Data Centre: SWFs targeting select private assets
Sovereign wealth funds across the world, including Asia, have begun reducing the overall number of private asset investments they are directly making, in a sign of increased concern about high valuations.
The trait was one of the findings of the latest annual report by the International Forum for Sovereign Wealth Funds (IFSWF). It noted that the funds are continuing to invest directly in real estate and private equity companies, but that they are focusing these efforts on areas where they see longer term potential, such as technology and healthcare.
Meanwhile the overall number of deals that these investors are conducting has been waning, including in inital public offerings, where their activity was notable reduced in 2018.
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