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Category: Sovereign Funds

Sovereign exits BIMM to ICG

Sovereign Capital Partners has sold creative arts education provider BIMM to ICG.

CVC provides £37.5m financing for Sovereign-backed Nurse Plus

CVC Credit Partners has become the sole underwriter to Sovereign Capital Partners portfolio company Nurse Plus.

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest Partners has held an oversubscribed and hard cap close of its latest secondaries fund, Dover Street X LP (Dover X), with $8.1 billion of capital commitments. The hard cap close of Dover X follows…

Sovereign V targets £450-500m fundraise in 2021

Sovereign Capital V is set to continue fundraising into 2021 towards a £450-500m target, according to a source close to the situation.

Razorpay becomes Indian’s latest tech unicorn thanks to new venture capital, sovereign wealth backing

Indian fintech Razorpay has become the country's latest unicorn after picking up $100m of venture capital and sovereign wealth fund financing.

Investindustrial launches €600m China-Italy Fund

Private equity firm Investindustrial, alongside China's sovereign wealth fund China Investment Corporation (CIC) and Italian lender Unicredit, has launched China-Italy Industrial Cooperation Fund (CIICF), a €600m vehicle investing in Italian mid-market companies.

Singapore’s GIC, TPG to invest $1bn in Reliance Retail

Last week, Abu Dhabi-based sovereign investor Mubadala Investment agreed to invest over $800m for a stake in Reliance Retail

Luxembourg blazes trail with sustainable first

Following its inaugural sustainability bond on Monday, Luxembourg hopes that other sovereigns will use its framework as a starting point for their own outings in the format. The Grand Duchy’s sustainability framework is the first…

Hungary prints first sovereign green Samurai

Hungary returned to the Samurai market after a two year absence on Friday to sell the first ever sovereign green bond in the market, which formed part of its ¥62.7bn (€500m) four tranche deal, which…

GI Closes Data Infrastructure Fund

GI Partners has held a final closing of its inaugural Data Infrastructure Fund LP, with $1.8 billion in capital. The new fund was oversubscribed and beat its target of $1.25 billion. Investors in the Data…

World’s biggest sovereign wealth fund loses $21bn in first half

The fund's active portfolio management team helped mitigate losses in stocks and bonds - but markdowns in real estate values hit hard

Market participants back Green+ Gilt proposal for sustainable Covid-19 recovery

A group of some of the UK's biggest asset managers, professional bodies and banks are supporting a proposal for an SRI themed UK sovereign debt product to deliver environmental and social benefits as part of…

Italy takes €84bn book with new 20 year syndication

All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year…

Italy takes €84bn book with new 20 year

All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year…

Ex-Goldman SSA banker joins asset manager

A former sovereign, supranational and agency bond syndicate banker at Goldman Sachs has joined an alternative investment management firm as a fixed income trader.

Sovereign wealth funds shun stocks but embrace alternatives

State-run funds plan to increase their investments in infrastructure, real estate and private equity over the next 12 months

Shamrock Closes Second Entertainment Content Fund

Shamrock Capital has held a final closing of Shamrock Capital Content Fund II LP with $400 million of capital. New and existing limited partners in Fund II include pension funds, sovereign wealth funds, endowments and…

Luxembourg slices 6bp from spread in sustainability debut

The Grand Duchy of Luxembourg launched Europe’s first sovereign sustainability bond to big demand on Monday morning, allowing the sovereign to bring the spread in by 6bp during pricing.

Saudi Arabian sovereign wealth fund to invest $1.49bn in Jio Platforms

In the past several weeks, Jio has raised 115.69bn rupees from leading technology and private equity firms.

Germany snags €6bn tap, Finland goes long

Two sovereigns pulled off successful deals on Wednesday, adding to the pile of syndicated European government bond issuance this week.