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ADQ Pushes Further into EM Venture Capital, Diversifying from Core Infra

16th February, 2021

ADQ is a state-owned investor that is set to become a name on everyone’s lips as it begins its push into venture capital and evolves from a holding company dominated by infrastructure assets to a sovereign wealth fund in its own right.

Mubadala Limbers up to Score a Deal with Italian Football Club

15th February, 2021

The future of Italian football club Inter Milan could be soon be determined by Abu Dhabi sovereign wealth fund Mubadala, which is touted by La Repubblica as a front runner for a stake in the Serie A side.

Indian Infra Fund Boosted by New Development Bank

11th February, 2021

India’s National Investment and Infrastructure Fund (NIIF) is close to achieving its US$1 billion target for its Fund of Funds following a US$100 million investment by the BRICS-backed multilateral development bank, New Development Bank (NDB).

APG and CDPQ Join Forces in US$1bn Australian RE Fund

10th February, 2021

Dutch public pension fund manager and Ivanhoé Cambridge, the real estate arm of Canada’s CDPQ, have backed Australia’s biggest ever build-to-rent real estate fund.

PIF Invests in Sharia Credit, Signalling a Renewed Thrust into Private Credit

9th February, 2021

Saudi Arabia’s US$400 billion Public Investment Fund became the latest sovereign investor to enter the growing market for direct lending by becoming an anchor investor in a shariah credit fund. It could signal the beginning of a strong thrust into private credit in an effort to stimulate broader lending availability in Saudi Arabia and beyond.

Self-Driving Start-Ups on the Highway to Growth, Fuelled by Sovereign Investor Capital

8th February, 2021

Self-driving car startups are turning to state-owned investors for capital as they drive past unicorn as the pandemic accelerates the adoption of autonomous transportation technologies. Altogether, state-owned investors have deployed more than US$3.5 billion of capital into autonomous transportation solutions, from robotaxis to food delivery.

Temasek is a Winner in the Blockbuster Kuaishou IPO

5th February, 2021

Today’s block-busting IPO by Kuaishou in Hong Kong saw market cap of the Chinese viral video app reach US$180bn, and increasing the value of Temasek’s initial investment in the TikTok rival by 6.3 times within almost 14 months, according to Global SWF estimates.

Infrastructure Setback for Sovereign Investors as Australian Regulator Flexes its Muscles

4th February, 2021

State-owned investors in Australian regional electricity transmission company Transgrid and could suffer a financial short-circuit after the Australian Energy Market Commission (AEMC) issued a draft ruling against its bid to secure a faster recovery of revenue for large capital investments.

Kuwaiti Government's Cash Crunch Puts Spotlight on KIA

3rd February, 2021

The Kuwaiti government has sold its last performing assets to the Kuwait Investment Authority (KIA) in a bid to bridge its yawning budget deficit as it struggles to pay its bills, but the ongoing fiscal problems and political resistance from parliament pose a challenge to the KIA's future.

Will CDPQ Help Accelerate Indian Highways Investment?

2nd February, 2021

Investment in Indian highways could accelerate in 2021 following a year of stalling activity among state-owned investors, in the wake of the Covid-19 pandemic.

Fund of the Month (Feb'21): NIIF

1st February, 2021

In December 2020, NIIFL announced that it had officially closed the Master Fund, which is focused on Indian core infrastructure, with USD 2.34 billion in commitments, including two SWFs (ADIA, Temasek), four PPFs (AustralianSuper, CPP, OTPP and PSP), US DFC and a number of domestic investors such as ICICI Bank, HDFC Group, Axis Bank and Kotak Mahindra Life Insurance. The institution is now fundraising for a Strategic Opportunities Fund (direct private equity) and a Fund of Funds, targeting a total to US$ 6 billion AuM. NIIFL is now regarded as a success story that focuses on two critical assets for the country – private equity and infrastructure – with governments around the world keen to emulate the model. We had the pleasure to catch up with its Head of Investor Relations & Partnerships, Ms. Saloni Jhaveri.

GIC goes big on US’ Utilities

29th January, 2021

GIC has bought a 20% of Utilities company Duke Energy Indiana for over $2 billion

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