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EFG International, a Swiss private bank, has successfully turned around its performance and reputation after a period of restructuring following the 2008 financial crisis. The bank has attracted talent from other banks and has seen positive growth in assets under management. While EFG is open to acquisitions, it is cautious in finding the right targets. The CEO, Giorgio Pradelli, discusses the complexities and risks associated with mergers and acquisitions in the banking industry, emphasizing the importance of credit risk management and conservative lending practices. EFG also focuses on serving entrepreneurs and has a strong international presence in regions such as Latin America, the Middle East, and Asia. [Extracted from the article]

H.I.G. Capital, a Miami-based investment firm, has successfully closed its first infrastructure fund, raising $1.3 billion in commitments. The fund, called H.I.G. Infrastructure Partners, focuses on mid-market deals in Europe and North America in sectors such as telecoms, power, and transport. It has already made seven deals, with two more expected to close in the third quarter of 2024. The fund attracted a diverse range of investors from North America, Europe, Asia, and the Middle East, including sovereign wealth funds, insurance companies, pension funds, and family offices. H.I.G. Capital manages a total of $64 billion in assets across various investment categories. [Extracted from the article]

Ali Syed has joined Lazard as the managing director and head of sovereign and pension fund coverage. Based in New York, Syed will lead Lazard's efforts to advise global sovereign wealth and pension funds. He previously worked at Citigroup as the managing director and head of sovereign wealth fund and pension advisory. Lazard is looking to expand its private capital presence and recently launched Lazard Capital Solutions. Syed's appointment will strengthen Lazard's connectivity to private equity and alternative asset managers and support global sovereign and pension funds in achieving their strategic and financial objectives. [Extracted from the article]

Gravis Capital, a London-based investment firm, is preparing to launch its net zero fund, which aims to raise €500 million ($539.9 million) and achieve a 10-12% rate of return over a 10-year period. The fund will focus on mid-market projects in OECD countries, with an 80% allocation to Europe, in sectors such as energy transition, transport, resource use, sustainable food, and carbon sequestration. The fund already has several seed assets, including a miscanthus grass farmland site in the UK and a portfolio of Spanish solar assets. Gravis expects interest from institutional investors, impact-oriented LPs, and pension funds. [Extracted from the article]

"If you're going to bank China seriously - and I feel we are really bar none the defining international bank in China that really sees and understands China - you have to see the market through that prism." Surendra Rosha and David Liao stride into the meeting room on the 43rd floor of HSBC's Hong Kong head office and offer firm handshakes. HSBC will always be under the microscope - the bank gets "five times the media read of any other bank", Rosha reckons. [Extracted from the article]

Future Fund and its partner, QIC, have acquired a 19.8% interest in Connect East Group, the owner of a toll road network in Victoria, Australia. The partners purchased the interest from the New Zealand Superannuation Fund and the Teachers Insurance and Annuity Association of America. QIC will manage the investment on behalf of Future Fund, leveraging its experience in the transport sector. This is Future Fund's first direct investment in an Australian toll road, aligning with their strategy to seek more Australian dollar exposure. [Extracted from the article]

The Maharlika Investment Corporation (MIC) has formed a partnership with the Philippines' National Electrification Administration (NEA) to improve the electricity infrastructure in Palawan. The partnership aims to stabilize the region's power supply in order to attract business and industry for economic growth. Under the agreement, all parties will provide technical assistance and share data, MIC will assess Palawan's electrical system and finance upgrades, and PALECO will offer assistance for the execution of the agreement. This partnership aligns with the government's agenda to invest in key sectors, including energy development, to sustain economic growth. [Extracted from the article]

Saudi Arabia's Public Investment Fund (PIF) has launched the Neo Space Group (NSG) to support satellite operations. NSG aims to become a leader in the satellite and space sector by developing local capabilities and enhancing its strategic position in the global space economy. It will invest in local and international assets, venture capital opportunities, and focus on satellite communications, earth observation, satellite navigation, and the Internet of Things. This initiative aligns with PIF's strategy to diversify the Saudi economy and drive economic expansion in related sectors. [Extracted from the article]

The Nusantara Capital Authority (NCA) and the Indonesia Investment Authority (INA) have partnered to attract foreign investment for the development of the Nusantara capital city in Indonesia. The collaboration aims to enhance economic growth and transform Nusantara into a world-class city by 2045. As part of their efforts, the NCA has granted permission to Emirati renewable company Masdar to proceed with investment. INA plans to facilitate additional investments from global investors to support sustainable development in Indonesia. The partners have engaged with government officials and international representatives to further their goals. [Extracted from the article]

Alcazar Energy, a UAE-based company, has successfully raised $490 million for its second renewable energy fund. The fund, called Alcazar Energy Partners II (AEP II), primarily invests in utility-scale solar and onshore wind projects in the Middle East, North Africa, Eastern Europe, and Central Asia. AEP II has received commitments from various investors, including industrial conglomerates, insurance companies, and family offices. The fund aims to develop over 1.6GW of clean energy projects and has already acquired project rights for two wind farms in the Western Balkans. Alcazar Energy is also interested in developing renewable projects in Egypt. [Extracted from the article]

Mubadala Investment Company has made its first investment in Japanese renewables by acting as a cornerstone investor in PAG's APAC renewables fund. The PAG REN I fund has raised $550 million from sovereign wealth funds and investors in North America, Europe, and the Middle East. The fund aims to support Japan's target of 108GW of solar capacity by 2030 and reduce carbon emissions and reliance on imported fuels. Mubadala's investment aligns with its commitment to renewable energy and reducing carbon emissions. [Extracted from the article]

Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to exclude investments in Adani Ports and Special Economic Zone due to concerns about the company's contribution to human rights violations in war or conflict situations. As of the end of 2023, NBIM had $63.86 million invested in Adani Ports, down from a peak investment of $98.2 million in 2020. The decision to exclude the company was based on a recommendation from NBIM's Council on Ethics. NBIM has also decided to divest from Weichai Power and technology company L3Harris Technologies due to concerns about their involvement in the sale of weapons and military material in breach of international law. [Extracted from the article]

Abu Dhabi Developmental Holding Company (ADQ) has priced its inaugural $2.5 billion bond on the London Stock Exchange. The issuance was aimed at diversifying the Emirati sovereign wealth fund's funding sources and took advantage of favorable market conditions. The bond received significant demand from international and regional institutions, with interest from Asia, the US, the Middle East, the UK, and Europe. The proceeds will be used to support ADQ's growth agenda and investments in various sectors such as energy, healthcare, and tourism. ADQ is rated Aa2 by Moody's and AA by Fitch. [Extracted from the article]

Mongolia's parliament has approved the establishment of a National Wealth Fund, which aims to enhance the country's economic and social infrastructure. The fund is projected to reach a value of $2.9 billion by 2030. It will consist of three primary funds: the Future Heritage Fund, the Savings Fund, and the Development Fund. Similar to practices in Alaska, Norway, Kuwait, Kazakhstan, New Mexico, and Saudi Arabia, each citizen will receive a share of the fund's return on investments. The fund will support Mongolia's Vision 2050 plan and prioritize areas such as health, education, and housing. The Prime Minister highlighted the importance of prudent negotiations, such as the cancellation of significant debts related to projects like Oyu Tolgoi, in leveraging mineral revenues for transformative change and sustainable growth. In 2023, Mongolia's economic growth was 7%. [Extracted from the article]

Norges Bank Investment Management (NBIM) has agreed to acquire a 49% stake in a 644MW Spanish solar portfolio from Iberdrola. The bank will pay €203 million for its interest, valuing the portfolio at €414 million. The portfolio consists of two solar plant projects, one of which is operational and the other is expected to come online in 2025. This acquisition is part of a continued partnership between NBIM and Iberdrola, with potential projects bringing a total capacity of 2,600MW to the alliance. NBIM has been a shareholder in Iberdrola for over 7 years. [Extracted from the article]

Private equity firm Gaw Capital Partners has announced the addition of Hyun-Chan Cho and Elizabeth Di Cioccio to its senior leadership team. Cho, based in Hong Kong, will serve as the managing director, head of infrastructure, and head of Korea. He previously worked at IMM Investment and the International Finance Corp. Cioccio, based in Dubai, will be the managing director, capital markets for EMEA. She brings nearly two decades of experience in the financial markets, having worked at KKR & Co, Mercury Capital Advisors, and Merrill Lynch. [Extracted from the article]

Blackstone's open-ended infrastructure fund, Blackstone Infrastructure Partners (BIP), has reached $43.9 billion in commitments, with $34.3 billion raised through the main strategy and $9.6 billion held in co-investment vehicles. The fund, which launched in 2017, aims to raise $20 billion from institutional investors and received a $20 billion cornerstone investment from the Public Investment Fund of Saudi Arabia. BIP invests in various infrastructure markets, including transport, energy, communications, water, and waste, and has attracted capital from pension plans, sovereign wealth funds, insurance companies, and other institutional investors. The fund has made deals with companies such as Tallgrass Energy, Carrix, QTS Realty, and FirstEnergy. [Extracted from the article]

CVC Capital Partners, a private markets investor with €116 billion in assets under management, has set an indicative price range of €13 to €15 per share for its upcoming initial public offering (IPO) in Amsterdam. This could potentially raise up to €1.8 billion and imply a valuation of €13 billion to €15 billion. The IPO is expected to take place on April 26, with shares trading on the Euronext Amsterdam. The primary proceeds from the IPO will be used to scale future company funds, pursue acquisition opportunities, and fund part of the cash consideration for CVC's acquisition of Dutch infra investor DIF Capital Partners. [Extracted from the article]

The European Bank for Reconstruction and Development (EBRD) is considering providing a long-term senior loan of up to $140 million to finance the acquisition of the Gabal El Zeit wind farm in Egypt. The wind farm, with a capacity of 580MW, is currently owned by The Sovereign Fund of Egypt (TSFE) and is being acquired by Actis for $350 million. Actis will hold 100% ownership of the farm through its Actis Long Life Infrastructure Fund. The loan is currently in the structure review stage and, if approved, will support the privatization of state-owned assets in Egypt. The energy generated by the wind farm will be sold to the Egyptian Electricity Transmission Company (EETC) at a rate of $0.024 per kilowatt hour under a long-term power purchase agreement. [Extracted from the article]

The Singapore sovereign wealth fund has taken over GIC's holdings in the broker. [ABSTRACT FROM AUTHOR]

The Indonesia Investment Authority (INA) and Global Infrastructure Partners (GIP) have formed a partnership to develop infrastructure in Indonesia. The collaboration will utilize INA's local market knowledge and GIP's global infrastructure expertise to identify and develop opportunities in sectors such as energy, transportation, digital infrastructure, and utilities. The investments will focus on priority infrastructure, including airports, ports, power generation and transmission, telecom towers, fiber optics, data centers, and water/waste management. The partnership aims to accelerate sustainable growth and development in Indonesia's infrastructure and wider economy. [Extracted from the article]

Stephen Gilmore has been appointed as the new chief investment officer of the California Public Employees' Retirement System (CalPERS). He will be the fourth person to hold this position in just over 5 years. Gilmore, who previously served as the CIO of the New Zealand Superannuation Fund, will oversee a team of 300 investment professionals and a portfolio valued at $494.6 billion. His 40-year career includes experience in various public and private institutions, and his annual salary for this role is $718,750. CalPERS CEO Marcie Frost praised Gilmore's transparency and understanding of the needs of members and public sector employers. [Extracted from the article]

Sterlite Power and Singapore's sovereign wealth fund, GIC, have launched a power transmission joint venture in India. Sterlite Power will hold a 51% stake in the platform, while GIC will hold a 49% stake. The joint venture aims to develop and operate transmission and power projects in India, taking advantage of the $13 billion capital expenditure announced by the Indian government. Both companies believe that transmission infrastructure will play a crucial role in facilitating the growth of renewable energy supply in India. [Extracted from the article]

Baker McKenzie has expanded its transactional practice in the Middle East and North Africa (MENA) region by relocating James Burdett to Abu Dhabi. Burdett, a funds partner in London, will strengthen the firm's offering in the region by focusing on investment fund and private equity transactions. He has extensive experience in sectors such as environmental markets, energy transition, infrastructure, private equity, and real estate, and has represented sovereign wealth funds and financial institutions. The relocation reflects the increased private capital activity and fundraising in the UAE and the wider region. [Extracted from the article]

White & Case, a global law firm, has hired Lavanya Raghavan as a funds partner in its M&A practice and private equity industry group in London. Raghavan previously worked at Ropes & Gray and Clifford Chance, advising private fund sponsors on various matters such as fund formation and governance arrangements. She also provides advice to institutional investors. Her role at White & Case will focus on Luxembourg and the Middle East. This hiring is part of a series of funds partners hired by the firm to enhance their ability to advise global financial sponsor clients. [Extracted from the article]

For years the Middle East flirted with becoming a capital markets power, without ever quite succeeding. HSBC Saudi Arabia and SNB Capital were joint financial advisers, bookrunners and underwriters on the largest stock offering in Saudi Arabia since Aramco, and its biggest private- sector IPO. A contrary fear held by some local bankers sees the outside world regaining confidence and momentum, and global investors finding their heads turned by stock offerings, not in Dubai or Riyadh, but Hong Kong and New York. If 2022 was the definition of a breakout year for the Middle East's capital markets, the challenge now is to maintain momentum and convince global banks, investors and corporates that their financial and human resources are worth allocating here long term. [Extracted from the article]

Khazanah Nasional, the Malaysian sovereign wealth fund, has appointed Hisham Hamdan as its chief investment officer. This appointment will allow the fund to expand its investment capabilities and create new capacities and competencies. Hamdan brings extensive investment and management experience to the role, having worked on the board of several investment firms over his 30-year career. He also holds other positions, including chairman of the board for UEM Sunrise and trustee of the Khazanah Research Institute. Prior to this appointment, Hamdan held various positions within Khazanah, as well as executive roles at Sime Darby and other organizations. [Extracted from the article]

Korea Housing Finance Corp (KHFC) recently priced a $500 million social notes offering in the global bond market. The 3.5-year senior unsecured notes were priced at 58 bps over US Treasuries, yielding 4.942%. The proceeds from the bond issuance will be used to provide housing finance for end users in Korea through various mortgage loan products. The offering received strong demand, with final orders exceeding $1.9 billion from 85 accounts. The bonds are set to be issued on February 27 and are expected to be rated Aa2 by Moody's and AA by S&P. [Extracted from the article]

Bayfront Infrastructure Management, a platform backed by Singapore's sovereign wealth fund Temasek, has completed its first private placement of infrastructure asset-backed securities (IABS). The $103 million bond offering deal was signed with Chandra Daya Investasi, an infrastructure investment arm of Indonesia's Chandra Asri Group. This is Bayfront's fifth IABS transaction, and the company primarily buys brownfield project and infrastructure loans and bonds in Asia Pacific, Africa, and the Middle East. The Asian Infrastructure Investment Bank and Clifford Capital Holdings are key shareholders of Bayfront. [Extracted from the article]

The Public Investment Fund (PIF) has acquired a 40% stake in Zamil Offshore, a Saudi offshore support vessel and construction service provider. The investment will be used to expand Zamil's services and fleet to meet growing demand. Zamil Offshore manages over 90 vessels and has signed distribution agreements and partnerships with various companies. The Saudi sovereign wealth fund made this investment to support the country's energy base and hopes that Zamil Offshore will expand its services to support wind generation in the future. [Extracted from the article]

The Green Guarantee Company (GGC) has launched, offering guarantees on loans for sustainable infrastructure projects. Developed by the Development Guarantee Group and co-founded with Cardano Development, GGC aims to unlock climate financing by providing guarantees for green loans and institutional investors buying green bonds on the London Stock Exchange. The initiative has received backing from various organizations, including the UK's Foreign, Commonwealth and Development Office, the Green Climate Fund, and the Nigeria Sovereign Investment Authority. GGC's strategy focuses on improving the credit rating of assets to enable developers to access more capital at a lower cost. [Extracted from the article]

The Government Investment Corporation (GIC) of Singapore is making changes to its senior management team, effective from April 1, 2024. Boon Chin Hau has been appointed as the deputy CIO for infrastructure. Other changes include the promotion of Sam Kim to COO and Bryan Yeo to deputy group CIO. Goh Chin Kiong will be appointed CIO for real estate, and Tay Lim Hock and Lim Kee Chong will step down from their positions but remain in the group executive committee. The CEO of GIC expressed confidence in the new leadership team's ability to excel in their roles. Additionally, GIC recently led a funding round for Zum, a sustainable school transport provider. [Extracted from the article]

KKR has successfully closed its $6.4 billion KKR Asia Pacific Infrastructure Investors II SCSp fund, making it the largest pan-regional infrastructure fund for the Asia Pacific region. The fund attracted interest from a diverse group of investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds, and asset managers. The fund focuses on critical infrastructure sectors such as renewables, power and utilities, water and wastewater, digital infrastructure, and transportation. KKR has already invested or committed over half of the fund's capital across approximately 10 investments. [Extracted from the article]

The Korea Investment Corporation (KIC) has opened an office in Mumbai to establish a local presence in emerging markets. The office will focus on infrastructure, private equity, real estate, and venture capital. It will research financial markets and investment opportunities in India and support the alternative investment activities of KIC's headquarters. This is KIC's fifth overseas office, and the Mumbai office aims to capture new investment opportunities in India's growing economy. KIC has committed 9.7% of its latest asset allocation to real estate and infrastructure, with investments in renewables, digital infrastructure, healthcare, and transport. [Extracted from the article]

UEM Group, a subsidiary of Malaysia's sovereign wealth fund, has signed two agreements to develop and deliver 500MW of solar power in Malaysia. The first agreement is a joint venture with Hexa Renewables, controlled by I Squared Capital, to develop the first phase of a government-backed 1GW hybrid solar project. UEM Renewables, a green industry subsidiary of UEM, will have a 51% share in the joint venture company. The second agreement is a technical partnership with Itramas, Malaysia's largest vertically integrated solar plant developer, to provide engineering, procurement, construction, and commissioning services for the 500MW solar plant. UEM had previously signed MoUs with domestic and international partners to develop a 1GW hybrid solar PV power plant in Malaysia. [Extracted from the article]

The Ireland Strategic Investment Fund (ISIF) has committed €50 million to P Capital Partners (PCP) Fund V, a closed-end fund that provides debt financing to mid-sized companies in Northern Europe, with a focus on the renewable and beyond-infra sectors. PCP Fund V considers ethical and environmental factors in its investment evaluations. ISIF's commitment aligns with its strategy of supporting Irish indigenous businesses. PCP Fund V's other investors include Folksam and LGPS. [Extracted from the article]

Macquarie Asset Management's seventh European infrastructure fund, Macquarie European Infrastructure Fund 7 (MEIF7), has reached its final close at €8 billion. The fund, which primarily invests in utilities, transportation, communications, and renewables, has already committed capital to three investments. MEIF7 has attracted commitments from over 100 investors, including pension funds, insurance companies, sovereign wealth funds, asset managers, and fund of fund investors. The fund can deploy up to 10% of its capital in investments in the Middle East and Africa. With the final close of MEIF7, Macquarie's European infrastructure fund series now manages around €30 billion, making it the industry's largest-ever European-focused infrastructure fund. [Extracted from the article]

The Maharlika Investment Fund (MIF), the sovereign wealth fund of the Philippines, is preparing to make its first investment in the infrastructure and energy sector. The president of MIF, Rafael Consing Jr., stated that the investment will likely occur within the next 90 to 100 days. MIF, which was established in July 2023 and has $2 billion in available capital, is also considering investing in the national grid of the Philippines. The fund aims to bridge gaps in the country's infrastructure and agriculture sectors and plans to raise additional capital by 2025. [Extracted from the article]

The European Bank for Reconstruction and Development (EBRD) has pledged to invest up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities in Egypt and Africa. The investment aims to promote private sector involvement in the Egyptian power sector and support the development of renewable energy projects in Egypt and the region. HAU Energy BV, based in the Netherlands, will focus on developing and operating renewable energy projects in North and Sub-Saharan Africa. The investment will include Egypt's largest onshore wind farm, the 1.1GW Gulf of Suez project, which is expected to be operational by the end of 2026. [Extracted from the article]

Norges Bank, the Norwegian sovereign wealth fund, has purchased a 49% stake in a renewable energy portfolio owned by Iberdrola, a Spanish utility company. The portfolio consists of solar and onshore wind assets located in Spain and Portugal, with a total capacity of 674MW. The acquisition, valued at €307 million, will not involve any external debt financing. Norges Bank plans to take ownership of the portfolio once the projects become operational. This deal is part of a larger partnership between the two companies, which aims to invest €2 billion in renewable energy projects over the next three years. [Extracted from the article]

ABC Impact Fund II, backed by Temasek, has reached its first close with over $550 million in assets under management. The fund, which is expected to close in 2024, has attracted new investors, including a Southeast Asian sovereign wealth fund, as well as commitments from previous partners. ABC Impact II will focus on impact investments with a social and environmental purpose, building on the success of its predecessor fund. The inaugural fund had a diverse portfolio across sectors such as financial and digital inclusion, health and education, climate solutions, water, and sustainable agriculture. The strong interest in Fund II reflects the success of the strategy implemented in the first fund. [Extracted from the article]

Africa50 has achieved its first close for the Infrastructure Acceleration Fund (Africa50-IAF), securing $222.5 million in commitments. The fund has received investments from 16 African investors and one international investor, including the African Development Bank and the International Finance Corporation. The fund, established in 2021, aims to invest in infrastructure assets across Africa, including power and energy, transportation and logistics, water and sanitation, and digital and social infrastructure. The target close for the fund is $500 million, and it is seen as playing a vital role in addressing Africa's infrastructure deficit and promoting inclusive and sustainable development. [Extracted from the article]

Nazim Uddin has joined Amberside Advisors as a director, after working at PwC for 10 years as director for deals modelling and analytics in the energy and infrastructure deals business. At Amberside, Uddin will lead a new data analytics venture, focusing on place-based energy transitions. Uddin has extensive experience in financial modelling and data analysis, having also worked at KPMG for 8 years. Amberside is excited about Uddin's expertise in data analytics and energy and infrastructure deals, as it will help them meet the current market demands. [Extracted from the article]

Stifel, an investment bank, has appointed Sergio Ronga as the head of infrastructure investment banking in their London office. Ronga will provide M&A and debt advisory services to Stifel's institutional clients, including infra and private equity funds, sovereign wealth funds, pension funds, and insurance companies. Ronga previously co-founded Daiwa International Capital Partners, an infrastructure-focused investment fund, and has held various positions at Macquarie Capital, Deutsche Bank, and Royal Bank of Scotland. Ronga aims to build a top-notch infrastructure advisory capability at Stifel and prioritize the interests of clients and the integrity of the platform. [Extracted from the article]

Abu Dhabi National Oil Company (ADNOC) has acquired a 10.1% stake in Storegga, a UK-based developer of carbon capture and storage (CCS) projects. Storegga has various CCS projects in the UK, including the Acorn project in Scotland, which is being developed in collaboration with Shell, Harbour Energy, and North Sea Midstream Partners. ADNOC's investment is part of its $15 billion commitment to low-carbon solutions and marks its first foreign equity investment in carbon management. Storegga's CEO expressed excitement about ADNOC joining their shareholder group and emphasized the importance of CCS and carbon removal technologies in achieving global net-zero goals. [Extracted from the article]

Lunate Capital, an investment manager backed by Abu Dhabi sovereign wealth fund ADQ, has officially begun operations with $50 billion in seed capital. The company is led by three co-chief executives and brings together ADQ's Alternative Investments platform Abu Dhabi Growth Fund (ADG) and Royal Group-owned Chimera. Lunate Capital plans to establish new funds for various types of investments and aims to raise third-party capital from institutional investors and other firms. The company has already formed partnerships with BNY Mellon and TPG Rise Climate Fund. [Extracted from the article]

The Mozambican parliament has approved the creation of a national sovereign wealth fund to capture revenues from oil and liquefied natural gas (LNG) exploration. The Mozambique Sovereign Fund will collect revenues from LNG production in offshore areas of the Rovuma Basin, alongside future development projects and investment returns. The government expects annual gas exports to reach $91.7 billion if all approved projects in the Rovuma Basin proceed, with peak annual revenues for the state projected to exceed $6 billion in the 2040s. The fund's governance and management will be overseen by Mozambique's parliament, government, Banco de Moçambique, an independent supervisory committee, and an independent investment advisory committee. [Extracted from the article]

Singapore-based infrastructure fund manager, Seraya Partners, has announced the completion of its first fund, the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund. The fund closed at $800 million, surpassing its target by $50 million. It has attracted commitments from global institutional investors, including sovereign wealth funds, pension funds, insurers, and family offices. The fund will focus on mid-market opportunities in energy transition and digital infrastructure, with an average investment size of $100 million. Seraya has already allocated 50% of its funds to its three platforms: Empyrion DC, Cyan Renewables, and Astrid Renew. [Extracted from the article]

Saudi Arabia's sovereign wealth fund is printing its second sukuk of the year [ABSTRACT FROM AUTHOR]