News

GIC to invest $621m in India road business

Singapore’s sovereign wealth fund, GIC, will invest $621.5 million in the road and highway assets of India’s IRB Infrastructure Developers Limited. IRB will move nine existing assets into a private infrastructure investment trust and will hold a 51% controlling stake. GIC will have a 49% share in the investment manager. In a statement on August 6, 2019, IRB said the portfolio spans 1,200 kilometres across multiple states, including Haryana, Uttar Pradesh, Rajasthan and Gujarat, Maharashtra and Karnataka. Virendra Mhaiskar, chairman and managing director of IRB, said the investment from the sovereign wealth fund demonstrates confidents in the firm’s ability “to build quality infrastructure for India”. He added: “IRB and GIC plan to also explore future road sector opportunities in India together”. ©2019 funds global asia

Executive Interviews

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

Roundtables

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.