27th February, 2024
The UAE is set to funnel US$35 billion into the Egyptian economy with infrastructure-oriented sovereign fund ADQ set to lead the capital injection by a consortium of investors, which could move the North African country from life support to economic resurrection.
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26th February, 2024
The real estate slump dragged down the investment returns for two of Canada’s biggest public pension funds, CDPQ and OMERS, which reported their annual results in recent days - results that confirmed Global SWF's finding of a negative correlation between one-year returns and allocation to alternatives in 2023.
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23rd February, 2024
Abu Dhabi sovereign investor Mubadala continues to aggressively push its investment in the financial services sector, taking a leading role in the acquisition of a chunky equity stake in the US’s fifth largest insurance broker, Truist Insurance Holdings (TIH), alongside co-investors Stone Point Capital and CD&R.
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22nd February, 2024
Decarbonization Partners – the partnership formed by BlackRock and Singaporean state investor Temasek – has struck its seventh deal, leading a US$150 million funding round for thermal battery maker Antora Energy.
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21st February, 2024
South Korea is increasingly seen as an alternative Developed Asian market among state-owned investors, with Canadian pension giant CPP and its Dutch peer APG among the leaders – and this week demonstrated that Asian industrial real estate giant ESR remains their favored partner.
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20th February, 2024
Indian highways could receive another capital boost from Canada, despite the geopolitical ructions between Delhi and Ottawa, with CDPQ among those expressing interest in acquiring a roads portfolio from India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF).
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19th February, 2024
PIF’s US public equities portfolio fell 3.4% q-o-q to US$35.2 billion in Q4 2023, dragged down by the value of its holding in EV maker Lucid Motors but also including the divestment of a chunky gaming stock, according to its latest 13F filing.
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16th February, 2024
The latest quarterly results by CPP Investments are helping to tell a story about the performance of the whole sovereign investor industry in 2023, with the relative illiquidity of its portfolio preventing it from taking advantage of the higher returns reported by more liquid funds like NBIM – but Global SWF research suggests that CPP’s strategy still provides superior long-term yield, which is vital for funds with long-term horizons.
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15th February, 2024
Mubadala is set to sell its refinery in Mataripe, which represents 10% of Brazil’s total oil refining capacity, back to Petrobras by mid-year as part of a broader initiative that will see the Abu Dhabi sovereign wealth fund partner the national oil company on biofuel projects.
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14th February, 2024
The Alberta Investment Management Corporation (AIMCo) has made another step in expanding its global operations with the opening of an office in New York.
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13th February, 2024
The Libyan Investment Authority (LIA) is flexing its financial muscles as it edged out of a UN sanctions regime with news that it is preparing a hostile takeover of South Africa’s Legacy Hotels via its Libyan African Investment Company (LAICO) subsidiary’s Ensemble Hotel brand.
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12th February, 2024
The decision by Mubadala-backed AI investor G42 to pull out from China reveals a growing wariness about upsetting US regulators, following Committee on Foreign Investment in the United States’ (CFIUS) decision last year to put the Abu Dhabi sovereign wealth fund’s takeover of US asset manager Fortress Investment Group under the spotlight.
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