Sovereign wealth fund
Singapore’s GIC announces name change
Singapore sovereign wealth fund Government of Singapore Investment Corporation Private Limited has changed its legal name to GIC Private Limited.
ADIA to invest $200m in India’s Kotak Realty Fund – report
Abu Dhabi Investment Authority (ADIA) is reportedly planning to commit about $200 million to Indian real estate and has appointed Kotak Realty Fund, run by Kotak Mahindra Bank, to invest the money.
China appoints Ding Xuedong chair of CIC
China has named Ding Xuedong, a deputy secretary general of the State Council and former vice finance minister, as head of China Investment Corporation (CIC).
Temasek’s portfolio expands to $169b with greater focus on energy
Temasek Holdings saw its portfolio grow to S$215 billion ($169 billion) for the year ended March 2013, up 8.6% from the preceding 12 months.
Singapore’s Temasek establishes UK presence
Temasek Holdings has set up a unit in the UK that will focus on investments in Europe. It is the Singaporean sovereign wealth fund’s 10th overseas office or affiliate.
CIC's head of PE sees opportunities in Europe
The challenging fundraising environment means it is a good time to target private markets, and Europe in particular, according to the head of China Investment Corporation's (CIC) private equity investment department.
A taste of Europe: Asian investor objectives
Asian LPs have become part of the landscape of European private equity, pursuing opportunities across buyouts, secondaries, credit and distress. But what do they really want from the region?
European infrastructure: Bubble at the core
Asian investors are drawn to the diversification and yields offered by European infrastructure, but certain segments of the market are overheating. Prices are getting bid up and returns are likely to be pushed down
Temasek sets up dedicated LNG investment unit
Temasek Holdings has set up an investment unit dedicated to liquefied natural gas (LNG) assets. The move comes as the Singaporean sovereign wealth fund seeks to increase its energy exposure – as also evidenced through recent PE investments – in recognition...
Hassad backs India's Bush Foods, Standard Chartered exits
Hassad Food, a unit of Qatar Investment Authority (QIA), has acquired a majority interest in India-based basmati rice producer Bush Foods Overseas. The transaction facilitates the exit of Standard Chartered Private Equity (SCPE), which invested INR1.1...
Asia has more than one third of global sovereign assets – study
Asia accounts for 39% of the $5.2 trillion in sovereign wealth fund (SWF) assets globally, with China alone holding $1.49 trillion, according to a new study.
Temasek unit completes Singapore’s biggest IPO in two years
Mapletree Greater China Commerical Trust (MGCCT), a unit of Temasek Holding's real estate arm, has raised $1.3 billion in Singapore's biggest IPO in two years.
Kazakh sovereign fund buys stake in domestic zinc producer
Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has bought a 29% stake in Kazzinc, a domestic zinc producer controlled by Glencore.
Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance...
Malaysia’s Ekuinas wants Icon Offshore to list by 2014
Ekuinas, the Malaysia sovereign wealth fund, plans to list its oil and gas services unit, Icon Offshore, within three years. Abdul Rahman Ahmad, the Icon’s CEO, said the company was already eligible for an IPO but they want to wait until earnings justify...
Asia fundraising: Emerging LPs
Led by a clutch of sovereign wealth funds, Asia’s emerging LPs are looking to boost their alternatives exposure. Fund managers in search of allocations must find out what makes these institutions tick
Ekuinas acquires Malaysian shipping services provider
Ekuinas, the Malaysian sovereign wealth fund, has completed a MYR220.9 million ($72.3 million) buyout of OMNI Petromaritime, a company that provides offshore support vessels to the oil and gas industry. Ekuinas acquired an 82.5% stake in OMNI for MYR150.9...
The revolving door: Chinese LPs and talent retention
Employing people in China, especially at junior level, is an illuminating experience. Job notices provoke a barrage of resumes crammed with work experience. After the customary 30-second scan, you are forced to blink and re-read, asking yourself, “How...
ADIA hires new head of principal investments
Abu Dhabi Investment Authority (ADIA) has appointed Colm Lanigan as head of principal investments in its private equities department. Working alongside senior management, Lanigan is responsible for the identification, execution and management of direct...
Asia, Middle East investor group buys 10% stake in CVC
A group of investors has purchased a 10% stake in CVC Capital Partners as the private equity firm seeks to deepen ties with existing LPs, potentially making it easier to raise capital for future funds. It follows moves by TPG Capital and Apax Partners...
Carlyle-backed China Pacific taps sovereign funds
China Pacific Insurance, a portfolio company of The Carlyle Group, has sold HK$10.4 billion ($1.3 billion) in new shares to Government of Singapore Investment Corp. (GIC), Norges Bank and Abu Dhabi Investment Authority (ADIA).
CIC trims financials exposure with partial exit from BlackRock
China Investment Corporation (CIC) has exited most of its holding in asset manager BlackRock as part of a wider effort to reduce its exposure to international financial institutions.
Australia's QIC to pick up Swedish PE interests - report
Queensland Investment Corporation (QIC) is reportedly set to buy almost 10% of a EUR1.5 billion ($1.9 billion) portfolio of private equity interests being sold by Swedish insurance group Länsförsäkringar.
GIC boosts cash exposure, warns of global volatility
Government of Singapore Investment Corp’s (GIC) exposure to alternative assets remained unchanged during the year ended March 2012 as cash reserves rose steeply at the expense of fixed income and developed market public equities holdings.