UK - SWFs consider investment in Barclays
Several Sovereign Wealth Funds, among them Singapore's Temasek Holdings and the Qatar Investment Authority (QIA), are considering backing a share issue by Barclays.
Barclays is thought to be seeking to raise more than £4bn from the issue and is aiming to offer a substantial stake to new investors, with existing shareholders also being given the opportunity to participate on similar terms.
Temasek and China Development Bank are both already shareholders in Barclays, having invested over £2.4bn in the bank in 2007 in a deal which saw Temasek take a 2% equity stake. An investment by QIA has been expected since Qatar's prime minister Sheikh Hamad bin Jassem al-Thani announced in January 2008 that US and Eurpoean banks were potential investment targets.
More on LPs
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
Golding adds insurance expertise with hire for institutional clients team
Tim Ickenroth joins as director with prior experience at BNP Paribas and UniCredit
Unquote Private Equity Podcast: PE perspectives from Berlin
Unquote’s Min Ho and Rachel Lewis digest the key takeaways from this year’s SupeReturn
EU Foreign Subsidies rules hold specific challenges for PE
Sovereign wealth funds and pension funds commitments may trigger EC attention under new EU foreign subsidies regulation
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater