Jan
19
SOVEREIGN WEALTH FUNDS - UPDATE - ADIA - QIA - SOFAZ

http://fr.viadeo.com/fr/profile/francis.masson

http://www.linkedin.com/pub/francis-masson/14/299/282

Infrastructure funds have seen strong inflows this year from SWFs

and other long-term institutional investors and a survey by Preqin

forecasts that the strong momentum will continue into 2014.

Global sovereign wealth fund assets have grown by over 750 billion US

since last year and now amount to 5.38 trillion USD.

Growing assets, increasing allocations to alternative investments,

diversifying into emerging markets, hiring internal investment staff

and increasing direct investments.

Real estate investment continues to be one of the strongest

ongoing trends and is expected to remain so in 2014.

Global SWFs invested 11.09 billion USD in real estate as of

November 2013 and GCC SWFs continued making real

estate deals into December.

Both ADIA and QIA added exposure to Indian real estate.

ADIA also made real estate investments in the U.S., U.K.,

Australia and Montenegro.

Kuwait Investment Authority is taking a new tact by investing

in real estate projects in the U.K., rather than completed

properties as project financing from banks dries up.

Meanwhile, SOFAZ announced plans to buy Asian real estate in 2014.

In other alternative investments, a survey by Preqin forecasts that

SWF inflows to infrastructure funds will also continue to see momentum

in 2014.

Resource investment was one of the earliest investment trends

for GCC sovereign wealth funds and this area continues to see

investments.

Mubadala Development is making a joint bid with

Qatar Petroleum and Oman Oil to buy a minority stake in

Occidental Petroleum Corp's MENA unit.

SOFAZ continues to buy gold and Qatar Holding signed a letter of

intent to develop a copper project in Peru with Indico Resources.

Finally, in a more recent investment trend, GCC sovereign wealth

funds were active in sports and fashion investments in December.

Mubadala is a minority investor in the sports, fashion and media

firm, IMG Worldwide. ADIA is considering buying the naming rights

to Sao Paolo's World Cup football stadium and Qatar Holding

is entering into a joint venture to buy a 20 percent stake in

Gianni Versace.

Ajouter un commentaire

Image CAPTCHA