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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway’s GPFG enters the property game

Posted on 04 October 2012

Last May, when Norway’s Government Pension Fund Global bought 4 per cent of the Formula One motor racing group from private-equity firm CVC Capital Partners, its goal was clear.
The sovereign wealth fund, which invests Norway’s oil revenues, wanted the inside track on Formula One’s IPO in Singapore, scheduled for June. Instead, the GPFG’s foray into grand prix rapidly hit a roadblock, as volatile equity markets forced the flotation to be delayed………………………………………..Full Article: Source


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