27th August, 2024
Two of the world’s biggest and most active sovereign wealth funds – Singapore’s US$847 billion GIC and the US$993 billion Abu Dhabi Investment Authority (ADIA) – are teaming up in two blockbuster bids, signalling their co-investment relationship is as strong as ever.
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12th August, 2024
Abu Dhabi continues to invest weighty sums in asset managers with the US$993 billion Abu Dhabi Investment Authority (ADIA) forming a consortium with CVC Private Equity Funds and Nordic Capital to take the London-listed Hargreaves Lansdown private in a GBP5.4 billion (US$6.9 billion) takeover bid.
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28th June, 2024
Canadian public pension fund AIMCo has joined peers in offloading chunky private equity portfolios as markets pick up, taking advantage of a revival of interest in private equity and rebalancing its portfolio.
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19th June, 2024
Sovereign wealth fund interest in Japan is modest compared to economies of a similar size and diversity, but this could all change with Asian and Middle Eastern funds showing increasing interest.
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17th June, 2024
The Abu Dhabi Investment Authority (ADIA), the biggest of Abu Dhabi’s three sovereign wealth funds, has agreed to invest alongside Advent to take up a combined 20% stake in Fisher Investments for US$2.5-3.0 billion as it ramps up its private equity and private credit portfolio.
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14th June, 2024
Private equity group Ardian is combining forces with Qatari and Saudi sovereign wealth funds in two separate major European transactions in the aviation sector, demonstrating an ongoing strategy to work closely with state-owned investors and combine their capital strengths.
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13th May, 2024
France’s strategic investor Bpifrance has strengthened its relationships with Gulf peers with a series of agreements with sovereign wealth funds of Kuwait, Qatar and Abu Dhabi committing capital to French startups.
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18th April, 2024
India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund Ltd (NIIF), is planning to raise a second Private Markets Fund after it closes its first one later this year, which was set to deploy US$600 million in Indian private equity funds.
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15th April, 2024
The Norwegian parliament has dismissed a central bank recommendation that the 3-5% of the US$1.6 trillion Government Pension Fund Global (GPFG) – overseen by Norges Bank Investment Management (NBIM) – be invested in private equity... but has not ruled out the proposal forever.
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3rd April, 2024
After five years serving as NZ Super’s CIO, Stephen Gilmore is packing his bags for California where he is set to start his new job at the US$494 billion CalPERS, the US’s largest public pension fund and a massive step up from the US$70 billion New Zealand sovereign wealth fund.
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5th December, 2023
The US$46.5 billion Swedish public pension fund AP3 has followed many other peers in forging an alliance for private equity co-investments, working with Wafra, a New York-based subsidiary of Kuwait’s public pension fund, the Public Institution for Social Security (PIFSS).
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28th November, 2023
The world’s biggest sovereign wealth fund looks set to enter the private equity market for the first time, under the direction of former hedge fund manager CEO Nicolai Tangen.
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