Japanese lawmakers push for a $3.2trn sovereign wealth fund; South Korea to launch $14bn SWF; Taiwan's Bureau of Labour Funds awards $1.6 billion equity mandate; and more.
The Hong Kong Monetary Authority and Saudi Arabia’s Public Investment Fund sign a $1bn partnership to fuel GBA expansion; Singapore’s MAS appoints six asset managers to oversee $2.2bn mandate to bolster the local stock market; Indonesian SWF Danantara secures a $1bn multi-currency credit facility from a syndicate of major international banks; and more.
Singapore’s sovereign wealth fund becomes lead investor in a $91m funding round for Infravision; Japan's GPIF reports a 5.52% return for Q2; Canada's OTPP is set to shut down its Asia real estate team; and more.
Indonesian sovereign wealth fund Danantara lodges $1 billion bid for land near Mecca's Grand Mosque; Kazakhstan plans a $500m-1bn crypto reserve fund; Future Fund and QIC become full owners of clean energy developer Tilt; and more.
Australian SWF's value has grown to A$261bn ($171bn) since its establishment in 2006; Canada's pension fund OMERS will dismiss its entire Asia buyout team as part of a strategic reassessment of its private equity operations; Singapore's GIC is reportedly seeking to sell up to $1bn of its private equity funds' holdings; and more.
Export Finance Australia (EFA) will provide up to $175 million for IFM Investors’ private credit capabilities to partner with businesses in fast-growing region.