Future Fund
GPs highlight merits of differentiation – AVCJ Forum
General partners stressed the need for differentiation in devising strategies to capitalize on private equity growth in Asia Pacific.
Blackstone appoints Costello chairman for Australia, New Zealand
Paul Costello, who stepped down as general manager of Future Fund late last year, has been appointed The Blackstone Group’s non-executive chairman for Australia and New Zealand. He will report to Tony James, the private equity firm’s president, and...
Future Fund decreases Telstra stake, reports 12.4% return on portfolio
Australian pension vehicle Future Fund has decreased its stake in Telstra to 2.5%, five years after inheriting the telecommunications firm from the federal government.
Archer’s fifth fund could reach $1.5b
Archer Capital’s much talked-of fifth fund could reach A$1.4 billion ($1.5 billion), with Future Fund expected to sign up as an investor, The Australian reported. The fundraising target was previously said to be A$ 1.2 billion ($1.27 billion).
Vehicles of the state
Closely followed yet widely misunderstood, sovereign wealth funds are making a big impression on private equity in Asia
SWF group forms permanent secretariat
WITH AN INCREASING AMOUNT OF wealth being accumulated domestically, sovereign wealth funds are continuing their efforts to enlarge their exposures in the global markets. A group of them gathered together in Beijing earlier this month for the annual...
Australia’s Future Fund invests in Gatwick Airport
The Future Fund, Australia’s Sovereign Wealth Fund, has reached an agreement to buy a 17.2 % stake London’s Gatwick Airport from the Global Infrastructure Partners (GIP) for approximately $200 million.
Australia's Future Fund GM Paul Costello to depart
The GM of Australian sovereign wealth fund Future Fund Management Agency, Paul Costello, has handed in his resignation, leaving the A$87 billion ($82.3 billion) fund looking hard to find a replacement by the year’s end.
SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.