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Investcorp: A Nexus of China-Gulf Economic Relations

8th April, 2024

The China Investment Corporation (CIC) is reportedly in dialogue with Bahrain-based Investcorp to potentially back a US$800 million investment vehicle that will back pre-IPO Middle Eastern companies.

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Lunate Brings Oil Pipelines Back In-House, Slashing FDI in Midstream Infra

5th April, 2024

Lunate Capital, a multi-asset class investment manager backed by Abu Dhabi sovereign wealth fund ADQ and seeded with US$50 billion, has conducted its first major transaction, acquiring a 40% stake in Adnoc Oil Pipelines from BlackRock and KKR.

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Mubadala Pushes into Indian Healthcare and Financial Services

4th April, 2024

India forms a central platform for Mubadala’s objective of doubling its exposure in Asia by 2030 from 12% is in Asia in 2023 to 25%. While infrastructure has been the core focus of Abu Dhabi’s investment in India, the Emirate’s sovereign investment vehicles – Mubadala, ADIA and ADQ – are diversifying their private market portfolios.

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CalPERS Recruits NZ Super's CIO to Overhaul Private Equity and Boost Sustainable Investment

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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Gulf SWFs Build their EV Empires

2nd April, 2024

The Gulf region’s sovereign wealth funds have pursued very different strategies towards the rise of electric vehicles.

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Fund of the Month (Apr'24): Aware Super

1st April, 2024

Aware Super is Australia’s third largest profit-for-member industry superannuation fund, with AU$ 175 billion (US$ 114 billion) under management on behalf of 1.2 million members and a brand-new office in London. We had the pleasure of speaking with its CEO, Ms. Deanne Stewart, about the fund’s strategy, future objectives, female leadership and how the industry needs to evolve to meet future retirement needs.

Sovereign-Backed UK Water Utility Faces Nationalization Amid Crisis

28th March, 2024

The UK’s biggest water utility, Thames Water, which is two-thirds owned by state-owned investors, looks set to be renationalized – at least temporarily – after its shareholders refused to throw it a financial lifeline.

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NZSuper Enters a New Era

27th March, 2024

NZ Super’s Guardians have appointed Jo Townsend as CEO as the Crown entity enters a new era, in which it is showing increasing interest in originating its own direct investments and acquisition of foreign assets.

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Going Electric: Gulf SWFs Boost Capital in Luxury Carmakers

26th March, 2024

Saudi Arabia’s Public Investment Fund (PIF) and Bahrain’s Mumtalakat have stumped up more money in their automotive interests in return for equity as they support plans for growth in a challenging market.

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Dubai Holding's Real Estate Acquisitions Bolster Its Global Plans

25th March, 2024

Dubai Holding (DH) has absorbed two of the Emirate’s real estate giants, Nakheel and Meydan, as the sovereign investor seeks to advance the Emirate’s goal in becoming a global investor.

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ADIA Leads Excitement Over New Indian Unicorn

22nd March, 2024

In a sign that venture capital is rebounding from a dismal 2023, the Abu Dhabi Investment Authority (ADIA) is reportedly in talks to back a late stage funding round by India’s Pocket FM as it seeks to advance its audio streaming service into new markets.

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ADIA and CPP Deepen Real Estate Debt Exposure

21st March, 2024

The hiking of interest rates has impacted on real estate valuations, leading to a shortfall in supply of finance for borrowers with maturing loans. Lenders are looking for more capital to approval debt renewals, creating opportunities for higher margins – and winning the interest of big sovereign investors.

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