From Thestar.com.my: The fund management unit of JP Morgan said it had joined a sovereign wealth fund from Singapore to acquire a 42-storey office tower in Frankfurt’s central business district for an undisclosed sum.

One of its funds partnered with the real estate arm of the Government of Singapore Invest-ment Corporation (GIC) to buy the property from a Tishman Speyer fund and Swiss bank UBS AG, JP Morgan Asset Management (JPMAM) said…………………………………….Full Article: Source

From WSJ: TPG Capital and Singapore’s sovereign wealth fund, Government of Investment Singapore Corp., jointly invested in Indonesian coal service mining company PT Delta Dunia Makmur Tbk, following a string of companies from India and China that have been buying stakes in Indonesian coal miners.

A statement on Delta Dunia’s website issued late Saturday said a consortium of affiliates and investment vehicles of U.S. private equity firm TPG and the Singapore fund, known as GIC, had made the investment. The statement didn’t give financial details, but a person familiar with the situation said that the investment would be about $400 million…………………………………….Full Article: Source

From Brecorder.com: U.S private equity firm Texas Pacific Capital and Singapore sovereign wealth fund GIC invested 2.99 trillion rupiah ($331 million) for a stake in an Indonesia coal contractor, two sources with knowledge of the deal said on Sunday.

TPG and GIC have bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which owns 40 percent in PT Delta Dunia Makmur , according to a statement to Indonesia’s stock exchange, following a report in the Financial Times on December 18 about the deal…………………………………….Full Article: Source

Emerging markets private equity investor Actis, and an affiliate of the Government of Singapore Investment Corporation (GIC), announced an investment each of US$77m in one of India’s leading power developers, GVK Energy.

GVK Energy, a wholly owned subsidiary of GVK Power and Infrastructure Limited (’GVKPIL’) is one of the first private sector developers in India. GVK’s power portfolio comprises an operational capacity of 909 MW with a further 4200 MW in various stages of development. This funding round enables GVK Energy to further develop, construct and operate power plants in India…………………………………….Full Press Release: Source

From Bangkokpost.com: The government’s effort to keep the retail price of diesel below 30 baht a litre would not make the state Oil Fund plunge into a massive debt, Prime Minister Abhisit Vejjajiva said.

“The government has been preventing product costs from rising and one of the measures is to keep the diesel price below 30 baht per litre from this month to February next year,” Mr Abhisit said during his weekly broadcast on Sunday…………………………………….Full Article: Source

From Thenational.ae: Qatari Diar Real Estate, the investment arm of Qatar’s sovereign wealth fund, is on the shortlist of candidates for the purchase and long-term management of London’s Olympic Village after the Olympic Games in 2012.

The bid, submitted jointly by Qatari Diar and Delancey, the investment advisory, is the latest in a series of moves by Qatar’s state-owned investment funds to acquire trophy assets in the British capital…………………………………….Full Article: Source

From Thenational.ae: Kuwait and France have agreed a €600 million (Dh2.9 billion) deal for the emirate’s sovereign wealth fund to acquire 4.8 per cent of Areva, the French government’s nuclear flagship.

The agreement, sealed last week, will see the Kuwait Investment Authority supply two-thirds of the €900m strategic capital injection Paris has sought for the designer of its nuclear reactors…………………………………….Full Article: Source

From Vauxhalladvance.com: The Heritage Fund earned $391 million in the second quarter due to positive returns in world equity markets, which offsets a first-quarter loss of $164 million, bringing to $227 million the total income earned by the fund in the first six months of the 2010-11 fiscal year. The fund’s fair value is currently $14.8 billion.
The province’s push for a balanced bottom line has been stymied in 2010 thanks to increased spending for disaster and emergency relief and continued revenue uncertainty…………………………………….Full Article: Source