16th April, 2021
Bangladesh is following a growing trend of quasi-SWF infra funds with the launch this week of the Bangladesh Infrastructure Development Fund (BIDF), using a foreign exchange windfall. Yet, the BIDF carries the risk of potentially risky FX reserve depletion and the build-up of a bad loan portfolio that could ultimately undermine its purpose.
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1st February, 2021
In December 2020, NIIFL announced that it had officially closed the Master Fund, which is focused on Indian core infrastructure, with USD 2.34 billion in commitments, including two SWFs (ADIA, Temasek), four PPFs (AustralianSuper, CPP, OTPP and PSP), US DFC and a number of domestic investors such as ICICI Bank, HDFC Group, Axis Bank and Kotak Mahindra Life Insurance. The institution is now fundraising for a Strategic Opportunities Fund (direct private equity) and a Fund of Funds, targeting a total to US$ 6 billion AuM. NIIFL is now regarded as a success story that focuses on two critical assets for the country – private equity and infrastructure – with governments around the world keen to emulate the model. We had the pleasure to catch up with its Head of Investor Relations & Partnerships, Ms. Saloni Jhaveri.
22nd January, 2021
Indonesia’s plans to encourage FDI in startups through liberalization measures coupled with its new SWF acting as a lightning rod for capital will spur sovereign investor interest in a large swathe of an economy that offers stable growth and huge potential.
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29th December, 2020
The Nusantara Investment Authority (NIA) may have closed its first fund for investments in domestic infrastructure, from an array of international #SOIs
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23rd December, 2020
Congratulations to National Investment and Infrastructure Fund (NIIF) for the successful closing of its Master Fund, which exceeded the initial fundraising target and includes 2 SWFs and 4 PPFs
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1st August, 2020
The Turkish Sovereign Fund was established in 2016 as the strategic investment arm of the Republic of Turkey. After a rocky start where the country’s President Erdogan rewamped TWF’s management and reshuffled the board by appointing himself as the Chairman, the fund seems to have finally found the support and stability to be among the world’s leading SWFs. The recruitment of Mr. Zafer Sönmez as its CEO in September 2018, after he had spent six years with Khazanah, has been instrumental towards that goal. We had the pleasure of catching up with Mr. Sönmez and discussing with him TWF’s recent progress and improvement of its GSR score.