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Category: Sovereign Funds

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

Liquidity crisis avoided – now to dodge the solvency crisis

Sovereign and corporate debt has rocketed during the coronavirus pandemic, as liquidity became the essential plaster to cover the almost overnight collapse in consumer spending. European treasurers might be tempted to spend 2021 shying away

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

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 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

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

Malaysia hit with first Fitch downgrade in two decades

Fitch has downgraded Malaysia for the first time since the Asian financial crisis, slashing the sovereign rating by one notch to BBB+ due to the Covid-19 crisis and political uncertainty.

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.

Eurozone sovereigns gather over €160bn in orders

There were no issues of competing supply on Tuesday as three eurozone sovereigns amassed big order books, buoyed by last week’s expansion of the Pandemic Emergency Purchase Programme (Pepp).

Germany aims for at least €3bn-€4bn with syndicated tap

After three eurozone sovereigns hit the primary market on Tuesday, more supply will follow on Wednesday with Germany setting its sights on its second syndicated transaction after returning to the format in May, helping it

Covid-19: sovereign borrowing response

The Covid-19 pandemic is forcing many of sovereigns to expand their borrowing programmes. The below table details the impact of the outbreak on the funding requirements of major sovereign borrowers.

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