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Hot market cools sovereign funds’ appetite for infra

Intense competition, high valuations and regulatory uncertainty have led SWFs to shift from infrastructure to public equities – at least in developed markets, a new report finds.

Alternatives and public equities drive CIC’s record returns

The $941bn Chinese SWF will increase its allocation to infrastructure, in which it has invested $10bn over the past three years.

Saudi Arabia’s PIF becomes 25% owner of power group ACWA

The sovereign wealth fund’s investment comes ahead of a planned IPO by the company, which has increasingly been diversifying towards renewable energy globally.

Wren House eyes core-plus growth after €750m sale

The managing director of the Kuwaiti infrastructure manager brushed off renationalisation threats in the UK, saying it is ‘a country where rule of law exists’.

Institutional infra investment to hit $130bn in next two years

The shift towards real assets is ‘here to stay’, according to survey, as infrastructure proves more popular than real estate with public pension funds and SWFs.

ADIA steers clear of pricey auctions to access infra

In its annual report, Abu Dhabi’s sovereign wealth fund says the outlook for infrastructure asset valuations will be less certain in 2018, given political factors and policy considerations.

Norway’s SWF dealt PE blow

A government white paper cited transparency issues and management fees as reasons why the $1trn fund should not invest in unlisted equities.

Future Fund expands infra head’s role in overhaul

Wendy Norris will now oversee private equity and property alongside infra and timberland amid a restructuring at Australia’s sovereign wealth fund.

Macquarie Asia II pushes New Mexico SIC closer to infra target

The US endowment's infra allocation is now up to $650m as MIRA’s vehicle nears its $3.25bn target.

Inside the Alaska-Railpen-PIFSS joint venture

Three sizeable investors have teamed up to back promising first-time managers with $700m. How will it work?

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