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Sovereign Wealth Funds Briefing 29.Jan 2013

Posted on 29 January 2013 by VRS |  Email |Print

Government of Singapore Investment Corp. invested in a mortgage program that will provide loans for commercial property in the U.K., Laxfield Capital said. The lending program will invest as much as 1 billion pounds ($1.6 billion) over the next 24 months, Laxfield, a London-based mortgage company, said in a statement on its website.
GIC, the Singapore sovereign wealth fund managing more than $100 billion of the city’s reserves, confirmed the investment in an e-mail and declined to disclose the amount of the funds injected………………………………………..Full Article: Source

Posted on 29 January 2013 by VRS |  Email |Print

Singapore’s sovereign wealth fund has backed a 1 billion pound ($1.6 billion) lending programme for British offices, shops and warehouse property that could bring much-needed funds into a debt-starved sector.
The Government of Singapore Investment Corporation, one of the world’s largest sovereign wealth funds, will underwrite the loans to be issued by commercial mortgage provider Laxfield Capital. The programme targets lending of up to 1 billion pounds over the next 24 months, Laxfield Capital said in a statement on Monday………………………………………..Full Article: Source

Posted on 29 January 2013 by VRS |  Email |Print

The State Oil Fund of Azerbaijan (SOFAZ) ensured formation of IFC Catalyst Fund in the amount of $280 million. The International Finance Corporation (IFC) reports that IFC Catalyst Fund focused on equity investments to support climate investments has already mobilized $280 million from the governments of Canada and the UK and the sovereign wealth fund of Azerbaijan. The IFC itself contributed $75 million to the fund.
In turn, SOFAZ announced that its investments in managed IFC Asset Management Company funds and co-financing of projects reached $150 million - $50 million was invested in 2013 in IFC Catalyst Fund and $100 million - in 2010 in the IFC African, Latin American, and Caribbean Fund………………………………………..Full Article: Source

Posted on 29 January 2013 by VRS |  Email |Print

Samruk-Kazyna increases the potential for cooperation in the implementation of investment projects in the petrochemical, hydro and thermal power, renewable and alternative energy, engineering, pharmacy. Kazakhstan Sovereign Wealth Fund Samruk-Kazyna was established to improve the competitiveness of the national economy and prevent the negative impact of the world markets on the economic growth in the country. The main instrument to achieve these goals - diversification and innovative development of the national economy.
To date, the Fund that has successfully implemented the bailout program - is the effective holding company in relation to its subsidiaries and a strategic investor, which aims at creating a balanced investment portfolio. Samruk-Kazyna is more than 500 companies in the industrial and production sector, working in the key areas of the national economy: oil and gas, mining, chemical, transport and communication, electricity and banking. (Press Release)

Posted on 29 January 2013 by VRS |  Email |Print

An Abu Dhabi-led consortium investing US$850m to expand Jordan’s main airport is looking to exit a 25-year concession to manage the facility, preferring to cash in the investment rather than stay involved for coming years.
Three banking sources told Reuters Airport International Group (AIG), formed of French, Greek and Jordanian firms to expand the Queen Alia International Airport with an additional terminal, had approached banks to advise on the possible sale. The AIG consortium is led by Abu Dhabi-owned Invest AD, which has a 38 percent stake, and Kuwait’s Noor Financial Investment Co, with a 24 percent ownership………………………………………..Full Article: Source

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