News

Kuwait Dives Into AI: What KIA’s Backing of Microsoft-led US$30bn Strategy Really Means

6th June, 2025

The artificial intelligence arms race just gained another trillion-dollar contender. This week, the Kuwait Investment Authority (KIA), the world’s oldest and one of the largest sovereign wealth funds, announced it will become the first non-founder financial anchor in the Microsoft- and BlackRock-backed AI Infrastructure Partnership - a US$30 billion global initiative to bankroll the next generation of AI infrastructure.

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The US$1 billion sale of Khazanah: Pruning the Past, Betting on Malaysia's Future

4th June, 2025

Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, is reportedly in the process of liquidating over US$1 billion in private equity fund stakes.

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India Offers Tax Holidays to Reel In Saudi Arabia’s US$100 Billion Investment Windfall

3rd June, 2025

India is pulling out all the stops to court Saudi Arabia’s mighty Public Investment Fund (PIF). In a fast-paced bid to unlock up to US$100 billion of Saudi investment, New Delhi has proposed a 10-year tax holiday on profits and sweeping exemptions on interest, dividends, and capital gains for PIF.

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Dubai Holding Makes History with First Pure-Play Residential REIT Listing in the GCC

2nd June, 2025

Dubai’s first IPO of 2025 – a Real Estate Investment Trust launched by state-owned investor Dubai Holding – has been a resounding success.

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Fund of the Month: New South Wales Treasury Corporation (TCorp)

1st June, 2025

TCorp is one of the most prolific investment managers in Australia, investing capital on behalf of State Super (a superannuation fund) and NSW Generations Fund (a sovereign fund), among other clients. We were delighted to speak with Mr. Stewart Brentnall, its Chief Investment Officer, and Ms. Alexis Cheang, its Head of Investment Stewardship, about TCorp’s portfolio, strategy, and goals.