Mubadala Set to Become a World-Leader in Private Credit Investment

10th May, 2023

Mubadala is furthering its ambition to become a major player in global credit markets with the expected purchase of asset manager Fortress Investment Group from SoftBank Group for US$3 billion, according to the FT.

India’s NIIF Seeks Fresh Capital and UAE Backing

9th May, 2023

India’s state-owned strategic fund the National Investment and Infrastructure Fund (NIIF) is planning to launch a second fund of funds this year to inject US$1 billion in liquidity into funds operated by local asset managers, according to The Mint – the fund has made no official announcement.

Global SWF participates in the launch of Kosovo SWF

8th May, 2023

Last Sunday, May 7, the Republic of Kosovo officially established its very own Sovereign Wealth Fund. The launch ceremony took place in Pristina with Prime Minister Albin Kurti acting as keynote speaker, and Germany’s independent foundation Friedrich Ebert Stifung (FES) acting as co-host of the event.

CDPQ receives the “Fund of the Year” award from Global SWF

5th May, 2023

On April 20, Charles Emond, President and Chief Executive Officer of CDPQ, received from Diego Lopez, Founder and Managing Director of Global SWF, the physical award “Fund of the Year” at the headquarters of the Canadian pension manager in Montréal.

Electrification of European Rail Boosted by Sovereign Funds

4th May, 2023

Singaporean sovereign wealth fund GIC has joined Canadian, Dutch and Abu Dhabi peers in Europe’s expansion of electric railways, a growth area that is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains.

NZ Super best performing Sovereign Investor, CEO to leave by year-end

3rd May, 2023

As in 2021 and 2022, we have studied the performance of all major Sovereign Investors. By May, most organizations had already released results, although eight of the 50 funds featured below were yet to report them and we estimated their FY22 yield based on benchmarks. Whenever possible, returns are expressed in net, nominal terms.

Steely Chinese Backing for Saudi PIF-Led Industrialization Push

2nd May, 2023

Saudi Arabia’s US$730 billion Public Investment Fund (PIF) has won backing from leading Chinese steel corporation Baoshan Iron & Steel (Baosteel) to establish the Kingdom’s first integrated steel plate manufacturing plant – and the fund is creating possibilities in green steelmaking through new partnerships.

Fund of the Month (May'23): Thailand's Government Pension Fund (GPF)

1st May, 2023

In our April newsletter, we looked at female leadership at State Investors. Only two Asian funds are led by women today: KWAP and GPF. We had the great pleasure of speaking with Dr. Srikanya Yathip, the Secretary General of Thailand’s GPF, which has been evolving and growing very rapidly and could become a significant investor at global scale in the next few years.

GIC Finds Shelter From Stagflation in Tailwinds of Digital Economy and Renewables Growth

28th April, 2023

Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.

Future Fund Looks to Commodities as Stagflation Hedge

27th April, 2023

Australia’s A$202.8 billion (US$135.8 billion) Future Fund notched up a 3.4% return in the first quarter, as it displayed resilience against stock market volatility and inflation, delivering a 1.1% return for the full financial year ending in March.

Canadians Funnel More Capital Into Indian Investment Trusts

26th April, 2023

Canadian public pension funds are planning to funnel US$1 billion of fresh capital into infrastructure investment trusts (InvITs) focusing on renewables and roads.

Mubadala Boosts Brazil's Bid for Low Carbon Fuel

25th April, 2023

Abu Dhabi sovereign wealth fund Mubadala is backing a major leap forward in aviation by funding a US$2.5 billion project to build a sustainable fuel plant in Brazil.

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