GIC Smells the Coffee in Korea

25th May, 2021

Singaporean sovereign wealth fund GIC is buying a 30% stake in Starbucks Korea for KRW800 billion (US$713 million) from Starbucks Corp, reports EconoTimes.

CPP Reports Record Return in a Year of Crisis, Looks to Asia for Growth

24th May, 2021

Many state-owned investors have quickly adapted to crisis with bumper returns. Canada’s biggest public pension fund CPP Investments has ended its fiscal year with a net return of 20.4%, its highest ever. CPP Investments’ net assets were boosted by C$87.6 billion to C$497.2 billion.

Indonesian SWF Secures Multi-Billion Dollar Infra Deal

21st May, 2021

An agreement for a US$3.75 billion infrastructure platform marks the first investment vehicle for the Indonesia Investment Authority (INA), backed by Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and APG Financial. The consortium will invest in toll roads with assessments of opportunities over the next six months.

Israel: NBIM's Exclusions Dwarfed by Influx of UAE and Singaporean Capital

20th May, 2021

Foreign policy concerns are influencing state-owned investors’ approach to investing in Israel, with Arab rapprochement with this advanced economy contrasting with growing European caution about human rights.

NIIF Steps Into VC in the Indian Digital Economy

19th May, 2021

Better known for buying chunky real assets in infrastructure and real estate, India’s National Investment and Infrastructure Fund (NIIF) is marking its first foray into start-ups with plans to acquire a US$150-200 million stake in children’s clothing e-commerce unicorn FirstCry.

Shift Towards Tech in US Public Equity Portfolios of PIF and Temasek

18th May, 2021

The US public equities strategies of Saudi Arabia's Public Investment Fund (PIF) and Singapore's Temasek witnessed some convergence in Q121 with greater exposure to tech-related sectors and away from energy stocks.

Canadian PPFs Make Exits in Europe After Adding Value

17th May, 2021

OMERS has made its third major exit so far this year with the sale of its stake, alongside Canadian peer AIMCo, in the UK-headquartered Environmental Resources Management, the world’s largest pure-play sustainability consultancy, netting the fund managers a combined profit of nearly US$700 million.

QIA Seeks Exposure to US Renewables Boom

14th May, 2021

QIA has joined what promises to be a gold rush in US renewables generation, buying a minority stake in US sustainable energy company Avangrid for US$740 million.

CPP Investments’ Indian Renewables Deal with SoftBank Falls Through as Sector Faces Challenges

13th May, 2021

Challenges facing India's renewables sector were highlighted this week when differences over valuations and conditions scuppered the sale of part of SoftBank’s stake in an Indian solar power producer to Canada’s biggest public pension fund, CPP Investments.

Nigeria’s SWF Posts Strong Performance, Looks to VC and Tech for Growth

11th May, 2021

Defying the impact of the pandemic, the Nigeria Sovereign Investment Authority’s (NSIA) income soared 343% to NGN160 billion in 2020.