris Office and US$18bn EMEA Surge

11th April, 2024

Singapore’s Temasek has opened a new office in Paris, a year behind schedule, as it seeks to advance its EMEA strategy, which has seen its exposure to the region grow five-fold since 2011, in Singapore dollar terms to S$47 billion or 12% of its portfolio by end-FY2022/23.

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Japan's GPIF Gains APG's Support in Infra Diversification

10th April, 2024

Japan’s US$1.48 trillion goliath Government Pension Investment Fund (GPIF) has joined forces with Europe’s biggest public pension fund manager, the Netherlands’ US$562 billion APG, to surge into global infrastructure markets.

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Korea’s Generation Z Receives Little Comfort over Pensions in Election Race

9th April, 2024

Themes in the South Korean general election, taking place on Wednesday, have highlighted the cost of living, represented by the price of green onions which has soared in recent months – but the elephant in the room that the two main political parties have failed to address is the fact that Koreans born after 1990 are unlikely to receive a pension from the National Pension Service (NPS) when they turn 65.

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Investcorp: A Nexus of China-Gulf Economic Relations

8th April, 2024

The China Investment Corporation (CIC) is reportedly in dialogue with Bahrain-based Investcorp to potentially back a US$800 million investment vehicle that will back pre-IPO Middle Eastern companies.

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