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Category: Sovereign Funds

Giant Saudi sovereign fund teams with PCP Capital for Newcastle United Football Club takeover

One of the world's biggest sovereign wealth funds has teamed with PCP Capital Partners to buy British football club Newcastle United. The post Giant Saudi sovereign fund teams with PCP Capital for Newcastle United Football

Mnuchin’s Private Equity Fund Raises $2.5 Billion

The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund.

Abu Dhabi sovereign arm buys Nordic Capital, Avista-backed pharma business Acino

Private equity pair Nordic Capital and Avista Capital Partners has agreed to sell Swiss pharma business Acino to Abu Dhabi sovereign wealth investor ADQ. The post Abu Dhabi sovereign arm buys Nordic Capital, Avista-backed pharma

Sovereign acquires Aquitaine Group, makes two bolt-ons

Sovereign Capital Partners has acquired Guernsey-based private client trust and corporate services provider Aquitane Group, simultaneously announcing the company's first two bolt-ons.

Booming rare disease drugmaker SOBI valued at $8bn through Advent, GIC buyout offer

Advent International and Singapore sovereign investor GIC have offered to buy booming rare-disease drugmaker Swedish Orphan Biovitrum in a deal valuing the business at about $8bn. The post Booming rare disease drugmaker SOBI valued at

GIC teams with Lime Rock New Energy for electric vehicle charging business Qmerit deal

Singapore sovereign wealth investor GIC has teamed with Lime Rock New Energy to invest in electrification and green energy transformation specialist Qmerit. The post GIC teams with Lime Rock New Energy for electric vehicle charging

McLaren confirms GBP 550m fundraising led by Saudi Arabia, Ares

McLaren Group, a UK-based luxury car group, has agreed a GBP 550m equity fundraising led by Ares Management and Saudi sovereign wealth fund Public Investment Fund (PIF).

Sovereigns set sail for ESG

Although the biggest issuers of all — the US, Japan and China — remain outside the market for now, sovereign ESG debt has gained real momentum in the past 18 months, as a growing number

Investor engagement policy sees France through 30 year deal

France stuck to its approach of engaging with investors during bookbuilding to persuade them not to inflate orders for its second syndication in a row this week, when the sovereign brought a new 30 year

AFT appoints new boss to replace Requin

Agence France Trésor, the French sovereign debt office, has appointed a new chief executive to replace Anthony Requin, who has stepped down after six years in the role.

GI Partners Closes Fund VI

Middle-market investor GI Partners has held an oversubscribed and above target closing of GI Partners Fund VI LP with $3.9 billion in total commitments. The firm’s earlier fund closed at its hard cap in November

SSA trading looks good for France with next EU deal in sight

Sentiment in the sovereign, supranational and agency sector was broadly supportive on Monday ahead of a smaller than expected 30 year OAT sale on Tuesday and, more importantly, the European Union’s next slug of issuance

Grafine Continues Team Build

Grafine Partners has hired Julie Fisher as a new managing director. In her new position with Grafine, Ms. Fisher will focus primarily on business development and investor relations. Grafine sources, screens, structures and invests in

Novacap Closes its Largest Fund

Novacap has closed Novacap TMT VI LP (Nova VI) with just over $1.8 billion of capital. The new fund is the largest ever raised by Novacap. Nova VI was significantly oversubscribed and beat its target

Sovereign's Acolin bolts on Fundbase

Fund distribution service platform Acolin, a portfolio company of Sovereign Capital, has acquired Switzerland-based market peer Fundbase from Nectar Digital Wealth.

Spain adopts moderate pricing approach to seal record 50 year

Unlike its last syndication in January, when Spain lost over €75bn of orders after an aggressive move in pricing, the sovereign took a more cautious approach on its return to the public market this week

ECB debt forgiveness would unleash chaos

Calls for the European Central Bank to forgive the sovereign debt on its balance sheet may seem harmless, given that most countries are not expected to ever pay off the debt. But such a move

Saudi Arabia’s $400bn sovereign wealth fund anchors new NBK Capital credit fund to first close

Saudi Arabia's $400bn Public Investment Fund has anchored the latest fundraise from Middle East private equity house NBK Capital Partners.

Private Equity – Year in Review and 2021 Outlook

Posted by Andrew J. Nussbaum, Steven A. Cohen, and Katherine L. Chasmar, Wachtell, Lipton, Rosen & Katz, on Saturday, February 6, 2021 Editor's Note: Andrew J. Nussbaum and Steven A. Cohen are partners, and Katherine

Eurozone sovereigns extend curves amid red hot duration bid

Three eurozone sovereigns all extended their euro curves with huge order books for syndicated transactions this week in a sign of rampant investor appetite for long-dated debt.

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