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Sovereign Investors Plug into Europe’s Grid Supercycle

25th September, 2025

This week, the Dutch government announced the partial sale of TenneT’s German operations to a consortium of long-term investors: Norway’s Norges Bank Investment Management (NBIM), Singapore’s GIC, and Dutch pension fund APG.

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KIC’s First Korean Private Equity Mandates: Strategy, Catch-Up, or Both?

24th September, 2025

The US$206.5 billion Korea Investment Corporation (KIC) is about to award its first mandates to domestic private equity managers. According to industry sources, the sovereign wealth fund will commit between US$100-200 million to two or three Korean firms.

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EGA’s Listing Test: Policy, Power, and Mubadala and ICD Strategy

23rd September, 2025

Emirates Global Aluminium (EGA) is moving forward to an IPO, lining up Citi, Goldman Sachs, Emirates NBD Capital and First Abu Dhabi Bank. A valuation of US$10-15 billion has been estimated, but the listing venue - Abu Dhabi (ADX) or Dubai (DFM) - still in play.

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Botswana launches new sovereign wealth fund to drive growth beyond diamonds

22nd September, 2025

Botswana has launched a new sovereign wealth fund – the Botswana Sovereign Wealth Fund Ltd - with a clear brief: help diversify the economy, support job creation, and professionalise the management of state-owned assets.

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Türkiye Wealth Fund: 2024 performance, 2025 strategy, and the road ahead

19th September, 2025

Türkiye Wealth Fund (TWF) closed 2024 with larger scale, stronger margins, and ample liquidity - setting up a more confident funding strategy through 2025.

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ADIA scores modest gains in 2024, looks at China and India for growth

18th September, 2025

On Wednesday, ADIA released its results for the year ended on December 31, 2024 – surprisingly early when compared to the timeline of the past few years. Below is our usual reading between the lines, for our subscribers:

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Biggest-Ever SWF Divestment: GIC’s Potential US$10bn Exit from YES! Communities

17th September, 2025

GIC could be about to make the biggest commercial divestment in sovereign wealth fund history as it seeks to recycle assets, shore up its resilience and redeploy capital into new strategic sectors.

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ADIC continues to build its Dream Team – with a focus on Strategy and Returns

16th September, 2025

This week a new move shook the world of Sovereign Investors, as Australia Future Fund’s CIO Ben Samild quit after 12 years to become the new Chief Strategist of the Abu Dhabi Investment Council (ADIC).

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GIC and ADIA Back Vantage’s APAC Push - What the Johor Deal Signals

15th September, 2025

Vantage Data Centers has secured US$1.6 billion from an affiliate of GIC and a wholly owned ADIA subsidiary to expand its Asia-Pacific platform and acquire Yondr Group’s 300MW+ data-centre campus in Sedenak Tech Park, Johor (Malaysia).

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Mubadala’s du Selldown Demonstrates Portfolio Management and Local Equity Playbook

11th September, 2025

Mubadala’s secondary sale of up to 7.55% of du (EITC) signals how sovereign capital is steering the UAE’s equity markets in 2025, as well as demonstrating its bid to liquidise assets through public markets as it redeploys capital to other strategic sectors.

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NZ Super’s FY25: Solid gains, sober tone - and a clearer steer on where it’s heading

10th September, 2025

The New Zealand Superannuation Fund (NZ Super) ended the year to 30 June 2025 with an 11.84% pre-tax return after costs, lifting assets to NZ$85.1 billion (US$50.5 billion) and adding NZ$8.4 billion (US$5.0 billion) over the year.

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NPS mid-2025: Solid Returns, Currency Volatility, and a Strategic Tilt

9th September, 2025

South Korea’s National Pension Service (NPS) posted a +4.08% money-weighted return in the first half of 2025, generating KRW 49.8 trillion (US$36.9 billion) of investment income.

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