25th January, 2023
A US$2.45 billion follow-on public offering floated by Indian billionaire Gautam Adani’s flagship Adani Enterprises is receiving the backing of Abu Dhabi sovereign wealth funds Abu Dhabi Investment Authority (ADIA) and Mubadala as well as the privately owned International Holding Co. (IHC), linked to the ruling family.
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24th January, 2023
The Philippines’ new Maharlika Investment Fund faces a legal challenge from the country’s political opposition for “sequestering” dividends from state companies.
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23rd January, 2023
Iran’s sovereign wealth fund is help strengthen the country’s political and economic bonds with Venezuela with the US$139 billion National Development Fund of Iran (NDFI) in an usual act of soft power diplomacy.
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20th January, 2023
Singapore’s state-owned investor Temasek is seeking to increase its penetration of India’s healthcare sector by snapping up a 33% stake in India’s biggest hospital chain Manipal Health, giving it a 51% controlling stake.
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19th January, 2023
Political change is coming to New Zealand, which could impact on the nation’s future generations fund, NZ Super Fund, as politicians on either side of the House of Representatives set out very different visions for its long-term funding and withdrawals.
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18th January, 2023
Ethiopia Investment Holding (EIH) has been in existence for less than a year, but is already taking great strides in co-investments to develop the domestic economy.
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17th January, 2023
NBIM’s acquisition of a 49% interest in a 1.3GW portfolio of solar plants and onshore wind farms located in Spain marks the first investment in unlisted renewables in nearly two years, but the Norwegian SWF is a long way short of its initial target of 2% AUM in the sector.
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16th January, 2023
Egypt has accelerated inward investment into its economy through the deployment of its young and growing sovereign wealth fund as a go-to partner for foreign investors seeking to penetrate North Africa’s biggest economy.
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13th January, 2023
Mubadala took another step in the development of its life science cluster with a new joint venture with National Resilience, which will operate a new biopharma manufacturing plant built by the sovereign fund.
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12th January, 2023
Kazakhstan has always been home of significant Sovereign Wealth, due to vast gas reserves and annual revenues. The country’s most known and largest SWF is Samruk-Kazyna, which was modeled after Temasek and was born out of the merger of two holding companies, Samruk and Kazyna in 2008.
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12th January, 2023
The Public Investment Fund (PIF) is growing more and more like a banyan tree: developing accessory trunks that allow it to spread outwards indefinitely. The Saudi SWF has a central strategy, which is “driving the growth of new sectors, companies and jobs, as a catalyst of Vision 2030” but is writing history as it goes.
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11th January, 2023
On Monday, the Alberta Investment Management Corporation (AIMCo), the province’s US$ 129 billion manager of pension and sovereign capital, announced the appointment of David Scudellari as Senior Executive Managing Director, and Head of International Investments. David served for seven years at the US$ 185 billion Public Sector Pension Investment Board (PSP Investments) where he opened the New York office; built a US$ 22 billion global credit business, and acted as interim CFO and Head of Credit and Private Equity. The poaching seemed amicable, and shortly after the announcement, AIMCo and PSP announced a new agreement that will allow AIMCo leverage PSP’s private credit origination capabilities, which David built.
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