Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
Al-Sowaidi had been the Qatar Investment Authority’s CIO for the Americas.
The SWFs also are pushing more into real estate as valuations drop, report says.
The $475 billion Qatar Investment Authority also signed a renewable energy deal in South Africa.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.