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Apollo Stake Shows Mubadala Capital’s Shift From Sovereign Investor PE Arm to Global Asset Manager

27th October, 2026

Apollo is taking a minority stake in Mubadala Capital, moving its relationship with the Abu Dhabi sovereign investor from capital commitments and joint lending arrangements into ownership of the asset management subsidiary.

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Temasek pushes Seviora beyond the holding-company model

14th October, 2026

Temasek is taking Seviora into a new phase with Azalea Investment Management, SeaTown Holdings International and Seviora Capital operating through a single unified platform and operating model from the beginning of 2027.

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FNZ Turns La Caisse From Backer to Fixer

9th October, 2026

Eight years after La Caisse made FNZ a flagship patient capital investment, repeated equity injections and a deeper governance role are putting pressure on the advantages of long-term direct ownership. The next phase will show whether that patience has preserved value or merely extended the turnaround.

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Temasek Builds Italian Mid-Market Access With FSI Stake

29th September, 2026

Temasek is taking a 9% stake in Italian investment manager FSI, adding ownership of the firm to an eight-year relationship built through successive fund commitments.

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PIF’s New Strategy Puts More Weight on Private Capital

28th September, 2026

PIF is drawing banks, private developers and prospective buyers further into its Saudi portfolio as its 2026–2030 strategy takes shape. After years of using its own balance sheet to build companies and industries, more of the next stage will depend on capital coming from elsewhere.

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State Capital Bucks Private Equity’s Deal Slump but Follows Its Shift to Scale

14th September, 2026

Private equity entered 2026 with more money moving through fewer deals. KPMG’s latest Pulse of Private Equity puts global investment at US$1 trillion across 9,294 deals in H1 2026, while the rolling 12-month deal count fell to 20,105, its lowest level in more than five years.

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Germany's KENFO Bets On Private Markets As Nuclear Liabilities Rise

30th July, 2026

Germany’s EUR25.6 billion (US$30.1 billion) nuclear waste fund remains ahead of its funding requirement, but its investment strategy is entering a more demanding phase.

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Mubadala Capital Adds Tokenised Funds to Abu Dhabi’s Digital Asset Strategy

29th July, 2026

Mubadala Capital has opened tokenised access to an evergreen private-markets strategy across Base, Solana and Sui. The US$75 million launch is small, but it extends the sovereign-owned manager’s established model of seeding investment products with its own capital and raising outside money around them.

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Guns N’ Royalties: State Investors Turn Songs and Science into Income

23rd July, 2026

A portfolio containing “Don’t Stop Believin’”, “Bad Romance” and “Livin’ on a Prayer” might sound like the soundtrack to a distressed assets meeting, but for GIC and Sony Music Group it is the background music of a royalty portfolio reportedly worth close to US$4 billion.

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CalPERS’ Private Equity Overhaul Boosts Returns, Lifts Funding Ratio

15th July, 2026

The California Public Employees’ Retirement System’s 14.8% return was powered by equities, but its rebuilt private equity programme made the result stronger.

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SWFs Use Secondaries to Reprice Private Market Exposure

23rd June, 2026

After years of pouring capital into private markets, sovereign wealth funds are facing a less comfortable phase. Fund stakes bought for long horizons are staying on balance sheets for longer than expected, and some are now being sold before managers can deliver exits.

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Bridgewater’s Smaller Model Rewrites The State Owner Case

17th June, 2026

Bridgewater’s fund performance has recovered under Nir Bar Dea, but state-owned investors are going in different directions as it churns out better returns for clients but weaker valuations for some owners.

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