3rd May, 2024
The Abu Dhabi Investment Authority (ADIA) is continuing its investment drive in India with the former boosting its support for Mukesh Ambani’s Reliance empire by investing in its logistics infrastructure, while also forging alliances in high growth residential real estate markets.
Subscriber Post
2nd May, 2024
South Korea’s goliath National Pension Service (NPS) is making its biggest allocation to external managers with its plans to invest US$1.1 billion with South Korea-based general partners (GPs).
Subscriber Post
1st May, 2024
AP7 is the state alternative to the private investment funds offered within the Swedish premium pension system. The fund has been the best performing State-Owned Investor globally in the past decade, and recently announced plans to increase the allocation to alternative asset classes from 4% up to 20% of the portfolio. We had the pleasure of speaking with its CEO, Mr. Pål Bergström, about the fund’s success, strategy, and future objectives.
30th April, 2024
Saudi Arabia’s US$925 billion Public Investment Fund (PIF) has given BlackRock a US$5 billion mandate to help establish a multi-class investment firm based in the capital, called BlackRock Riyadh Investment Management.
Subscriber Post
29th April, 2024
Opacity is the common characteristic of most Arabian Gulf sovereign wealth funds, but ADQ’s disclosure this week with a prospectus for a bond issue shines a light on the Abu Dhabi fund’s evolution.
Subscriber Post
26th April, 2024
The Norwegian government’s decision to turn down sovereign wealth fund manager NBIM’s request to diversify into private equity has been followed by a step-up in investments in real estate and renewables.
Subscriber Post
25th April, 2024
Saudi Arabia’s Public Investment Fund (PIF) has forged a joint venture deal with the Kingdom’s telecoms company STC which sees it acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL), which is set to form the basis of the Middle East’s biggest telecommunications infrastructure company – and a global player.
Subscriber Post
24th April, 2024
Gulf sovereign wealth funds are continuing to consolidate assets, grouping them into platforms to become regional and global champions.
Subscriber Post
23rd April, 2024
Emirati sovereign wealth funds’ decision to list assets can help drive private investment into their assets, free up capital for diversifying portfolios and improve transparency – but weighty listed assets can play havoc with portfolio values, as some funds have learned in the year-to-date.
Subscriber Post
19th April, 2024
On Thursday this week, the International Monetary Fund (IMF) published its latest fiscal oil price breakeven in the statistical appendix of its Middle East overview. These are important figures, as they reflect the fiscal situation of the countries in the Gulf Cooperation Council (GCC), when compared to current oil prices.
Subscriber Post
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.
Subscriber Post
17th April, 2024
ADQ subsidiary TAQA is looking to buy out Spanish energy firm Naturgy in what could be the biggest ever acquisition by a sovereign wealth fund portfolio company.
Subscriber Post