Layout:

CPP Kick Off Deals in 2021

5th January, 2021

Canadian public pension fund CPP Investments was the first state-owned investor to accelerate out of the starting blocks with a US$200 million commitment to a US$1 billion logistics real estate joint venture in Indonesia.

Subscriber Post

Fund of the Year (Jan'21): Public Investment Fund (PIF)

1st January, 2021

Saudi Arabia is a rapidly-changing nation – especially its economic and financial landscape. The roadmap for this change is contained in the Vison 2030 program, which was announced in 2016 and aims to add diversification to the Kingdom via infrastructure, tourism, technology and health. Well until 2015, very few people outside of Saudi Arabia had heard about the Public Investment Fund (PIF), which was solely focused on the development of the domestic economy.

Indonesia's SWF closes first tranche

29th December, 2020

The Nusantara Investment Authority (NIA) may have closed its first fund for investments in domestic infrastructure, from an array of international #SOIs

Subscriber Post

NIIF closes Master Fund with $2.34 billion

23rd December, 2020

Congratulations to National Investment and Infrastructure Fund (NIIF) for the successful closing of its Master Fund, which exceeded the initial fundraising target and includes 2 SWFs and 4 PPFs

Subscriber Post

Moderna gets approval, ADIA makes money

22nd December, 2020

One of the big winners of Moderna's FDA approval to produce #COVID19 vaccines is no other than the Abu Dhabi Investment Authority (ADIA), who invested US$ 100m in their Series G, pre-IPO round in February 2018.

Subscriber Post

Fund of the Month (Dec'20): Algemene Pensioen Groep (APG)

1st December, 2020

APG has become one of the world’s most active and largest pension managers with over USD 630 billion, behind only Japan’s GPIF and South Korea’s NPS. At the end of October, APG and NPS entered into a formal MoU to scout for private assets globally, starting with a Portuguese toll road and an Australian student housing portfolio. We got to know more about the initiative firsthand from Gert Dijkstra and Genio van der Schaft, who run APG’s Global Peers & Networks from Amsterdam and Hong Kong, respectively.

Fund of the Month (Nov'20): Libyan Investment Authority (LIA)

1st November, 2020

The Libyan Investment Authority (LIA) was established in 2006 to manage surplus O&G revenues. With assets over $67 billion, the LIA is Africa’s largest SWF and has invested in assets such as Banking Hall in London, Juventus FC and Corinthia Group. However, political unrest and division of power in the wake of Gaddafi’s ousting from power had repercussions on the fund, which saw its international portfolio frozen by the UN in 2011. We had the pleasure of finding out more about the LIA’s latest developments with its current Chairman, Dr. Ali Mahmoud.

Fund of the Month (Oct'20): Ireland Strategic Investment Fund (ISIF)

1st October, 2020

The Ireland Strategic Investment Fund (ISIF) was established in 2014 as the successor of the National Pensions Reserve Fund (NPRF), under the umbrella of the National Treasury Management Agency (NTMA).

Fund of the Month (Sept'20): Fundo Soberano de Angola (FSDEA)

1st September, 2020

The Fundo Soberano de Angola (FSDEA) was established in 2012 with an initial injection of USD 5 billion from O&G proceeds, which made it (and still is) the largest SWF in all of Sub-Saharan Africa. Since then, the fund has gone through various Governance issues, with the son of the country’s President, José Filomeno “Zenú” dos Santos, acting as its Chairman. On August 15, 2020, after an eight-month trial, Zenú was sentenced to five years in jail for embezzling US$ 0.5 billion from the Central Bank. This could be a second chance for the SWF, despite the significant withdrawals faced during the past 14 months. We had the pleasure of catching up with Miguel Carneiro, former Head of Alternatives Investments at FSDEA and currently a partner at AFC & Partners.

Fund of the Month (Aug'20): Turkey Wealth Fund (TWF)

1st August, 2020

The Turkish Sovereign Fund was established in 2016 as the strategic investment arm of the Republic of Turkey. After a rocky start where the country’s President Erdogan rewamped TWF’s management and reshuffled the board by appointing himself as the Chairman, the fund seems to have finally found the support and stability to be among the world’s leading SWFs. The recruitment of Mr. Zafer Sönmez as its CEO in September 2018, after he had spent six years with Khazanah, has been instrumental towards that goal. We had the pleasure of catching up with Mr. Sönmez and discussing with him TWF’s recent progress and improvement of its GSR score.