April 22, 2018 7:54 AM ET

Capital Markets

Company Overview of Kuwait Investment Authority

Company Overview

New: Kuwait Investment Authority is a sovereign wealth fund of the Government of Kuwait. It primarily invests in real estate, private equity, public equity, fixed income, and alternative investment markets across the globe. It typically invests in private equity funds organized geographically across North America, Europe and Emerging Markets. It does not invest directly in any North America fund if the size of the fund is below $1.5 billion, in Emerging Markets fund if the size of the fund is below $1.0 billion, and in any European fund if the size of the fund is below € 2.0 billion ($2.35 billion). The firm’s alternative investments comprise of private equity markets, Hedge Funds, funds of ...

Ministries Complex

AlMurqab

P.O. Box: 64

Safat

Kuwait City,  13001

Kuwait

Founded in 1953

Phone:

965 2 485 600

Key Executives for Kuwait Investment Authority

MD, Group CEO & Member of the Board of Directors
Executive Director of Operations & Administration
Executive Director of General Reserves
Executive Director of Marketable Securities
Compensation as of Fiscal Year 2017.

Kuwait Investment Authority Key Developments

Tata Power-CDPQ Platform Reportedly In Talks To Buy Diliigent Power

Reportedly, an India-focused power platform created by The Tata Power Company Limited (NSEI:TATAPOWER), Caisse de depot et placement du Quebec (CDPQ) and ICICI Venture and few others, is in negotiations to buy of Diligent Power Pvt. Ltd, the power arm of print media company D.B. Corp. Ltd. Diligent Power has two thermal power plants with a combined capacity of 2,520 megawatts (MW)-one 1,200MW plant in Chhattisgarh and another 1,320MW plant in Madhya Pradesh. Although the $850 million platform was formed last year between Tata Power, ICICI Venture Funds, CDPQ Canada, Kuwait Investment Authority (KIA) and State General Reserve Fund (SGRF) of the Sultanate of Oman, no deal has been signed so far. "Though no conclusion was arrived at on valuation, the assets can fetch a price of Rs.5-7.5 crore/MW," one of the persons familiar with the matter said, on condition of anonymity.

Kuwait Investment Authority Announces Executive Changes

Kuwait Investment Authority has appointed Farouk Bastaki as managing director to replace Bader Mohammed al-Saad. Bastaki is currently the company's executive director for alternative investments. Bastaki will take up his new post by April, 2017 as part of a board reshuffle at the company.

Tata Power Reportedly Plans To Buy Stake In Resurgent Power

The Tata Power Company Limited (BSE:500400) will purchase 25% of Resurgent Power for $300 million as part of a consortium to primarily by both coal-fired and hydro power assets in India, besides looking at power transmission companies, two people with direct knowledge of the plan said. Consortium of two sovereign funds from Middle East, an overseas pension fund from Canada and local private equity fund ICICI Ventures. Kuwait Investment Authority, or KIA, Oman State General Reserve Fund, or OSGRF, Canadian pension fund Caisse de depot placement du Quebec, or CDPQ and local private equity fund ICICI Ventures own the consortium. The three global funds will invest $500 million and will own 65% stake, while ICICI Ventures will own the remaining 10% stake. "Tata Power does not respond to market speculations," the company spokesperson said in a mailed response.

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