19th May, 2023
Indian real estate is a hot target for Singapore’s sovereign wealth fund GIC, which this week signed a US$1.4 billion 50:50 joint venture with Brookfield India REIT (BIRET) to two large commercial office assets in Mumbai and Gurugram – hailed by the fund as “the first-of-its-kind partnership In India between a listed REIT and a global institutional investor.”
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4th May, 2023
Singaporean sovereign wealth fund GIC has joined Canadian, Dutch and Abu Dhabi peers in Europe’s expansion of electric railways, a growth area that is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains.
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28th April, 2023
Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.
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20th April, 2023
State-owned investors (SOIs) are dumping their Shanghai-listed A-Shares and rapidly reducing their exposure to Chinese public markets amid rising geopolitical risks and market uncertainty.
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19th April, 2023
A leading Indian infrastructure investment trust, Cube Highways Trust, has won the backing of Canadian public pension fund British Columbia Investment Management Corporation (BCI) and Abu Dhabi’s sovereign investor Mubadala as anchor investors in its INR52.2 billion (US$630 million) listing.
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14th April, 2023
Sovereign wealth funds have been prominent buyers in listed companies going private in recent months, and yet another big deal is on the horizon: a proposed GBP4.6 billion (US$5.7 billion) takeover of Dechra Pharmaceuticals by the Abu Dhabi Investment Authority (ADIA) and Swedish private equity firm EQT.
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29th March, 2023
March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.
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27th March, 2023
Singapore’s GIC and Temasek have taken the unusual step of combining forces to back the take-over of Australia’s largest integrated power generator and energy retailer, with a view to supporting the country’s net zero goals.
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7th March, 2023
Canada’s biggest public pension fund CPP Investments has boosted its exposure to India’s burgeoning renewables sector with the acquisition of Goldman Sachs’ stake in ReNew Power for US$268 million.
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3rd March, 2023
Singaporean sovereign wealth fund GIC is aggressively pursuing its green energy agenda with more than US$1.4 billion fresh investments this week, targeting all geographies as it buys equity in existing producers as they advance their ambitions in wind and solar.
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14th February, 2023
Singapore sovereign wealth fund GIC has denied the Financial Times’ report that it has “put the brakes on private investments in China” – yet Global SWF data shows a massive tilt away from China and towards the USA, UK and Australia.
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6th February, 2023
The London office real estate market is increasingly attractive as prices drop and the pound sterling remains weak by historical standards.
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