Sovereign Wealth Funds

From ministries to markets: Why India needs a sovereign wealth fund

Ministries are designed to set policy, not to run companies or make investment decisions. In today's complex business world, they're simply not equipped to play fund manager

Tax break for global funds extended: what it could mean for your portfolio

Extension of tax breaks till 2030 aims to deepen foreign inflows in infra, but retail investors may only see limited indirect gains, say experts

India's quasi-sovereign wealth fund seeks to double assets to $10 bn

The move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects

Chinese state funds pull back from US private equity amid trade war

Chinese sovereign wealth funds have invested billions into leading US firms such as Blackstone, Carlyle Group, TPG, Vista Equity Partners, and Thoma Bravo

Abu Dhabi fund ADQ, Orion team up to invest $1.2 bn in metals, mining

The partners will invest through different asset classes, including equity, senior debt and production-linked instruments, such as royalties

Saudi Arabia's sovereign wealth fund plans to cut overseas investments

The sovereign wealth fund is the main vehicle for Crown Prince Mohammed bin Salman's plans to steer the Saudi economy away from oil

India, Saudi Arabia hold first High-Level Task Force meeting on investments

India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power. They reviewed measures aimed at promoting two-way investments in a mutually beneficial manner at the first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired by the Principal Secretary to the Prime Minister PK Mishra and the Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud in the virtual mode. The two sides reviewed the discussions held between the technical teams of the task force, a statement issued by the Prime Minister's Office here said. Constructive discussions were held on various opportunities for bilateral investments in diverse areas in the public and private sector, including refining and petrochemical plants, new and renewable energy, power, telecom, innovation, among others, the statement ...

Facebook co-founder's B Capital closes $750 mn fund for late-stage startups

It will make investments in companies specialising in technology, healthcare, climate technology

Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise

The once-high-flying company, founded by Ritesh Agarwal, filed for an initial public offering for the second time in March, after slashing the target amount to be raised by about two-thirds

Saudi fund PIF gives initial price guidance for three-part bond: Report

PIF is the chosen vehicle of Saudi Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler, to drive the country's ambitious plan to wean itself off oil as it diversifies Saudi economy

M&As register huge drop in 2023, overall deal values halve to $66 billion

Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach, a report said on Friday. From a volume perspective, there were 1,641 deals -- a drop of more than 20 per cent over 2022 -- the report by consultancy firm Grant Thornton Bharat said. The firm's partner Shanthi Vijetha said lack of liquidity in international markets, volatile market conditions, and cautious investor sentiment hindered deal activities in 2023. "As India's emphasis on sustainability and environmental responsibility positions it as an attractive hub for opportunities in the global economy, we must first overcome challenges such as currency strength and global instability," Vijetha added. Merger and acquisition deal values dropped 72 per cent to USD 25.2 billion across 494 transactions, impacting the overall number the most, the report said. Outbound M&As were at USD 3.2 billion -- as against USD 17.9 billion in the year-ago period -- were ..

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge

Overall, sovereign wealth funds controlled by the hydrocarbon-rich governments of Abu Dhabi, Saudi Arabia and Qatar took five spots on a list of the top 10 most active funds last year

Norway's $1.4 trillion sovereign wealth fund posts $34 billion loss in Q3

The fund's return on investment was minus 2.1% for the July-September period, 0.17 percentage points stronger than the return on its benchmark index

Saudi Crown Prince's visit may open funding doors for Indian companies

The fund is the seven largest sovereign wealth fund in the world and is the kingdom's key investment vehicle

Saudi Arabia plans sovereign wealth fund office in Gujarat's GIFT City

India and Saudi Arabia signs 53 MoUs worth $3.5 bn

Investments by sovereign wealth funds surge 56% in 2022: SWFI analysis

SWFI has announced a Global Wealth Conference (GWC), taking place in London on May 31 and June 1 in London

Adani Group secures $3 bn credit from sovereign wealth fund: Report

Adani Group has told creditors it has secured $3 bn loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns

InCred Financial Services aims to float about Rs 10,000-crore AIF

Subsequently, it will look to raise money from institutional investors, including Sovereign Wealth Funds

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

ADIA eyeing minority stake in Aditya Birla's health insurance arm: Report

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks