Global SWF’s Post

China's sovereign wealth fund is in talks to back a roughly $800m investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world's second-biggest economy. China Investment Corporation is working with Investcorp to put money into the Bahrain-based company's Gulf-focused pre-IPO fund. CIC's investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month. The partnership with Investcorp is part of CIC's plans to look at more deals in the Middle East. The investment by CIC, which manages about $1.3tr, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of $500m and the company is also planning to broaden the fund's focus to investing across the Middle East and Asia, Bloomberg reported. #Funding #OilandGas #Energy

China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation (CIC) is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. The partnership with Investcorp is part of CIC’s plans to look at more deals in the Middle East, the people said. The investment by CIC, which manages about US$1.3 trillion, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of US$500 million and the company is also planning to broaden the fund’s focus to investing across the Middle East and Asia. Source: Bloomberg News #china #beijing #chineseeconomy #globalfinance #banking #crossborder #investments #middleeast

China’s sovereign wealth fund has established a US$1 billion fund with the Middle East region’s biggest alternative asset manager to invest in companies among the Gulf Cooperation Council (GCC) and China, putting investment dollars behind warming relations between the two regions. The Golden Horizon Fund, launched with Bahrain-based Investcorp Holdings, marks the first time that China Investment Corporation (CIC), which has assets of US$1.35 trillion, has invested in the Middle East. The announcement of the fund’s launch took place at Investcorp’s China-GCC Investment and Business Cooperation Summit in Riyadh. The event featured prominent speakers including Qi Bin, executive vice-president and deputy chief investment officer with CIC, and Ibrahim Al-Mubarak, Saudi Arabia’s assistant minister of investment, and representatives of CIC’s global private-equity partners Goldman Sachs and HSBC, as well as other industry experts. The new investment fund will be anchored by CIC and institutional and private investors from the GCC, according to the statement. Target companies are expected to have high growth potential in attractive sectors, including consumer, healthcare, logistics and business services. The fund is expected to focus on investing in GCC countries (Saudi Arabia, Kuwait, Bahrain, United Arab Emirates, Oman, Qatar), with the intention of eventually bringing them to enter the mainland China market, showcasing a mutually beneficial arrangement, according to a source who is familiar with CIC’s investment strategy. Source: South China Morning Post SCMP #china #beijing #chineseeconomy #globalfinance #banking #crossborder #investments #middleeast

Swiss private equity firm Partners Group is working with China Investment Corporation (CIC) and Middle Eastern sovereign wealth funds to curate growing investment flows as the two regions cosy up. The Zug-based firm has long-established relationships with CIC, which has assets of $1.35 trillion, and some of the large Middle Eastern sovereign wealth funds to invest their money globally. These relationships allow the firm to understand the funds’ investment objectives and find opportunities to collaborate between regions and organisations. State-owned investors in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – the six GCC nations – invested more than US$2.3 billion in China in 2023, compared with just US$100 million in 2022, according to data provider Global SWF . The oil-producing nations are working to diversify their economies and broaden their portfolios. Partners Group, which has around US$150 billion of AUM, is eyeing the opportunities brought by warming ties between the two regions. Its relationship with CIC is part of a China strategy of bringing capital in and out of the country as well as creating value for its global companies with Chinese opportunities. #China #HongKong #privateequity #sovereignwealthfund

💼 Major Economic Milestone! 🌍 On October 31, 2024, Hong Kong and Saudi Arabia unveiled a US$1 billion investment fund to bolster their economic ties. This significant collaboration was formalized during the Future Investment Initiative (FII) in Riyadh, with a memorandum of understanding (MoU) signed between the Hong Kong Monetary Authority (HKMA) and Saudi Arabia’s Public Investment Fund (PIF).This partnership reflects a shared vision for stronger financial cooperation and mutual growth opportunities between two economic powerhouses. In my latest article for Middle East Briefing, by Dezan Shira & Associates, I dive into the implications of this partnership and its potential to reshape economic relations between these two influential regions 📖 Read more details here: Hong Kong and Saudi Arabia Announce US$1 Billion Investment Fund https: //https://lnkd.in/g-B9DCiq What are your thoughts on this historic agreement? 🤔 #EconomicPartnership #HongKong #SaudiArabia #GlobalFinance #FutureInvestmentInitiative #InvestmentFund #PIF #HKMA #MiddleEastAsiaTies

Saudi Arabia’s sovereign investment fund signs $50bn deals with Chinese financial institutions: Arab News just published a news story yesterday reporting that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has recently signed investment agreements totaling US$50 billion with six top Chinese financial institutions. The institutions involved include the Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), China Export and Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and the Industrial and Commercial Bank of China (ICBC). These partnerships aim to promote two-way capital flows through both debt and equity. “The move is part of PIF’s strategy to foster institutional partnerships globally. With assets under management of US$925 billion, PIF is the world’s fifth-largest sovereign wealth fund” and continues to grow rapidly globally, in addition to its major investment activities locally and regionally. read all about it here: https://lnkd.in/e3Fs8Xxs

Swiss private equity firm Partners Group collaborates with China Investment Corporation (CIC) and Middle Eastern sovereign wealth funds to navigate increasing investment flows between the two regions. With assets of US$1.35 trillion, CIC and prominent Middle Eastern funds partner with Zurich-based Partners Group to deploy their capital globally. CIC, China’s sovereign wealth fund, has expressed keen interest in investing in the Middle East following President Xi Jinping’s visit in December 2022. Establishing a US$1 billion fund to invest in companies within the GCC, CIC aims to bring these ventures to the Chinese market. In 2023, state-owned investors from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE significantly increased their investments in China to over US$2.3 billion, signaling a strategic shift towards diversifying their portfolios and economies. Partners Group, managing around US$150 billion in assets, strategically leverages its partnership with CIC to capitalize on the opportunities arising from the enhanced relations between China and the Middle East. (Source: South China Morning Post SCMP) #china #beijing #chineseeconomy #globalfinance #banking #crossborder #investments #middleeast

Saudi Arabia’s sovereign investment fund signs $50bn deals with Chinese financial institutions: Arab News just published a news story yesterday reporting that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has recently signed investment agreements totaling US$50 billion with six top Chinese financial institutions. The institutions involved include the Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), China Export and Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and the Industrial and Commercial Bank of China (ICBC). These partnerships aim to promote two-way capital flows through both debt and equity. “The move is part of PIF’s strategy to foster institutional partnerships globally. With assets under management of US$925 billion, PIF is the world’s fifth-largest sovereign wealth fund” and continues to grow rapidly globally, in addition to its major investment activities locally and regionally. read all about it here:

China's Sovereign Wealth Fund Teams Up with Bahrain's Investcorp for $1 Billion Middle East Investment. 🔹 Key Points: China's sovereign wealth fund partners with Bahrain's Investcorp to establish a $1 billion investment pot aimed at fostering cross-border cooperation. The Investcorp Golden Horizon fund will support companies in Saudi Arabia, the GCC region, and China, focusing on sectors like consumer, healthcare, logistics, and business services. The partnership underscores growing economic ties between the Middle East and China, bolstered by recent initiatives like the local currency swap agreement between SAMA and the People's Bank of China. 🔹 Quotes from Industry Leaders: Bin Qi, Executive VP & CIO at CIC: "We are working closely with Investcorp to strengthen financial and industrial ties between China and GCC countries." Mohammed Al-Ardhi, Executive Chairman of Investcorp: "This commitment by CIC reinforces the trust placed in our global platform and teams." Hazem Ben-Gacem, Co-CEO of Investcorp: "The new fund will facilitate cross-border cooperation and investments between the GCC and China." #InvestmentNews #MiddleEastInvestment #ChinaGCCPartnership #BusinessStrategy #InvestmentOpportunities #FinancialAdvisory #RealEstateInvestment

A meeting was held between The National Agency of Perspective Projects of the Republic of Uzbekistan representatives and a delegation from Franklin Templeton. The meeting discussed issues related to the practical implementation of the agreements reached and signed agreements following the state visit of the President of Uzbekistan to the USA and Singapore last year. #uzbekistan #capital #market #napp #investments