💰SWF – Sovereign Wealth Fund
Mubadala Boosts Capital in French Partnerships
Abu Dhabi-based Mubadala Investment Company earmarked up to €1 billion (US$ 1.2 billion) worth of investments toward the French economy by partnering with two French state-owned entities.
Mubadala is working with CDC International Capital, the investment arm of French state-owned lender Caisse des Dépôts Group (CDC) and BpiFrance (Banque publique d’investissement) – a French state investment bank that is co-owned by CDC group.
This deal was signed during a visit from French President Emmanuel Macron to Abu Dhabi.
https://www.swfinstitute.org/swf-news/mubadala-boosts-capital-in-french-partnerships/
Blackstone Uses Portfolio Company for Rooftop Solar in StuyTown
Global asset owners are increasingly trying to find ways to make their real estate holdings more energy efficient.
Ivanhoé Cambridge, a real estate unit Caisse de dépôt et placement du Québec (CDPQ), and private equity giant Blackstone Group L.P. are both invested in the Stuyvesant Town-Peter Cooper Village residential complex, commonly known as StuyTown.
CDPQ and Blackstone agreed to essentially triple Manhattan’s capacity to generate solar power with plans to install a 3.8 megawatt system across 22 acres of rooftop in StuyTown. The project would be comprised of 9,671 high-efficiency solar panels.