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World’s Biggest SWF to Consider Private Equity, But Don’t Hold Your Breath

12th April, 2023

Norway’s US$1.35 trillion sovereign wealth fund, the Government Pension Fund Global, could start investing in private equity, potentially funneling billions into the asset class - but even if Norges Bank Investment Management (NBIM) agrees to a government request to examine "various aspects of unlisted equities”, any deployment is likely to be gradual and conservative.

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Temasek Boosts Indian Healthcare, Buying Out NIIF's Stake in Hospital Chain

11th April, 2023

Singapore’s US$298 billion sovereign wealth fund Temasek is making an aggressive push into India’s rapidly growing health sector by bumping up its stake in Manipal Health Enterprises from 18% to 59%.

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Saudi Arabia Takes Gaming Seriously with Massive Acquisition

6th April, 2023

Savvy Games, a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), continues its focus on the gaming industry with a US$4.9 billion takeover of Scopely, which owns several popular franchises.

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Israel’s New SWF Struggles to Meet AUM Target, But Reports Strong Yield

5th April, 2023

Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.

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Nigeria's Sovereign Fund Expands in Challenging Times

4th April, 2023

The Nigeria Sovereign Investment Authority (NSIA) has reported a 10th consecutive year of growth – as Aminu Umar-Sadiq took up the sovereign wealth fund’s leadership.

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Turkish Sovereign Fund Capitalizes Banks Ahead of Elections

3rd April, 2023

Turkiye's sovereign wealth fund has injected TRL111.7 billion (US$5.8 billion) of capital into three state-owned banks - Ziraat, Vakıfbank and Halkbank - ahead of the May elections to boost lending, and generate economic growth.

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Fund of the Month (Apr'23): Investment Management Corporation of Ontario (IMCO)

1st April, 2023

Ontario is home to several world-class pension managers, including IMCO. The fund was established in 2016 to add value to public-sector clients of the Canadian province and is now the largest manager outside the “Maple 8”. We caught up with Rossitsa Stoyanova, one of the few female CIOs of a Sovereign Investor, about IMCO’s ambitions and about female leadership.

The Great Escape: CIC Sells London Property at a Loss

30th March, 2023

The China Investment Corporation (CIC) has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.

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State Investors Cash In Stockholdings for Infrastructure

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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Egypt’s SWF Launches Strategic Innovation District

29th March, 2023

The Sovereign Fund of Egypt (TSFE) is launching an innovation district in the Ministry of Interior’s former headquarters in Lazoghli in Cairo.

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Singaporean State Investors Boost Australian Decarbonization

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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Canada's AIMCo Breaks the Mold With Abu Dhabi Office Plans

24th March, 2023

Canada’s US$129 billion Alberta Investment Management Corporation (AIMCo) is planning a push into the Middle East with a potential new office in Abu Dhabi.

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