Jonathan Brasse
The sovereign wealth fund of Singapore looks to alternative assets, including real estate, private equity and infrastructure, to mitigate against further losses after its portfolio shrink by more than one fifth in the past year.
Brazilian pension funds are to be able to commit up to 20% of their capital to asset classes including real estate and infrastructure. The change in regulation is part of a wider strategy to reduce exposure to fixed-income assets.
India’s minister for road transport and highways, Kamal Nath, has tipped US pension funds to be among the biggest investors in India’s overhaul of its roads network.
Chinese sovereign wealth fund, China Investment Corporation, is reportedly in talks to acquire a minority stake in Virginia-based power company AES Corp. According to The Wall Street Journal CIC has plotted a deal aimed at “building an alliance” with the New York-listed company. Also on the negotiating table is believed to be a joint venture […]
The Chinese sovereign wealth fund is reportedly keen on 'building an alliance' with the Virginia-based energy company. Also on the negotiating table is believed to be a joint venture whereby CIC could fund AES schemes worldwide.
The Beijing-based insurance giant announced it would introduce plans to expand its investment horizon into alternative assets in October.
In a further sign that the US IPO market is coming to life, InfrastruX, an energy company based in Seattle, is seeking to raise funds via the public market. The lead book runners for the IPO are Credit Suisse and UBS Investment Bank.
Indian phone company Aircel is seeking between $1bn-$1.6bn for between half and all of its 12,000 towers operated in the country and has shortlisted four parties. Those shortlisted are reportedly able to evaluate the books of the tower’s holding unit as early as next week.
The Office of the Gas and Electricity Markets has given the green light to a plan to increase investment in the region’s electricity networks by 25% to £6.5bn from £5.2bn. Ofgem will also create a £500m fund to provide financial incentives to companies improving their green credentials.
The State Bank of India and Macquarie Bank are aiming to raise a further $500m for their jointly managed India infrastructure fund on top of the $1bn raised in April.