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Russian SWF's Geopolitical Pivot Towards Chinese Yuan Increases Risks

4th June, 2021

Russia’s decision to ditch the US$ from the holdings of the National Welfare Fund (NWF) and switch to other currencies reflects geopolitical dynamics as the Putin administration responds to US-led threats of sanctions – but threatens to expose the portfolio to higher levels of risk.

Sovereign Investor Excitement Builds Over Indian Retail and Office Real Estate

3rd June, 2021

India’s retail and office real estate is increasingly attractive to SOIs, just as interest has cooled in European real estate markets. And the punishing impact of the pandemic on the South Asian giant’s economy has not dented enthusiasm for the potentially strong long-term returns from this fast-growing country.

Mubadala and OMERS Back German Trend-Setting Insurtech Unicorn

2nd June, 2021

German insurtech startup WeFox’s US$650 million Series C funding round has won the backing of Abu Dhabi sovereign wealth fund Mubadala and Canadian public pension fund OMERS, making it one of the largest Series C venture capital rounds of all time.

Fund of the Month (Jun'21): Bpifrance

1st June, 2021

We had the pleasure of catching up with Mr. Pascal Lagarde, Bpifrance's Executive Director of International, Strategy, Studies & Development.

Focus on Australia: GIC Joins Canadian PPFs in Setting Up Sydney Office

31st May, 2021

Singaporean sovereign wealth fund GIC is set to join four other foreign state-owned investors in setting up an office in Sydney, Australia.

Korean Funds NPS and KIC Back US$2bn US Logistics Fund

28th May, 2021

Korea’s leading state-owned investors, the National Pension Service (NPS) and the Korea Investment Corporation (KIC), have forged their first ever co-investment, piling a total of US$600 milllion into a US$2 billion North America logistics real estate fund managed by GLP Capital Partners.

Temasek Pours More Funds into India's Promising Private Credit Market

27th May, 2021

Temasek has followed a clutch of state-owned investors in pouring more funds into private lending operations, seeking opportunities for growth despite the Covid-19 pandemic.

Temasek Deepens its Agri-Tech Exposure

26th May, 2021

Singapore is always on the look out for innovation in agriculture to bolster domestic food security. The island city state’s strategic interest combined with Temasek’s appetite for tech venture capital and the emphasis on global sustainable food production is prompting the state-owned investor to deploy capital into agritech solutions.

GIC Smells the Coffee in Korea

25th May, 2021

Singaporean sovereign wealth fund GIC is buying a 30% stake in Starbucks Korea for KRW800 billion (US$713 million) from Starbucks Corp, reports EconoTimes.

CPP Reports Record Return in a Year of Crisis, Looks to Asia for Growth

24th May, 2021

Many state-owned investors have quickly adapted to crisis with bumper returns. Canada’s biggest public pension fund CPP Investments has ended its fiscal year with a net return of 20.4%, its highest ever. CPP Investments’ net assets were boosted by C$87.6 billion to C$497.2 billion.

Indonesian SWF Secures Multi-Billion Dollar Infra Deal

21st May, 2021

An agreement for a US$3.75 billion infrastructure platform marks the first investment vehicle for the Indonesia Investment Authority (INA), backed by Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and APG Financial. The consortium will invest in toll roads with assessments of opportunities over the next six months.

Israel: NBIM's Exclusions Dwarfed by Influx of UAE and Singaporean Capital

20th May, 2021

Foreign policy concerns are influencing state-owned investors’ approach to investing in Israel, with Arab rapprochement with this advanced economy contrasting with growing European caution about human rights.

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