💰SWF – Sovereign Wealth Fund
Russia’s Reserve Fund to Be Terminated in February .
The Reserve Fund of Russia’s execution is nigh, according to an announcement from the country’s Ministry of Finance.
The oil fund now lies empty after having the last of its foreign currency reserves converted into just over 1 trillion rubles (US$ 17.55 billion) in the waning days of 2017 to cover the government’s budgetary shortfalls for the year, and will be summarily terminated on February 1, 2018.
The Reserve Fund declined nearly US$ 74 billion between January 2014 and January 2017 amid the global downturn in oil prices and a wave of sanctions over Russia’s involvement in Ukraine.
Plans for the Reserve Fund’s liquidation were revealed late last month by Russian Finance Minister Anton Siluanov.
https://www.swfinstitute.org/swf-news/russias-reserve-fund-to-be-terminated-in-february/
CPPIB and Goldman Sachs Lead $950 Million Recap with Peru’s Enfoca.
The Canada Pension Plan Investment Board (CPPIB) has committed US$ 380 million in funding to Enfoca, a Peruvian private equity firm based out of Lima, as part of US$ 950 million recapitalization deal led by the Canadian institutional investor alongside Goldman Sachs Asset Management LP’s secondaries-focused Vintage Funds (GSAM).