25th April, 2024
Saudi Arabia’s Public Investment Fund (PIF) has forged a joint venture deal with the Kingdom’s telecoms company STC which sees it acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL), which is set to form the basis of the Middle East’s biggest telecommunications infrastructure company – and a global player.
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10th April, 2024
Japan’s US$1.48 trillion goliath Government Pension Investment Fund (GPIF) has joined forces with Europe’s biggest public pension fund manager, the Netherlands’ US$562 billion APG, to surge into global infrastructure markets.
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28th March, 2024
The UK’s biggest water utility, Thames Water, which is two-thirds owned by state-owned investors, looks set to be renationalized – at least temporarily – after its shareholders refused to throw it a financial lifeline.
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20th March, 2024
Sovereign investors are looking to cash in assets, sensing markets are ripe for divestment. Singapore’s Temasek and GIC are the most active sovereign investors in big ticket sales, which are set to net them billions in returns that will be recycled into new strategies.
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14th March, 2024
Canada’s biggest public pension fund CPP Investments committed hundreds of millions of US dollars into digital network infrastructure this month as it seeks to gain exposure to the growing demand in connectivity and data-rich content.
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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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7th February, 2024
Saudi Arabia has launched two separate new major economic development entities, established under the auspices of the Public Investment Fund (PIF) and the National Development Fund (NDF) respectively, to drive investment in manufacturing and infrastructure, with a stress on sustainability.
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31st January, 2024
Canadian public pension fund CDPQ’s US$1.5 billion aircraft leasing partnership with SMBC Aviation Capital, announced this week, is the latest in a line of similar investments in aircraft lessors by state-owned investors, seeking to provide fleets to operators instead of the more complex business of running an airline.
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22nd January, 2024
Three years ago, sovereign wealth funds were plunging capital into national flag-carriers in the wake of the global lockdown, but the aviation sector is off life support and airlines have largely returned to profitability – with Kazakhstan’s Samruk-Kazyna confident to launch Air Astana Group’s IPO next month as well as relaunching its tender for up to 100% of Qazaq Air.
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11th January, 2024
Indonesia’s sovereign wealth fund INA has won the support of the US$984 billion Abu Dhabi Investment Authority (ADIA) and Europe’s biggest public pension fund, the Netherlands’ US$546 billion APG, for toll road platform that is starting with the Trans Java Toll Road mega-project.
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8th January, 2024
India’s National Investment and Infrastructure Fund Ltd (NIIFL) has a new CEO who promises to heighten the quasi-SWF’s commitment to the South Asian nation’s burgeoning renewables sector.
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3rd January, 2024
The Thames Water debacle has burned the fingers of state-owned investors who had backed the privatized water utility, in the belief infrastructure assets in a stable, well-regulated market like the UK were a safe bet.
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