8th August, 2024
Electric vehicle manufacturer Lucid has received another lifeline from Saudi Arabia’s Public Investment Fund (PIF) the bolster the launch of the Gravity SUV model and support the company’s Saudi plant.
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6th August, 2024
The Philippines’ sovereign wealth fund, the Maharlika Investment Corporation (MIC), is now firmly established and about to originate deals for the Maharlika Investment Fund (MIF) focusing on domestic infrastructure and impact investment.
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5th August, 2024
The tiny Himalayan mountain kingdom of Bhutan is seeking to exploit some of its 33GW of hydroelectric potential to supply energy-hungry India by mobilizing its US$3.3 billion sovereign wealth fund, Druk Holding and Investments, to forge partnerships – and its peers are likely to be the most eager investors.
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2nd August, 2024
The C$434 billion (US$322 billion) Québecois public pension fund manager CDPQ stands out from peers for its mission to invest in the provincial economy, giving it a strategic approach more akin to a sovereign wealth fund.
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1st August, 2024
PSP Investments manages the pensions of the members of the public sector pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force. In March 2023, PSP was also appointed as the investment manager of the newly established CA$ 15 billion (US$ 10.8 billion) Canada Growth Fund mandated to help Canada speed up the deployment of clean technologies. PSP has maintained an impressive performance in the past decade, and we were delighted to speak with its CIO, Mr. Eduard Van Gelderen, about the fund’s strategy and objectives.
31st July, 2024
While Hong Kong's US$510 billion Exchange Fund has delivered a net gain in H1 2024, albeit smaller due to the strong US$, the smaller US$8 billion Hong Kong Investment Corporation is laser focused on AI as the saviour of the Chinese territory.
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30th July, 2024
Recent weeks and months have seen Saudi Arabia's Public Investment Fund (PIF) striking further into football and rugby with its investment in English team Newcastle leading to exponential growth in value, while it looks to snap up stakes in English rugby teams and develop Saudi Arabia's own domestic sporting prowess as a global brand.
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29th July, 2024
While the new Labour government is still finding its feet with the creation of a National Wealth Fund to invest in transition infrastructure, it has yet to get to grips with a fragmented and convoluted local government pension system while the existing “future fund” operated by the British Business Bank has failed to impress.
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26th July, 2024
An investment of more than US$600 million in US trailer lessor Transportation Equipment Network (TEN) by Abu Dhabi’s Mubadala and the Qatar Investment Authority (QIA) is the latest development in sovereign investor involvement in the transportation leasing sector.
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25th July, 2024
Affordable and social housing is emerging as a focus for state-owned investors (SOIs) who see opportunities for real estate asset growth as well as addressing social responsibility in their ESG mandates.
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24th July, 2024
Singapore’s sovereign wealth fund GIC has published its annual results for 2023 with the media whipping up a storm over the decline in the 20-year return for Singapore’s sovereign wealth fund GIC from 4.6% in 2023 to 4.3% in 2024 - - but there is a bigger story to be told behind the top-line figures.
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23rd July, 2024
Kuwait’s finance minister has revealed that the country’s fiscal stabilization, the Government Reserve Fund (GRF) overseen by the Kuwait Investment Authority, is heavily depleted, with liquidity falling by around 95% in the decade to end-March to less than KWD2 billion (US$6.5 billion).
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