Opalesque Sovereign Wealth Funds Briefing » Alternative Investments http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en GPT fund eyes One One One Eagle Street tower deal http://www.opalesque.com/SWF_Briefing/?p=21092 http://www.opalesque.com/SWF_Briefing/?p=21092#comments Wed, 30 Nov 2016 00:19:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21092 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21092>Article Link</a> GPT Group’s acquisitive wholesale office fund is in talks to boost its interest in Brisbane landmark One One One Eagle Street with a play that could leave it with a two-thirds stake in the near $900 million tower in train. (more…)

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Singapore Sovereign Fund Invests $136 Million in Korean Retail Complex http://www.opalesque.com/SWF_Briefing/?p=21045 http://www.opalesque.com/SWF_Briefing/?p=21045#comments Mon, 21 Nov 2016 00:01:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21045 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21045>Article Link</a> Singapore’s sovereign wealth fund, GIC Real Estate Pte Ltd, has acquired G-Square, a Seoul-based retail complex, for $136 million. The complex was completed in 2014 and is spread over an area of 238,248.43 square meters. It has 28 stories and is located in the heart of Anyang, a bustling metropolitan area in the southern part of Seoul. (more…)

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Qatar to turn US Embassy in London into hotel http://www.opalesque.com/SWF_Briefing/?p=21041 http://www.opalesque.com/SWF_Briefing/?p=21041#comments Thu, 17 Nov 2016 23:51:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21041 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21041>Article Link</a> Qatari Diar’s plans to convert the US Embassy in London into a luxury hotel have received government approval this week, the project’s architect said. (more…)

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Ex-SWF chief: Private equity model is a ‘rigged arrangement’ http://www.opalesque.com/SWF_Briefing/?p=21034 http://www.opalesque.com/SWF_Briefing/?p=21034#comments Thu, 17 Nov 2016 23:49:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21034 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21034>Article Link</a> Private equity firms are charging far too much in fees and are not investing enough of their own money in the deals they do, according to a former head of private investments at one of the world’s largest sovereign wealth funds. (more…)

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Norway Wealth Fund Buys $345 Million London Oxford St. Building http://www.opalesque.com/SWF_Briefing/?p=21031 http://www.opalesque.com/SWF_Briefing/?p=21031#comments Thu, 17 Nov 2016 02:07:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21031 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21031>Article Link</a> Norges Bank Real Estate Management acquired an office and retail building on Oxford Street, the U.K.’s busiest shopping street, from Great Portland Estates Plc for 276.5 million pounds ($345 million). (more…)

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Great Portland sells central London property to Norwegian sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=21030 http://www.opalesque.com/SWF_Briefing/?p=21030#comments Thu, 17 Nov 2016 02:06:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21030 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21030>Article Link</a> Great Portland Estates has completed the sale of 73/89 Oxford Street and 1 Dean Street in London to Norwegian sovereign wealth fund Norges Bank Real Estate Management for £276.5m. (more…)

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Singapore wealth fund GIC inks Europe’s biggest real-estate deal of 2016 http://www.opalesque.com/SWF_Briefing/?p=20968 http://www.opalesque.com/SWF_Briefing/?p=20968#comments Wed, 09 Nov 2016 00:02:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20968 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20968>Article Link</a> Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks for $2.7 billion in what’s being called Europe’s largest real-estate deal of 2016. GIC will buy P3 Logistics Parks for 2.4 billion euros ($2.7 billion), the Singaporean sovereign wealth fund said on Monday, in what it said was Europe’s largest real-estate deal of 2016. (more…)

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Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year http://www.opalesque.com/SWF_Briefing/?p=20967 http://www.opalesque.com/SWF_Briefing/?p=20967#comments Wed, 09 Nov 2016 00:01:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20967 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20967>Article Link</a> Kirkland & Ellis has advised opposite Freshfields Bruckhaus Deringer in the largest European real estate transaction of the year as Singaporean sovereign wealth fund GIC picked up P3 from TPG Real Estate for $2.7bn. (more…)

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Private equity role in investment portfolio important now: Australia’s Future Fund http://www.opalesque.com/SWF_Briefing/?p=20941 http://www.opalesque.com/SWF_Briefing/?p=20941#comments Wed, 02 Nov 2016 23:37:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20941 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20941>Article Link</a> Australia’s sovereign wealth fund Future Fund has noted that the challenging economic and market conditions globally have made it attractive to diversify into areas not linked to traditional equity or debt market, highlighting the role of private equity in its investment portfolio. (more…)

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Future Fund moves away from property http://www.opalesque.com/SWF_Briefing/?p=20924 http://www.opalesque.com/SWF_Briefing/?p=20924#comments Tue, 01 Nov 2016 01:22:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20924 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20924>Article Link</a> The Future Fund has scaled back its exposure to property in the first quarter as it reported returns in line with its mandated target. For the three months to September 30, the sovereign wealth fund recorded a 1.5 per cent return, pushing its funds above $124 billion. (more…)

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Cashed-up Future Fund cools on property assets http://www.opalesque.com/SWF_Briefing/?p=20923 http://www.opalesque.com/SWF_Briefing/?p=20923#comments Tue, 01 Nov 2016 01:22:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20923 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20923>Article Link</a> Future Fund managing director David Neal has said the nation’s sovereign wealth fund will continue to shun risk amid a shift away from property assets through the first quarter and an eight-year peak in cash holdings. (more…)

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Norway’s wealth fund removes Brexit uncertainty from UK property portfolio valuation http://www.opalesque.com/SWF_Briefing/?p=20915 http://www.opalesque.com/SWF_Briefing/?p=20915#comments Mon, 31 Oct 2016 01:56:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20915 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20915>Article Link</a> Norway’s $870 billion sovereign wealth fund, the world’s largest, has removed the valuation risk premium it had placed on its British property portfolio following Britain’s vote to leave the EU, it said on Friday when publishing its full third-quarter results. (more…)

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Future Fund adds US property names, swapping out Australian REITs http://www.opalesque.com/SWF_Briefing/?p=20910 http://www.opalesque.com/SWF_Briefing/?p=20910#comments Mon, 31 Oct 2016 01:54:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20910 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20910>Article Link</a> The $120 billion Future Fund nailed its timing around the reduction of some key listed property exposures in 2015-16, with its portfolio disclosures showing that Stockland, Federation Centres and Goodman exited its top-100 holdings ahead of a steep correction in property stocks, making way for American names. (more…)

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More than half of Kuwait’s sovereign wealth funds invested in US: Counselor http://www.opalesque.com/SWF_Briefing/?p=20889 http://www.opalesque.com/SWF_Briefing/?p=20889#comments Wed, 26 Oct 2016 00:33:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20889 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20889>Article Link</a> Senior Commercial Counselor at the US Department of Commerce Jeff Hamilton revealed that more than half of Kuwait’s sovereign wealth funds are invested in the United States. Recently, the Kuwait Investment Authority (KIA) disclosed that over $300 billion of its funds is invested in the US. (more…)

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Bahrain’s Mumtalakat to invest in the real estate sector: CEO http://www.opalesque.com/SWF_Briefing/?p=20884 http://www.opalesque.com/SWF_Briefing/?p=20884#comments Mon, 24 Oct 2016 22:25:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20884 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20884>Article Link</a> Mumtalakat, Bahrain’s sovereign wealth fund, is planning to invest heavily in the country’s real estate sector in the coming years, the company’s chief executive officer said. New hotels, shopping malls and spas would be constructed to boost tourism, Mahmood H Al Kooheji said, adding that the total investment in the projects would be about $500 million (Dh1.84 billion) over the next five years. (more…)

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CIC invests in German homes http://www.opalesque.com/SWF_Briefing/?p=20882 http://www.opalesque.com/SWF_Briefing/?p=20882#comments Mon, 24 Oct 2016 22:24:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20882 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20882>Article Link</a> China’s sovereign wealth fund CIC has made a large investment in German residential real estate, adding to a string of recent buys of Chinese groups in Europe’s largest economy, sources close to the deal said. (more…)

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Norway’s wealth fund bought real estate in Poland, Hungary, Czech Republic http://www.opalesque.com/SWF_Briefing/?p=20878 http://www.opalesque.com/SWF_Briefing/?p=20878#comments Mon, 24 Oct 2016 02:51:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20878 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20878>Article Link</a> Norway’s sovereign wealth fund, the world’s largest, has bought a 50 percent stake in a portfolio of logistics properties in Poland, the Czech Republic and Hungary, the fund said in a statement. The stake was bought from Prologis, which retains a 50 percent sake. (more…)

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China sovereign wealth fund CIC invests in German homes http://www.opalesque.com/SWF_Briefing/?p=20876 http://www.opalesque.com/SWF_Briefing/?p=20876#comments Mon, 24 Oct 2016 02:49:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20876 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20876>Article Link</a> China’s sovereign wealth fund CIC has made a large investment in German residential real estate, adding to a string of recent buys of Chinese groups in Europe’s largest economy, sources close to the deal said. (more…)

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SOFAZ to be affected by decline in London-based offices’ value http://www.opalesque.com/SWF_Briefing/?p=20804 http://www.opalesque.com/SWF_Briefing/?p=20804#comments Thu, 13 Oct 2016 02:22:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20804 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20804>Article Link</a> Property market is a volatile market and decline and rise in values in here are normal, SOFAZ Executive Director Shahmar Movsumov at the press conference. (more…)

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Norwegian sovereign fund revises UK property value months after writedown http://www.opalesque.com/SWF_Briefing/?p=20783 http://www.opalesque.com/SWF_Briefing/?p=20783#comments Mon, 10 Oct 2016 22:31:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20783 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20783>Article Link</a> Norway’s sovereign wealth fund has revised the value of its UK property holdings just two months after a writedown of its portfolio. Trond Grande, NBIM’s deputy chief executive, told UK media that it had marked up the value of its UK portfolio to a level close to where it was before the UK’s vote to leave the European Union in June. (more…)

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Norway’s oil fund upgrades value of UK property portfolio http://www.opalesque.com/SWF_Briefing/?p=20776 http://www.opalesque.com/SWF_Briefing/?p=20776#comments Sun, 09 Oct 2016 23:55:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20776 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20776>Article Link</a> The world’s biggest sovereign wealth fund has revised up the value of its UK property portfolio after cutting it days after the vote to leave the EU. Norway’s $890bn oil fund had written down the value of its properties — mostly retail and office space in London’s West End — by 5 per cent at the end of the second quarter, just after the Brexit vote on June 23, due to the uncertainty in the market. (more…)

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The world’s biggest sovereign wealth fund just did a major U-turn on Britain’s property market http://www.opalesque.com/SWF_Briefing/?p=20775 http://www.opalesque.com/SWF_Briefing/?p=20775#comments Sun, 09 Oct 2016 23:55:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20775 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20775>Article Link</a> Norway’s Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, has performed a major reversal on its views of Britain’s property market just over a month after sounding the alarm over Brexit concerns. (more…)

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Singaporean sovereign wealth fund snaps up £700m of UK student digs http://www.opalesque.com/SWF_Briefing/?p=20735 http://www.opalesque.com/SWF_Briefing/?p=20735#comments Fri, 30 Sep 2016 00:12:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20735 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20735>Article Link</a> Singapore’s sovereign wealth fund GIC and student accommodation developer GSA have bought a £700m portfolio of student halls – the largest deal in the sector this year. The pair acquired the portfolio from funds managed by Oaktree Capital Management, along with a new operating platform, The Student Housing Company, which is the brand the halls will be run under. (more…)

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US Hedge Fund Hit With $200Mln Bribery Fine to Win Government Investments http://www.opalesque.com/SWF_Briefing/?p=20723 http://www.opalesque.com/SWF_Briefing/?p=20723#comments Fri, 30 Sep 2016 00:08:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20723 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20723>Article Link</a> The Och-Ziff Capital Management Group has agreed to pay nearly $200 million in penalties for bribing officials to gain investments from sovereign wealth funds, the US Securities and Exchange Commission (SEC) announced in a press release on Thursday. (more…)

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KIC sources for data vendor to support its alternative investments http://www.opalesque.com/SWF_Briefing/?p=20719 http://www.opalesque.com/SWF_Briefing/?p=20719#comments Thu, 29 Sep 2016 02:25:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20719 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20719>Article Link</a> Korea’s sovereign wealth fund Korea Investment Corporation (KIC) has issued a request for proposal (RFP) to invite bids from data vendors to provide alternative investment data management services. The duration of the appointment would be three years. (more…)

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Qatar withdraws from race for Grosvenor House and New York Plaza http://www.opalesque.com/SWF_Briefing/?p=20704 http://www.opalesque.com/SWF_Briefing/?p=20704#comments Mon, 26 Sep 2016 23:34:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20704 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20704>Article Link</a> The Qatar Investment Authority has abandoned talks to buy London’s Grosvenor House Hotel and two hotels in New York, increasing the likelihood that the trophy properties will be acquired by the UK’s richest men, the Reuben brothers. (more…)

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Norway’s shopping spree for North American real estate continues http://www.opalesque.com/SWF_Briefing/?p=20689 http://www.opalesque.com/SWF_Briefing/?p=20689#comments Thu, 22 Sep 2016 23:22:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20689 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20689>Article Link</a> The Norwegian Sovereign Wealth fund is pursuing a strategy to increase its portfolio weight of real estate assets to about 5% within the foreseeable future - planning to increase the weight by 1% per year until 2020, with a corresponding decrease in bond holdings. (more…)

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World’s largest sovereign fund acquires $453 million worth of San Francisco real estate http://www.opalesque.com/SWF_Briefing/?p=20640 http://www.opalesque.com/SWF_Briefing/?p=20640#comments Fri, 16 Sep 2016 01:22:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20640 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20640>Article Link</a> Norway’s Norges Bank Real Estate Management, known for having the world’s largest sovereign fund at $888 billion, is in the midst of acquiring $453 million worth of San Francisco real estate. It’s investing the money in two office properties in the city, and will ultimately have a 44 percent common equity interest in the buildings. (more…)

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Brexit Triggered Fastest Property Deal for Biggest Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=20631 http://www.opalesque.com/SWF_Briefing/?p=20631#comments Wed, 14 Sep 2016 03:33:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20631 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20631>Article Link</a> Norway’s $875 billion sovereign wealth fund, the world’s biggest, pounced on London’s Oxford Street after U.K. voters decided to leave the European Union. Just about two weeks after Britons unexpectedly voted to leave the EU at the end of June, the fund snapped up a retail and office property for 124 million pounds ($164 million) from the Aberdeen U.K. Property Fund. (more…)

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BlackRock’s McKenna Said to Start Merger-Arbitrage Hedge Fund http://www.opalesque.com/SWF_Briefing/?p=20628 http://www.opalesque.com/SWF_Briefing/?p=20628#comments Wed, 14 Sep 2016 03:32:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20628 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20628>Article Link</a> BlackRock Inc. has started a hedge fund with a $200 million investment from New Zealand’s sovereign-wealth fund that will seek to profit from bets on companies involved in takeovers. (more…)

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ADIC Said to Revive $1.5 Billion Private Equity Portfolio Sale http://www.opalesque.com/SWF_Briefing/?p=20625 http://www.opalesque.com/SWF_Briefing/?p=20625#comments Wed, 14 Sep 2016 03:32:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20625 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20625>Article Link</a> The Abu Dhabi Investment Council revived plans to sell $1.5 billion of private equity fund stakes, people with knowledge of the matter said. ADIC, which invests in asset classes including private equity, infrastructure and hedge funds, is working with an adviser to find a buyer for the assets, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The assets are primarily from European and U.S. funds, the people said. (more…)

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GIC to buy P3? http://www.opalesque.com/SWF_Briefing/?p=20622 http://www.opalesque.com/SWF_Briefing/?p=20622#comments Tue, 13 Sep 2016 01:12:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20622 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20622>Article Link</a> GIC, the sovereign wealth fund of Singapore, is rumoured to be in advanced negotiations to buy P3, reports Ziarul Financiar quoting market sources. A formal announcement could be made by the end of the year. Australian group Macquarie is also reported to be interested in purchasing the warehouse developer. (more…)

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ADIC Said to Revive $1.5 Billion Private Equity Portfolio Sale http://www.opalesque.com/SWF_Briefing/?p=20618 http://www.opalesque.com/SWF_Briefing/?p=20618#comments Tue, 13 Sep 2016 01:11:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20618 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20618>Article Link</a> The Abu Dhabi Investment Council revived plans to sell $1.5 billion of private equity fund stakes, people with knowledge of the matter said. ADIC, which invests in asset classes including private equity, infrastructure and hedge funds, is working with an adviser to find a buyer for the assets, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The assets are primarily from European and U.S. funds, the people said. (more…)

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China Sovereign Fund Eyes Asian Hedge Funds to Boost Returns http://www.opalesque.com/SWF_Briefing/?p=20616 http://www.opalesque.com/SWF_Briefing/?p=20616#comments Mon, 12 Sep 2016 01:17:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20616 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20616>Article Link</a> China’s $814 billion sovereign wealth fund may increase investments in hedge funds in Asia, betting they can beat rivals trading in developed markets. Hedge fund managers face fewer competitors in Asia, where markets are less efficient and mature than in the U.S. and Europe, said Roslyn Zhang, managing director of fixed income and absolute-return investments at China Investment Corp. (more…)

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DLF To Invest Rs 500 Crore On Developing IT Park In Chennai http://www.opalesque.com/SWF_Briefing/?p=20613 http://www.opalesque.com/SWF_Briefing/?p=20613#comments Mon, 12 Sep 2016 01:16:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20613 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20613>Article Link</a> Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities. Earlier, sources had said that Blackstone, Singapore’s sovereign wealth fund GIC and Abu Dhabi Investment Authority are among shortlisted investors. (more…)

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RMZ, Qatar Fund plan 2nd real estate JV http://www.opalesque.com/SWF_Briefing/?p=20598 http://www.opalesque.com/SWF_Briefing/?p=20598#comments Thu, 08 Sep 2016 01:19:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20598 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20598>Article Link</a> Bengaluru-based commercial real estate developer RMZ Corp is in the process of forming a second joint venture with Qatar Investment Authority (QIA), sovereign wealth fund of Qatar, to buy development assets across top cities in the country. The new commercial platform will see QIA more than double its investment made through RMZ. In 2013, it had invested $300 million, or 1,800 crore. (more…)

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RMZ to float second JV with Qatar Investment Authority http://www.opalesque.com/SWF_Briefing/?p=20591 http://www.opalesque.com/SWF_Briefing/?p=20591#comments Wed, 07 Sep 2016 04:12:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20591 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20591>Article Link</a> Bengaluru-based commercial real estate developer RMZ Corp is in the process of forming a second joint venture with Qatar Investment Authority (QIA), sovereign wealth fund of Qatar, to buy development assets across top cities in the country. (more…)

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Future Fund looks to venture in private markets for growth http://www.opalesque.com/SWF_Briefing/?p=20576 http://www.opalesque.com/SWF_Briefing/?p=20576#comments Mon, 05 Sep 2016 05:26:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20576 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20576>Article Link</a> The Future Fund is looking to venture and early-stage opportunities in its private equity markets for growth, as it sees risk and fragility in listed markets. “Listed equities, to put it politely, were lacklustre over the last financial year. The world index lost 2.7 per cent in global currency terms, the local market just squeezed into positive territory with a 0.2 per cent return,” said David Neal, chief executive of the Future Fund. (more…)

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Middle Eastern sovereign funds spend less on overseas commercial property investments http://www.opalesque.com/SWF_Briefing/?p=20575 http://www.opalesque.com/SWF_Briefing/?p=20575#comments Mon, 05 Sep 2016 05:25:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20575 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20575>Article Link</a> The panic in financial markets, which followed Britain’s shock Brexit vote and a slowdown in the Chinese economy, has prompted Middle Eastern sovereign wealth funds to rein in their spending on high-profile overseas office blocks and hotels. (more…)

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Future Fund puts private equity on notice over fees http://www.opalesque.com/SWF_Briefing/?p=20566 http://www.opalesque.com/SWF_Briefing/?p=20566#comments Fri, 02 Sep 2016 03:39:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20566 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20566>Article Link</a> The Future Fund’s chief investment officer has warned the private equity industry that the days of charging generous performance fees for returns based on “luck or lazy use of leverage” have gone forever. (more…)

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Future Fund says private equity’s ‘lucky, ‘lazy’ days are ‘gone forever’ http://www.opalesque.com/SWF_Briefing/?p=20565 http://www.opalesque.com/SWF_Briefing/?p=20565#comments Fri, 02 Sep 2016 03:39:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20565 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20565>Article Link</a> The investment chief of Australia’s sovereign wealth fund has told the local private equity industry he wants to allocate more capital to it but first needs to see better transparency on fees. (more…)

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Russian state fund aims to take part in Bashneft privatisation http://www.opalesque.com/SWF_Briefing/?p=20559 http://www.opalesque.com/SWF_Briefing/?p=20559#comments Fri, 02 Sep 2016 03:37:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20559 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20559>Article Link</a> The Russian Direct Investment Fund (RDIF) is aiming to take part in the privatisation of oil producer Bashneft, Kirill Dmitriev, head of the fund, said on Thursday. “We certainly will participate in Bashneft (privatisation),” he told reporters. The Russian government plans to sell a 50.08 percent stake in Bashneft. The stake has been valued at around 300 billion roubles ($4.6 billion). (more…)

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Norway fund pays $453 mln for stakes in San Francisco office buildings http://www.opalesque.com/SWF_Briefing/?p=20554 http://www.opalesque.com/SWF_Briefing/?p=20554#comments Thu, 01 Sep 2016 00:26:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20554 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20554>Article Link</a> Norway’s $888 billion sovereign wealth fund, the world’s biggest, has bought stakes worth $453 million in two office properties in San Francisco, the fund’s manager said on Wednesday. (more…)

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Norway’s sovereign wealth fund just invested half a billion in San Francisco real estate, as part of its massive surge in North America http://www.opalesque.com/SWF_Briefing/?p=20553 http://www.opalesque.com/SWF_Briefing/?p=20553#comments Thu, 01 Sep 2016 00:25:50 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20553 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20553>Article Link</a> Norway’s sovereign wealth fund just invested $453 million in a 44% stake in two office properties in San Francisco, owned by Kilroy Realty Corporation, which retains a majority stake of 56%, Reuters reports. (more…)

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Private Equity Firms Struck Hushed Deals With Foreign Funds http://www.opalesque.com/SWF_Briefing/?p=20540 http://www.opalesque.com/SWF_Briefing/?p=20540#comments Wed, 31 Aug 2016 01:24:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20540 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20540>Article Link</a> Singapore’s sovereign wealth fund and Canada pension plan were main beneficiaries. Some U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee-saving deals without telling other investors, according to people involved in buyout firms’ fundraising. (more…)

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Empire State Building: Now Partially Owned by Qatar http://www.opalesque.com/SWF_Briefing/?p=20511 http://www.opalesque.com/SWF_Briefing/?p=20511#comments Fri, 26 Aug 2016 01:36:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20511 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20511>Article Link</a> Qatar’s sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York’s Empire State Building. The $622-million purchase by the Qatar Investment Authority comes as the Doha fund increases its investments in the U.S. as the small country on the Arabian Peninsula tries to cope with low global oil and gas prices. (more…)

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Qatar’s Empire State Building investment is rare move for foreign fund http://www.opalesque.com/SWF_Briefing/?p=20510 http://www.opalesque.com/SWF_Briefing/?p=20510#comments Fri, 26 Aug 2016 01:36:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20510 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20510>Article Link</a> The Qatar Investment Authority’s acquisition of a 9.9-percent stake in Empire State Realty Trust, announced Wednesday, is an unusual move for a sovereign wealth fund. But it offers several advantages, analysts say. “It is relatively rare to see [sovereign wealth funds] buy a stock position,” said John Guinee, an analyst at Stifel. Far more often, they buy direct stakes in buildings. (more…)

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Qatar Wealth Fund Buys 9.9% Stake in Empire State Building Owner http://www.opalesque.com/SWF_Briefing/?p=20503 http://www.opalesque.com/SWF_Briefing/?p=20503#comments Wed, 24 Aug 2016 03:25:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20503 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20503>Article Link</a> Qatar Investment Authority, the sovereign wealth fund of the Middle Eastern country, bought a 9.9 percent interest in Empire State Realty Trust, owner of New York’s Empire State Building. (more…)

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U.K. Property Values? They Are Anyone’s Guess http://www.opalesque.com/SWF_Briefing/?p=20496 http://www.opalesque.com/SWF_Briefing/?p=20496#comments Wed, 24 Aug 2016 03:24:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20496 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20496>Article Link</a> Most agree commercial real estate is down since Brexit, but estimates differ over how much. Property broker CBRE estimated that property values across the U.K. fell 3.3% in July. Data-firm MSCI Inc. said values fell 2.8%. (more…)

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Norway’s oil fund pares UK property portfolio after Brexit vote http://www.opalesque.com/SWF_Briefing/?p=20479 http://www.opalesque.com/SWF_Briefing/?p=20479#comments Fri, 19 Aug 2016 03:44:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20479 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20479>Article Link</a> Norway’s $893-billion sovereign wealth fund cut the value of its UK property portfolio by 5 percent after Britain’s vote to leave the EU, and is concerned at the prospect that Brexit might limit free movement of goods, services and people, it said on Wednesday. (more…)

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Sovereign Funds Hold Steady on Private Equity Allocation http://www.opalesque.com/SWF_Briefing/?p=20469 http://www.opalesque.com/SWF_Briefing/?p=20469#comments Fri, 19 Aug 2016 03:42:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20469 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20469>Article Link</a> Traditionally, public pensions have been a reliant source of capital for private equity deals. However, sovereign wealth funds continue to gain ground in the private equity investor base, as assets steadily grow for the institutional investor class. The total sovereign fund allocation to private equity tepidly increased for the year ended June 30, 2016, for a number of reasons. (more…)

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Norway’s sovereign fund cuts value of UK property portfolio after Brexit http://www.opalesque.com/SWF_Briefing/?p=20468 http://www.opalesque.com/SWF_Briefing/?p=20468#comments Thu, 18 Aug 2016 01:36:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20468 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20468>Article Link</a> World’s largest sovereign fund reduces portfolio value by 5% saying there are question marks as to what EU vote means. Norway’s $893bn (£687bn) sovereign wealth fund has cut the value of its UK property portfolio by 5% after Britain’s vote to leave the EU. (more…)

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Property market fears as wealth fund slashes value of UK portfolio after Brexit http://www.opalesque.com/SWF_Briefing/?p=20463 http://www.opalesque.com/SWF_Briefing/?p=20463#comments Thu, 18 Aug 2016 01:35:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20463 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20463>Article Link</a> The world’s biggest sovereign wealth fund has added to fears over Britain’s property market as it slashed the value of its UK portfolio after the Brexit vote. Norway’s 7.18 trillion kroner (£669 billion) Global Government Pension Fund said it had cut the value of its UK property portfolio by 5% due to ” increased volatility and uncertainty” in the sector. (more…)

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Singapore fund buys most of Denver manufactured-home communities firm http://www.opalesque.com/SWF_Briefing/?p=20447 http://www.opalesque.com/SWF_Briefing/?p=20447#comments Wed, 17 Aug 2016 02:08:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20447 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20447>Article Link</a> A Singapore sovereign wealth fund is buying most of a Denver company that owns manufactured-home communities. Yes! Communities said GIC, formerly known as Government of Singapore Investment Corporation, is buying 71 percent of the Denver company that owns and manages 178 manufactured-home communities in 17 states. (more…)

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GIC among investors buying 71 percent of US property firm, likely valuing it above $2 billion http://www.opalesque.com/SWF_Briefing/?p=20446 http://www.opalesque.com/SWF_Briefing/?p=20446#comments Wed, 17 Aug 2016 02:07:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20446 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20446>Article Link</a> Singapore’s sovereign-wealth fund GIC is among two investors who have bought a 71 percent stake in Denver-based Yes Communities, an owner of manufactured housing estates in the United States, the U.S. firm said. YES is a portfolio company of real estate funds managed by Stockbridge Capital Group. (more…)

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Old Mutual, SWF to invest in Nigerian real estate, agriculture http://www.opalesque.com/SWF_Briefing/?p=20434 http://www.opalesque.com/SWF_Briefing/?p=20434#comments Mon, 15 Aug 2016 03:56:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20434 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20434>Article Link</a> Anglo-South African financial services firm Old Mutual and Nigeria’s sovereign wealth fund on Friday signed agreements to set up two funds to invest in real estate and agriculture in Africa’s most populous nation. Old Mutual and Nigeria Sovereign Investment Authority (NSIA) said they would jointly raise a $500 million fund to invest in real estate and another $200 million to spend on agriculture projects in Nigeria. (more…)

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Qatar fund may back RMZ scion’s co-working startup http://www.opalesque.com/SWF_Briefing/?p=20426 http://www.opalesque.com/SWF_Briefing/?p=20426#comments Fri, 12 Aug 2016 01:38:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20426 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20426>Article Link</a> A young scion at one of India’s largest commercial space developers is challenging WeWork, a heavily funded US startup focused on technology-enabled shared office spaces and which is finalizing its entry into the country. (more…)

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Asian investors relocate to global real estate in search of sustainable returns http://www.opalesque.com/SWF_Briefing/?p=20425 http://www.opalesque.com/SWF_Briefing/?p=20425#comments Fri, 12 Aug 2016 01:38:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20425 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20425>Article Link</a> In its latest annual report, released in July, China Investment Corporation (CIC) highlights how important global real estate has become to the sovereign wealth fund’s investment strategy. “For long-term asset investment, we ramped up investments in assets that generate stable returns such as real estate and infrastructure,” notes CIC. (more…)

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Cerberus’ new Europe property fund may attract over $370 mn from Korean investors http://www.opalesque.com/SWF_Briefing/?p=20424 http://www.opalesque.com/SWF_Briefing/?p=20424#comments Fri, 12 Aug 2016 01:38:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20424 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20424>Article Link</a> National Pension Service (NPS), Korea Investment Corporation (KIC) and a South Korean insurer are considering putting a combined $370 million into a real estate fund that Cerberus Capital Management is launching to buy distressed assets in Europe, and other domestic institutions are mulling participation in the fund, pension fund and investment banking sources said on August 10. (more…)

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Korean Investment Corporation to take stake in Melbourne office complex http://www.opalesque.com/SWF_Briefing/?p=20405 http://www.opalesque.com/SWF_Briefing/?p=20405#comments Tue, 09 Aug 2016 01:53:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20405 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20405>Article Link</a> The South Korean sovereign wealth fund, the Korean Investment Corporation (KIC), is believed to be part of a group acquiring a half stake in a Melbourne office complex for AUD289m (€188m). (more…)

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