14th November, 2023
The Abu Dhabi Investment Authority (ADIA) and Malaysia’s Employees Provident Fund have backed the MYR5.7 billion (US$1.2 billion) takeover of southeast Asian hospital operator Ramsay Sime Darby Healthcare by private equity firm TPG and Hong Leong Group.
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13th November, 2023
On Friday, Reuters reported that the China Investment Corporation (CIC) finally found a new chief representative officer for its only overseas office, almost a year after it became vacant. Clare Xiaoqing Bai, a Managing Director that currently serves as Global Head of Private Equity, will move from Beijing to New York to replace Hong Zhang, a trained attorney that spent six years trying to improve the relationships and in-roads of CIC with the Committee on Foreign Investment in the United States (CFIUS).
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10th November, 2023
Quebec’s public pension fund CDPQ is set to join the federal-level CPP Investments in selling weighty secondary portfolios to free up liquidity towards new priorities.
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9th November, 2023
State-owned investors continued to slash their Chinese equity holdings in 2023 due to heightened geopolitical risks, poor returns and reduced IPOs.
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8th November, 2023
The Ireland Strategic Investment Fund (ISIF) steered deftly through turbulent times in H113, securing a 1.7% return, contributing EUR136 million to the sovereign wealth fund’s overall value and helping to support the nation's green transition goals.
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7th November, 2023
The sovereign wealth fund attached to the Hong Kong Monetary Authority (HKMA) is ploughing a new furrow, tying itself closer to China’s Belt and Road Initiative by forging a HK$16 billion (US$2.1 billion) co-investment platform with the Beijing’s Silk Road Fund.
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6th November, 2023
Korea’s US$779 billion National Pension Service (NPS) has cemented its links with its favored US real estate partner Stockbridge Capital Group by buying a significant minority stake in the company, via a separate account investment program administered by Blue Owl, nearly three years after their US$2 billion logistics property deal.
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3rd November, 2023
Canadian pension giant CPP Investments has exited two German wind farms with a C$374 million (US$273 million) profit - but it remains committed to renewables as part of its strategy to achieve C$130 billion of transition and green assets by 2030.
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2nd November, 2023
The parlous state of the Egyptian economy has provided major investment opportunities for the patient capital of Arabian Gulf funds seeking cheap assets – as well as closer geopolitical alliances with North Africa’s most populous and resource-rich country.
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1st November, 2023
Among S. Korean pension funds, the Public Officials Benefit Association (POBA) is known for having modernized its approach to asset allocation and for having boosted AuM and returns in the past few years. We had the great pleasure of speaking with the engineer of such change as the fund’s CIO between 2016 and 2022, Mr. Dong Hun Jang, about the country’s pension system, the fund’s history, and the changes he pushed for during his tenure.
30th October, 2023
Singapore’s GIC is backing a major green ammonia plant in India, being established by the founders of Greenko Group, in which it has a 60% stake.
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27th October, 2023
Australia’s Future Fund reported a negative return of 0.5% in Q3 with A$900 million wiped off the value of the sovereign wealth fund to A$205.2 billion (US$130 billion) – but its 12-month return was a positive 6.3% amid heightened volatility.
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