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Announcing 2023 Annual Report

26th December, 2022

Next Sunday, January 1, 2023, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2022. The report is titled “State-Owned Investors in a Multipolar World” and includes the following sections:

Mubadala Offloads Oil Producer In Favour of Private Equity

23rd December, 2022

Mubadala is ending the year with the sale of one of its longest-held and biggest assets, a 25% stake in Austria-based oil producer OMV, as it continues its post-merger portfolio rebalancing.

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Oman’s SWF is Picking up the Pace with US$5bn of investment planned for 2023

20th December, 2022

The Oman Investment Authority (OIA) is planning US$5 billion of investments in 2023 alone, funded in part from divestment of eight assets, according to reports in the state media.

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Mubadala Capital Furthers its Ambition as a GP with Ardian Tie-Up

16th December, 2022

The venture capital arm of Mubadala has forged a US$2.1 billion private equity partnership with Ardian, which will see the French investment house provide capital in a portfolio of assets and funds managed by the Abu Dhabi sovereign fund.

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Saudi Arabia and Abu Dhabi Back Europe's Low Carbon Transition

14th December, 2022

PIF has joined Mubadala in investing in German offshore wind developer Skyborn Renewables, alongside Global Infrastructure Partners.

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PIF Presses Further into Egypt's Troubled Economy

12th December, 2022

The Saudi Public Investment Fund (PIF) is continuing its advance into Egypt’s troubled economy with reports that it is preparing to acquire The United Bank for US$600 million.

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Denmark Gives a Boost to Indonesia’s Green Ambitions

9th December, 2022

The Indonesia Investment Authority’s (INA) push for a green energy transition has won the backing of the Danish government’s Investment Fund for Developing Countries (IFU) with the signing of an Investment Framework Agreement (IFA) for up to US$500 million in co-investments in renewable energy, water, waste management, and other circular opportunities.

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NIIF Seeks to Pilot Indian Airports Projects

7th December, 2022

India’s National Investment and Infrastructure Fund (NIIF) has made another bid to invest in the country’s airport infrastructure by teaming up with GMR Airports Limited (GAL) to take stakes in airport projects.

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Australia Presses Forward with Super Fund Consolidation

5th December, 2022

Australian super fund HESTA has boosted its AUM to nearly A$70 billion (US$57 billion) with more than 970,000 members following its merger with the smaller, 60-year-old Brisbane-based Mercy Super fund, which has 13,000 members.

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London Preferred Over Paris for SOIs

2nd December, 2022

Temasek’s decision to open its third European office in Paris comes in the wake of Bloomberg declaring that the French stock market now has a combined value of US$2,823 billion – putting it ahead of the UK stock market at US$2,821 billion for the first time.

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Fund of the Month (Dec'22): Armenia National Interest Fund (ANIF)

1st December, 2022

Armenia’s ANIF is one of the latest additions to the SWF industry globally. The fund acts as a catalyzer of foreign investment into the country and has signed important partnerships with Masdar and Air Arabia, among others. In June, it became the first foreign Sovereign Fund to open an office in the UAE. We had the pleasure of speaking with its CEO about the fund’s plans.

A Tale of Two Cities: Contrasting Results of Dubai and Hong Kong Sovereign Funds

30th November, 2022

The latest financial results by the US$309 billion Investment Corporation of Dubai (ICD) and the US$503 billion Hong Kong Exchange Fund could not be more different.

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