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Indonesia’s SWF Steps Up a Gear with Hybrid Capital Solutions

3rd December, 2024

The Indonesia Investment Authority (INA) is becoming ever more sophisticated in its approach to investments, moving beyond plunging capital into real assets such as road infrastructure by forging partnerships with investment managers to provide hybrid capital solutions.

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GIC Pushes Further Into Smart Meter Sector, Aiding Energy Transition

2nd December, 2024

Institutional investors are looking at a range of businesses exposed to energy transition, beyond simply investing in renewables and divesting from fossil fuels to “green” their portfolios - and metering solutions form a growing part of boosting operational performance and energy efficiency in the power sector.

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Fund of the Month (Dec'24): Zambia’s National Pension Scheme Authority (NAPSA)

1st December, 2024

The investment landscape of Zambia is quite diverse, with several pension schemes, and there are plans to establish a SWF. NAPSA is the largest pension scheme and is a mandatory scheme covering both the public and private sector, except security personnel. We were delighted to speak with the fund’s Director General, Mr. Muyangwa Muyangwa, about NAPSA’s background, portfolio, and future plans.

Mubadala Builds its Asset Management Empire

28th November, 2024

Mubadala continues to build its asset management empire with the planned acquisition of Toronto-based CI Financial by Mubadala Capital in an all-cash offer of C$12.1 billion (US$8.66 billion) to privatise the alternatives investor.

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Another day, another multi-billion-dollar fund for Abu Dhabi: ADNOC’s XRG

27th November, 2024

On Wednesday, the Board of Directors of Abu Dhabi National Oil Company (ADNOC) endorsed the decision of its CEO to launch a new subsidiary that will lead global investments in low-carbon energy solutions.

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ADIC (the Council) unveils new brand, opens office in NYC

26th November, 2024

On Tuesday, the Abu Dhabi Investment Council (known as ADIC, or simply, the Council) did a rare move when it unveiled its new brand and website, which had barely changed since the inception of the fund.

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PIF Ramps Up US Equities

25th November, 2024

Saudi Arabia’s Public Investment Fund (PIF) saw its allocation to US listed equities rise 29.5% q-o-q to US$26.7 billion with the number of positions rising 42% to 51.

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Canadian Pension Officials Charged with Corruption Over Indian Renewables Investments

22nd November, 2024

The charging of three ex-employees of Canadian pension giant CDPQ by US authorities over a bribery scheme involving Indian billionaire Gautam Adani and Indian government officials creates a new twist in the strained relationship between Canada and India.

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UK Pension Reforms Aim for Consolidation, with More Domestic Focus

21st November, 2024

UK Chancellor Rachel Reeves is seeking a massive shake-up of the country’s pension funds, with a particular focus on the Local Government Pension Scheme (LGPS), to unlock their capital for domestic investment.

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Future Fund and CalPERS Broaden Horizons in Residential Housing

20th November, 2024

Affordable and social housing is emerging as a focus for state-owned investors (SOIs) who see opportunities for real estate asset growth as well as addressing social responsibility in their ESG mandates.

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NBIM Breaks Down Silos, Grouping Unlisted Real Assets with Listed Equities

19th November, 2024

An organizational shake-up is being conducted at Norges Bank Investment Management (NBIM), which oversees Norway’s US$1.7 trillion Government Pension Fund Global (GPFG), with real assets regrouped under the fund’s massive equities portfolio.

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35-year-old Sheikh Saoud takes KIA’s reins as Al-Ghaniman retires early

18th November, 2024

Last week was rather eventful among the SWFs of the Arabian Gulf. In Qatar, QIA changed its leadership on Tuesday, after Al Mahmoud was appointed Minister of Health. In Saudi, PIF decided to change the CEO of its flagship project NEOM on Wednesday, in an effort to ensure the success of the job. In Abu Dhabi, ADIA reported its annual results on Thursday, which according to Global SWF estimates may have signaled a new milestone for its portfolio. And that same day in Kuwait, KIA confirmed the retirement of its MD Ghanem Al-Ghaniman.

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