Global Investing

Water investments

August 21, 2009

A growing number of Investors, including state-owned funds, are looking to invest in water to benefit from efforts to tackle climate change.

from MacroScope:

SWF 2.0

August 5, 2009

The easing of the credit crisis is giving way for a new generation of sovereign wealth funds.

Is it time for a Scottish wealth fund?

July 29, 2009

Oxford SWF Project, a university think tank on sovereign wealth funds, is looking at reports that the latest entry in the field could be Scotland. The project has a new post about the Scottish government floating the idea of an oil stabilisation fund to use oil and gas revenues.  It cites Scottish cabinet secretary for finance John Swinney looking abroad gleefully:

from DealZone:

“Tourists” arrive in private equity

May 21, 2009

Opportunistic buyers, lovingly dubbed "tourists" by those in the industry, have moved into the secondary private equity market. They're looThe cruise ship from Mediterranean Shipping Company Musica dwarfs Via Garibald as it arrives in Veniceking for positions in brand-name private equity funds at knock-down prices. As I wrote in a DealTalk today:"Pension funds and wealthy middle-east sovereign wealth funds are buying up investments in private equity funds, pushing up prices and sidelining secondary firms that specialise in acquiring the assets."The market for second-hand private equity assets -- where private equity investors offload assets to specialist buyers -- has mushroomed as the credit crisis has intensified. And increasing numbers of cash-strapped investors are concerned about meeting their future commitments to buyout funds."New investors have been attracted to deals by steep discounts to net asset value, forcing up prices for specialist buyers, such as Goldman Sachs (GS.N) and HarbourVest Partners (HVPE.AS) that last month closed secondary funds after reaching their $5.5 billion and $2.9 billion targets respectively."Read the full piece here.

How to Spend It – for sovereign wealth funds (2)

April 22, 2009

On our way to a meeting in London with a senior official of a sovereign wealth fund from an emerging market country, my colleague and I came across a van from a company called Sovereign Recovery.

How to Spend It – for sovereign wealth funds

April 17, 2009

As dust settles and investor morale improves, sovereign wealth funds are slowly coming back to the market.

Of Seaweed, South Seas and Sovereign Wealth

August 12, 2008

kiribati_boat.jpgSovereign wealth funds get a lot of press these days with
their potential for rich investment and the fear in some
quarters that they could bring foreign government influence into
domestic economies.