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The $6bn Private Equity Sale: What is CalPERS Up To?

11th July, 2022

The US$456 billion California Public Employees' Retirement System made a dramatic decision this month by selling a huge slice of its private equity portfolio at a discount and cutting ties with external managers, despite its previously stated objective to raise its allocation to the asset class.

State Investors Wary of Venture Capital Amid Inflation Risks

8th July, 2022

After two years of frenetic activity in venture capital, sovereign wealth funds and public pension funds have stepped on the brakes as the effects of the Ukraine crisis threaten to upset the post-pandemic recovery.

Abu Dhabi's Powerful Brothers Oversee Sovereign Investor Collaboration with SoftBank Exec

7th July, 2022

The decision of Abu Dhabi sovereign investors Mubadala and ADQ and the Royal Group conglomerate to back SoftBank executive Rajeev Misra's new US$6 billion multi-asset investment fund shines a light on the Emirate's internal dynamics in a post-Khalifa era.

Qatar Aims to Recycle LNG Wealth Into Alternative Energy

22nd June, 2022

The Qatar Investment Authority (QIA) is set to gain a massive capital injection from soaring energy prices and output growth and it is setting out its plans for investment in blockchain, small modular reactors and a significant minority stake in Turkey’s Eurasia Tunnel.

Omani Fund Plans Big IPOs to Redeploy Capital

17th June, 2022

Oman’s sovereign wealth fund the Oman Investment Authority (OIA) is examining divesting from six state-owned assets as it seeks to both support the nation's finances and offer strategic investment.

IMCO Boosts Public Debt Allocation by US$1bn as Markets Roil

16th June, 2022

The US$57 billion Investment Management Corporation of Ontario (IMCO) is ramping up its allocation to actively managed public credit markets with a US$1 billion allocation to two global credit managers, it announced today – a move that Global SWF expects to see across the state-owned investor universe.

Korea's SWF Set to Boost Private Markets Exposure as AUM Shoots Past USD200bn

30th May, 2022

The Korea Investment Corporation (KIC) posted an annual return of 9.13% for 2021 with assets under management reaching US$205 billion – exceeding the US$200 billion mark in the first time in its 16 year history.

Can Middle Eastern SWFs Fulfil their Multi-Billion Bilateral Deals?

27th May, 2022

The Qatar Investment Authority (QIA) is in competition with its Abu Dhabi peers in headline-grabbing multi-billion bilateral memoranda of understanding. Global SWF assesses whether these agreements worth more than the paper they are written on – and if they are simply part of Middle Eastern states’ exertion of soft power.

Equities - Temasek Under-Performs; PIF Suffers Lucid Losses

16th May, 2022

Filings by Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s state-owned holding company Temasek show they were hit by the shock to markets in the first quarter as the Russian intervention in Ukraine sent the global economy reeling.

Ethiopia’s Nascent SWF Seeks Strategic Alliances with Djibouti

6th May, 2022

Ethiopia has deployed its nascent sovereign wealth fund Ethiopia Investment Holdings (EIH) to broker a deal with neighboring Djibouti to ensure the East African country’s energy security.

Bain Tasked by PIF to Develop India Strategy – More Investment in Renewables?

27th April, 2022

Investment in India’s infrastructure has an enduring attraction for sovereign wealth funds with around US$18 billion allocated to the development of the South Asian economy by state-owned investors from 2016 to date - and Saudi Arabia is set to boost that level even further with new plans that are set to involve green energy expansion.

PIF Spurs Venture Capital and Real Estate Growth in Saudi Arabia

24th March, 2022

Saudi Arabia is striding forward with its Vision 2030 program, with the Kingdom’s sovereign wealth fund the Public Investment Fund (PIF) setting the pace.

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