Layout:

Ending the Silos: CDPQ Follows OTPP in Integrating Real Estate Subsidiaries

25th January, 2024

CDPQ has made the surprise move of integrating its real estate subsidiaries Ivanhoé Cambridge and Otéra Capital as it rearranges its real estate portfolio and brings it firmly under the ambit of the management, resulting in the departure of Ivanhoé Cambridge’s CEO Natalie Palladitcheff when the consolidation is completed in 18-24 months.

Subscriber Post

Lunate starts operations with 50-strong team, aims high

2nd January, 2024

Lunate Capital, a multi-asset class investment manager created by Abu Dhabi sovereign wealth fund ADQ and seeded with US$50 billion, started operations on New Year’s Day with a 50-strong team and far-sighted ambitions.

Subscriber Post

ADQ’s Consolidation Drive Creates Multi-National Pharma Conglomerate

20th October, 2023

Abu Dhabi’s infra-heavy sovereign wealth fund ADQ continues to pursue a policy of consolidation of portfolio companies into large conglomerates ahead of listing, with pharmaceuticals next in line for the rapid restructuring process – following the same path as PureHealth which in August grouped together the emirate’s heathcare interests.

Subscriber Post

Losing Musicco as CIO Raises Questions Over CalPERS’s Future Private Equity Strategy

18th September, 2023

The US$463 billion California Public Employees’ Retirement System (CalPERS) has lost another CIO with Nicole Musicco quitting her position after less than two years for family reasons.

Subscriber Post

NBIM Research Paper Cautiously Positive Towards Private Equity Funds

15th September, 2023

A research report published this week by Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) found that long-term returns from venture capital and growth equity funds have underperformed public equities by 1-2% on average over the past 48 years, but its conclusions give some support for the conservatively allocated US$1.4 trillion Government Pension Fund Global (GPFG) to shift into private markets.

Subscriber Post

NZ Super Makes Bold Move with Euroclear Investment

4th September, 2023

 New Zealand’s state-owned investor, NZ Super, has taken a bold step with a direct investment worth almost US$300 million in financial services provider Euroclear.

Subscriber Post

ADQ and IHC: The Blurred Boundaries of Abu Dhabi State Capitalism

3rd August, 2023

Abu Dhabi sovereign fund ADQ and IHC Capital, which is linked to the ruling family, are planning to consolidate property and events assets into Q Holding to create a regional leader in the real estate and hospitality sector.

Subscriber Post

PIF Aims for Saudi Agricultural Leap

24th July, 2023

Global warming and related water scarcity are raising fears of rising food scarcity among populations already living on the edge, yet the arid desert kingdom of Saudi Arabia is plotting a path towards greater food self-sufficiency and cash crop production led by its burgeoning sovereign wealth fund.

Subscriber Post

Korean State-Owned Investors Lifted by Public Markets, But Plan for More Private Equity

14th July, 2023

With combined assets under management of US$1.45 trillion, South Korea’s state-owned investors – comprised of one sovereign wealth fund and six public pension funds – are major players in global markets, and their evolving strategies are set to have a significant impact on investment flows, with alternative asset classes set to be the main winners.

Subscriber Post

Korea's SWF Will Invest Billions of Dollars on Global Private Markets by 2025

21st June, 2023

The President of Korea’s US$169.3 billion sovereign wealth fund, the Korea Investment Corporation (KIC), reiterated the fund’s target allocation to alternative investments at 25% of AUM by 2025 in an interview with Bloomberg, indicating it is set to release billions of dollars of capital into global private markets.

Subscriber Post

For CDPQ, Home is Where Its Heart Is

7th June, 2023

Few public pension funds have the kind of commitment CDPQ has to their home economies, with most focused solely on optimal returns.

Subscriber Post

PIF Reverses Public Equity Losses in Q1, But Lucid Remains a Drag

16th May, 2023

Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.

Subscriber Post