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The Big Apple is Blossoming as PIF Begins Hiring for its New NYC Office

20th September, 2022

Saudi Arabia’s Public Investment Fund (PIF) is expanding its international footprint with its New York City office ramping up personnel to originate new deals that support its rapid growth.

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SWFs Are Key Backers of Porsche’s Mega-IPO – And Have Their Eyes on the Future of Motoring

19th September, 2022

The Qatar Investment Authority (QIA), Norway’s Norges Bank, and Abu Dhabi’s ADQ are joining with institutional investor T. Rowe Price as key cornerstone investors in the EUR9.4 billion IPO of Porsche AG, together committing up to EUR3.7 billion - signalling that SWFs' interest in the automotive industry continues to grow.

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Arab Gulf Funds Venture into the Central Asian Frontier

16th September, 2022

Collectively known as the “stans”, the former Soviet republics of Central Asia are mineral wealthy, but often overlooked beyond their energy sectors – but sovereign wealth funds from the Arabian Gulf region are seeking to change this.

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GIC Finds Sanctuary from Global Crises in Blockbuster US Real Estate Deal

15th September, 2022

A blockbuster deal backed by GIC to take real estate investment trust Store Capital Corporation private is proof that Singapore’s sovereign wealth fund is continuing its swing towards US real estate – as a bolt hole from economic uncertainty.

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PIF Strikes Deal for Saudi Tourism and Launches Airline for NEOM

14th September, 2022

Saudi Arabia’s ambition to become a global tourism destination is led by the US$620 billion Public Investment Fund (PIF), which this week announced it would acquire a 30% stake in Almosafer Travel & Tourism Co., a unit of Riyadh-listed Seera Group Holding for SAR1.55 billion (US$412 million).

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Canadian Funds Divest US Road Asset as they Tilt Towards Asian and European Infra

14th September, 2022

Canadian public pension funds CPP Investments and Ontario’s OMERS have cashed in their investment in Skyway Concession Company (SCC) at twice the value they invested, supporting the idea that infrastructure is a hedge against volatility in more liquid assets, such as public equities.

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NZ Super Hit by Equities Slump With -10.7% Return – But Still Beats Benchmark

12th September, 2022

New Zealand’s sovereign wealth fund, NZ Super, witnessed a -10.7% return in the first half of 2022, according to Global SWF calculations, as the decline in equities wiped NZ$5.6 billion (US$3.4 billion) off its portfolio value.

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What does a Lula Victory Mean for Sovereign Investors in Brazil?

9th September, 2022

The front-runner in the Brazilian presidential election Lula da Silva looks set to take aim at the privatization of the country’s refineries, putting him on collision course with Abu Dhabi sovereign wealth fund Mubadala.

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Egypt’s SWF Prepares IPOs with Arab Gulf Backing

8th September, 2022

A new sub-fund is being established by The Sovereign Fund of Egypt (TSFE) to pool assets for public listing, attracting the interest of Gulf region’s sovereign wealth funds

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The Challenges Facing South Korea’s New Pensions Supremo

7th September, 2022

South Korea’s National Pension Service (NPS) has appointed a new chair as the fund faces a set of challenges amid an increasingly difficult economic outlook.

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Sovereign Investors Undaunted by Indian Renewables Setback

6th September, 2022

The slump in New York-listed Azure Power’s stock value has cast a pall over strategy of state-owned investors who have sunk million in the Indian renewables sector.

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Saudi Arabia's PIF Flies High With New Flag-Carrier

5th September, 2022

The world is set to see a new major flag carrier in the aviation industry, courtesy of Saudi Arabia’s Public Investment Fund (PIF) which is establishing a new airline with a US$30 billion capital injection.

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