Abu Dhabi's Mubadala May Invest Up To $25B In Softbank Vision Fund 2
SoftBank has signed a memoranda of understanding with 12 investors including the sovereign wealth fund of Kazakhstan, Microsoft Corp and Japan’s three mega banks, as well as existing Vision Fund backers Apple and Foxconn.
RDIF launches an initiative to set up a joint fund to implement BRICS infrastructure projects
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), has announced an initiative to form a joint fund to invest in the equity capital of BRICS infrastructure projects while he attends the BRICS summit in Fortaleza. Representatives of leading financial institutions, BRICS sovereign wealth funds and RDIF’s international partners have given their complete support to the initiative. Should the negotiations be successful, the joint fund will become operational by the next BRICS summit which is scheduled to take place in Ufa (Russia) in 2015.
Adia to extend hiring in infrastructure and private equity
The Abu Dhabi Investment Authority — the giant $770 billion sovereign wealth fund — plans to continue the build-out of its in-house investment teams by "selectively" hiring in infrastructure and private equity.
Abu Dhabi, Singapore Wealth Funds Will Back Thomas H. Lee's 7th Fund
Prior reports have suggested that THL will seek between $3 billion and $4 billion for the new effort, compared to the $8.1 billion it raised for its sixth fund in late 2007 (plus a $2 billion co-investment sidecar). That fund is entirely committed, but THL has between $700 million and $800 million in available capital via recycling provisions.
U.S. Treasury Secretary To Meet with ADIA Amid Infrastructure Push
U.S. Treasury Secretary Jacob Lew will meet with the managing director of the Abu Dhabi Investment Authority today in Abu Dhabi as American officials and business leaders push for more investment in ...
ADIA backs Freo, Halter to start CHF450m Mall of Switzerland
Luxembourg-based Freo, backed by a unit of the Abu Dhabi sovereign wealth fund ADIA, has joined with Zurich-based property firm Halter to start construction of the CHF450m (€369m) Mall of Switzerland near Lucerne.
Abu Dhabi Sovereign Fund to Gain Big from Virgin Money IPO
SIR RICHARD BRANSON is lining up a bumper payday from a float of Virgin Money, the banking arm of his sprawling business empire. The high street lender, which has more than 4m customers, is close to appointing two investment banks to begin preparations for a listing next year.
Abu Dhabi's IPIC Had "One of Our Most Successful Years to Date" in 2013
"013 was one of our most successful years to date,” said Khadem Al Qubaisi, Managing Director of IPIC. “IPIC’s excellent results saw revenues rise to a record AED 194.0 billion (US$ 52.8 billion), a 23% increase in profit, and a 10% reduction of debt - befitting results to mark the beginning of IPIC’s 30th year of operations.”
Abu Dhabi, Qatar, and Malay Sovereign Wealth Funds Top Candidates to Purchase Luxury Indian Hotels from Leela Group
Hotel Leelaventure Ltd is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell its prime properties in Delhi and Chennai for around Rs1,850 crore to pare debt.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Wintershall Partners with Abu Dhabi's Mubadala for MENA Energy Projects
"As we speak, there is a huge overlap of interest between Mubadala and Wintershall. We are very much interested in North Africa and Qatar, where Mubadala is already," Wintershall CEO Rainer Seele told The National.