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Thames Water’s cliff-edge is a stress test for UK regulated infrastructure

3rd September, 2025

Thames Water’s slow-motion crisis has become the Rorschach test for how attractive - or not - UK regulated infrastructure is to sovereign wealth funds (SWFs) and public pension funds (PPFs).

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Abu Dhabi’s Global Health Triad: PureHealth, Arcera, M42

2nd September, 2025

Abu Dhabi’s sovereign wealth funds have spent the past 18 months turning healthcare and life sciences into platforms with international reach.

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Fund of the Month: Baiterek National Managing Holding JSC

1st September, 2025

In 2013, Kazakhstan spun off the portfolio of financial institutions from Samruk-Kazyna and established another SWF, Baiterek, which has evolved significantly since then. We were delighted to speak with Mr. Timur Onzhanov, the Fund’s Deputy Chairman of the Management Board, about Baiterek’s strategy and plans.

NBIM’s Israel Exclusions: Governance vs. Geopolitics - and the Portfolio Implications

29th August, 2025

Norway’s NOK20.2 trillion (US$2 trillion) Government Pension Fund Global (GPFG) has shed stakes in 23 Israeli companies since the end of June after an accelerated ethics review by its manager, Norges Bank (NBIM).

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ADIA Moves from LP to Shareholder in GLP’s New Economy Push with US$1.5bn Investment

28th August, 2025

The Abu Dhabi Investment Authority (ADIA) is signalling where sovereign capital sees durable growth: direct investment in asset managers.

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Lunate takes a stake in Brevan Howard - and commits US$2bn to an ADGM platform

27th August, 2025

Abu Dhabi-based, ADQ-anchored alternative manager Lunate will buy a minority stake in Brevan Howard and commit US$2 billion of long-term capital to a new investment platform domiciled in the Abu Dhabi Global Market (ADGM), with further fundraising planned from regional and international investors.

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Syria Is Open for Business. Now What? Examining Sovereign Investment

26th August, 2025

DP World’s 30-year, US$800 million Tartus port concession deal is Syria’s first real post-war anchor and is meant to pull in bigger balance sheets and re-open the economy, just months after the Russian navy withdrew following the collapse of the Assad regime.

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NIIF aims to double AUM to US$10bn as exits, follow-on funds and credit push gather pace

25th August, 2025

India’s National Investment & Infrastructure Fund (NIIF) is raising its sights. This month, the quasi-sovereign investor said it wants to double assets to around US$10 billion within roughly 30 months, based on infrastructure and private market investment vehicles, new co-investments and a bigger role for private credit.

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Guyana’s Oil Fund Keeps Swelling – Qatar and IMF Give Their Approval

22nd August, 2025

Guyana’s Natural Resource Fund (NRF) is doing something many emerging market petro-states fumble: growing even while the government spends from it.

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Temasek’s Three-Arm Split: Faster, Sharper, and Built for the Next Cycle

21st August, 2025

Singapore’s Temasek is evaluating a huge overhaul, carving the group into three focused investment arms - Domestic Temasek Portfolio Companies (TPCs), Global Direct, and Funds/Asset Management - to tighten accountability and lift returns.

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Mozambique’s LNG Piggy-Bank Is Finally Filling - Now Comes the Hard Part

20th August, 2025

Mozambique’s newborn sovereign wealth fund (FSM) is starting to look like a real fund rather than a legislative ambition.

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Putin’s Dealmaker-In-Chief: How Kirill Dmitriev and RDIF Turned SWF into Russian Statecraft

19th August, 2025

At the weekend’s Trump–Putin summit in Anchorage, one Russian attendee stood out among the security veterans: Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and now Putin’s special envoy for international economic and investment cooperation.

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