💰SWF – Sovereign Wealth Fund
Associated British Ports Reboots Property Development Arm to Capitalize on Land Bank .
Associated British Ports (ABP) – operator of 21 major ports throughout the United Kingdom – has announced a reboot of its ABP Property division, complete with a new team of specialists in commercial development and logistics led by Huw Turner, in order to identify and develop strategically significant locations in its 2,372 acre land bank.
ABP is owned in large part by a consortium of pensions and sovereign funds, including the Canada Pension Plan Investment Board (CPPIB) at 33.88% ownership,
OMERS at 30% ownership,
Singapore’s GIC Ventures Pte Ltd at 20.00% ownership,
Kuwait Investment Authority at 10.00% ownership.
Large institutional investors such as sovereign funds, pensions, and endowments have slowly increased allocation towards infrastructure over the past six years as an alternative to equities and bonds, according to asset allocation data from SWFI.
Bain Capital Could End Up Managing Harvard’s Direct Real Estate Portfolio .
Harvard Management Company (HMC) is exploring the possibility to outsource specific functions of its illiquid investment portfolio in a bid to save money on costs and enhance returns.