Layout:

Korean Pension Giant’s Stockbridge Deal Boosts its Foreign Real Estate Exposure

6th November, 2023

Korea’s US$779 billion National Pension Service (NPS) has cemented its links with its favored US real estate partner Stockbridge Capital Group by buying a significant minority stake in the company, via a separate account investment program administered by Blue Owl, nearly three years after their US$2 billion logistics property deal.

Subscriber Post

The Winds of Change at CPP as it Makes German Renewables Divestment

3rd November, 2023

Canadian pension giant CPP Investments has exited two German wind farms with a C$374 million (US$273 million) profit - but it remains committed to renewables as part of its strategy to achieve C$130 billion of transition and green assets by 2030.

Subscriber Post

Gulf Funds Snap Up Egyptian Government Assets

2nd November, 2023

The parlous state of the Egyptian economy has provided major investment opportunities for the patient capital of Arabian Gulf funds seeking cheap assets – as well as closer geopolitical alliances with North Africa’s most populous and resource-rich country.

Subscriber Post

Fund of the Month (Nov'23): Public Officials Benefit Association (POBA)

1st November, 2023

Among S. Korean pension funds, the Public Officials Benefit Association (POBA) is known for having modernized its approach to asset allocation and for having boosted AuM and returns in the past few years. We had the great pleasure of speaking with the engineer of such change as the fund’s CIO between 2016 and 2022, Mr. Dong Hun Jang, about the country’s pension system, the fund’s history, and the changes he pushed for during his tenure.

GIC’s Green Hydrogen Strategy Looks to India

30th October, 2023

Singapore’s GIC is backing a major green ammonia plant in India, being established by the founders of Greenko Group, in which it has a 60% stake.

Subscriber Post

Future Fund Limits Equities Volatility by Tilting to Private Credit

27th October, 2023

Australia’s Future Fund reported a negative return of 0.5% in Q3 with A$900 million wiped off the value of the sovereign wealth fund to A$205.2 billion (US$130 billion) – but its 12-month return was a positive 6.3% amid heightened volatility.

Subscriber Post

PIF Drives Local Automotive Value Chain with New Ventures with Global Partners

26th October, 2023

Saudi Arabia’s sovereign wealth fund is driving forward its plans to develop a fully integrated automotive industry in the Kingdom with this week seeing it sign deals with Hyundai and Pirelli for new manufacturing plants, while it is investing in the infrastructure to support its EV adoption ambitions.

Subscriber Post

CPP Greens the Grey, Boosting Returns Through Net Zero Transition

25th October, 2023

Canada’s federal public pension fund, CPP Investments, is looking to take the tougher route towards greening its portfolio – but one that will have more impact on the energy transition.

Subscriber Post

Norway’s SWF mirrors the market, stays as world’s largest

24th October, 2023

Norway’s sovereign wealth fund, known as GPFG or NBIM, returned -2.1% in the third quarter of 2023, with all asset classes having similar negative returns. The aggregrate results for the first nine months of 2023 are still positive at 7.7%, thanks to the strong recovery of the equity markets, when compared to 2022.

Subscriber Post

ADQ’s portfolio jumps to US$ 200 billion pushed by TAQA’s rally

23rd October, 2023

Abu Dhabi Inc. is an ever-changing landscape, and its various Sovereign Wealth Funds are making strides both at home and overseas. One of them is ADQ, formerly known as Abu Dhabi Development Holding, which contributes to about 22% of the emirate’s non-oil GDP.

Subscriber Post

ADQ’s Consolidation Drive Creates Multi-National Pharma Conglomerate

20th October, 2023

Abu Dhabi’s infra-heavy sovereign wealth fund ADQ continues to pursue a policy of consolidation of portfolio companies into large conglomerates ahead of listing, with pharmaceuticals next in line for the rapid restructuring process – following the same path as PureHealth which in August grouped together the emirate’s heathcare interests.

Subscriber Post

India's Bargain Roads Sell-Off Will Draw SWFs

19th October, 2023

India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), is planning to offload a road portfolio worth around INR100 billion (US$1.2 billion), representing a huge chunk of its Master Fund.

Subscriber Post