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PIF Taps Debt Markets, Draws on Cash Reserves and Slashes Equities to Prop Up Vision 2030

3rd September, 2024

With its cash resources squeezed by profligate investments ranging from gigaprojects to sports, Saudi Arabia’s Public Investment Fund (PIF) is set to tap debt markets for a fourth time this year.

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India’s Proposed SWF Could be Rival to China’s Silk Road Fund

2nd September, 2024

India’s central bank the Reserve Bank of India (RBI), stock exchange regulator the Securities and Exchange Board of India (SEBI) and officials from the new finance hub, GIFT City, are reportedly exploring the launch of a new sovereign wealth fund, in addition to the existing National Investment and Infrastructure Fund (NIIF).

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Fund of the Month (Sep'24): Australian Retirement Trust (ART)

1st September, 2024

ART was born in February 2022 following the merger between SunSuper and QSuper, the largest in the history of Australia’s superannuation industry. The fund continues to grow with over US$ 200 bn and 2.4 mn members, and it recently announced the proposed merger with another fund, Qantas Super. We were delighted to speak with ART’s Head of Investment Strategy, Andrew Fisher, about the fund’s plans and goals.

South Korea Examines NPS Overhaul to Win Back Confidence

30th August, 2024

South Korea’s National Pension Fund (NPS) is set for an overhaul as it struggles to prove it will provide long-term financial security for the country’s ageing population, although it logged a strong performance in H1 2024 with a return of 9.71% led by robust growth in public equity.

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TSFE: Was CEO the Fall-Guy for Egypt’s Flagging Privatization Program?

29th August, 2024

Cairo has shaken up The Sovereign Fund of Egypt (TSFE) as it seeks to re-energise a flagging privatization program.

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Sovereign Investors Surge Into Digital Infrastructure

28th August, 2024

Public pension funds from Australia, Canada and the Netherlands have swung their support behind the EUR2.1 billion capital-raising by euNetworks amid surging appetite for digital infrastructure among state-owned investors.

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Singapore and Abu Dhabi SWFs: Best Co-Investor Buddies

27th August, 2024

Two of the world’s biggest and most active sovereign wealth funds – Singapore’s US$847 billion GIC and the US$993 billion Abu Dhabi Investment Authority (ADIA) – are teaming up in two blockbuster bids, signalling their co-investment relationship is as strong as ever.

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Norway's NBIM Boosts Renewables with US$1bn Injection

26th August, 2024

Norway’s US$1.7 trillion sovereign wealth fund signalled a departure from its strategy of direct investment in renewable energy with a EUR900 million allocation to the fifth fund launched by Copenhagen Infrastructure Partners (CI V).

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Mubadala Boosts Data Center Investment

23rd August, 2024

Mubadala’s investment in Yondr Group, a UK-based global hyperscale data center developer, represents its fourth major investment in the sector in the past two years as the Abu Dhabi sovereign wealth fund seeks to capitalize on surging growth in demand for AI and other data-intensive technology.

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Malaysia’s Bold Green Growth Ambitions Backed by KWAP, EPF and Khazanah

22nd August, 2024

Prime Minister Anwar Ibrahim has bold visions for his country, set out in a slew of policies under the Madani Economy Framework, which was launched in July 2023, as well as the National Energy Transition Roadmap (NETR), which aims to reduce greenhouse gas emissions by up to 45% by 2030 and achieve net zero by 2050.

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Turkiye's TVF Takes Control of Confiscated Assets, but Strategy is Unclear

21st August, 2024

Türkiye’s President Erdoğan has transferred the assets associated with a rival for power to the Türkiye Wealth Fund (TVF), which he chairs, according to an official government Gazette.

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Mozambique's LNG-Backed SWF Declares US$114mn Initial Inflow

20th August, 2024

The Mozambique Sovereign Fund (FSM) has started receiving modest inflows with US$114 million of gas revenue funnelled into its coffers over the first half of 2024.

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