sovereign wealth fund

Sovereign wealth funds

Norway wealth fund has first underperformance in five years

The fund's market value has now ticked up to US$1.6 trillion

Private equity

Private equity titans tap sovereign wealth to get deals done

Money from state-backed investors is also helping buyout firms hold onto assets longer amid a difficult environment for exits

Environmental, Social and Governance

Norway wealth fund sets 2050 net-zero target for portfolio firms

Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050

M&A

GIC in talks to acquire stake in StorageMart

(June 3): Singaporean sovereign-wealth fund GIC Pte is in talks to acquire a stake in StorageMart, which describes itself as the largest privately owned storage company in the world, according to people with knowledge of the matter.

M&A

Singapore's GIC to buy logistics properties in Europe for US$1 billion

SINGAPORE (Dec 13): GIC, Singapore’s sovereign wealth fund, said it had signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management’s affiliates for about 950 million euros ($1.4 billion).

In print this week

GIC braces for lower returns amid challenging investment outlook

SINGAPORE (July 5): The pressure is on for Singapore’s sovereign wealth fund GIC.

Global Markets

GIC cautious in light of challenging investment outlook; returns for 20-year period at 3.4%

SINGAPORE (July 8): Singapore’s sovereign wealth fund GIC is treading carefully as the investment outlook turns more challenging. This comes as high valuations, slowing global growth and significant uncertainties could potentially lead to lower returns

Global Markets

US$9.1 bil Korean fund eyes Europe student housing

SEOUL (Sept 29): Student housing in Europe and Australian infrastructure are luring global funds out of their comfort zone, as a South Korean manager of local government employee savings joins peers around the world getting creative overseas in search of

IPO

GIC, Temasek unit said to be among anchor buyers of SBI Life's IPO in India

SINGAPORE (Sept 20): SBI Life Insurance, a joint venture between State Bank of India and BNP Paribas Cardiff, is said to have received strong initial responses to the launch of its initial public offering (IPO) today.

GIC joins consortium to acquire Hong Kong insurance company for US$1.7 bil

SINGAPORE (Aug 18): Sovereign wealth fund GIC says it has joined a consortium of Asia-based investors to acquire a Hong Kong-based insurance company, MassMutual Asia, from Massachusetts Mutual Life Insurance Company for a total of consideration of about U
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