January 17 2008
Some of the large sovereign wealth funds (SWF) investments over past year include:
l January 2008: Citigroup says the Government of Singapore Investment Corp (GSIC) is investing $6.8bn which will convert into a 3.7pc stake in the US' largest bank, with the Kuwait Investment Authority (KIA) and Saudi Prince Alwaleed leading a further $7.7bn investment in the group.
l January 2008: US banking giant Merrill Lynch confirmed that it has won $6.6bn of financial backing from the KIA, Korean Investment Corp and other big investors.
l December 2007: Merrill Lynch says that it will sell up to 10pc of the company to Singapore's Temasek Holdings for up to $5bn.
l December 2007: China Investment Corp pays $5.5bn for up to 9.9pc of Wall Street bank Morgan Stanley by 2010.
l December 2007: UBS says Singapore's GSIC is investing $9.75bn for a 9pc stake in the Swiss bank.
Meanwhile, an undisclosed strategic investor in the Middle East is contributing a further $1.77bn in funds.
l November 2007: Abu Dhabi Investment Authority, the sovereign investment fund of United Arab Emirates, acquires 4.9pc of Citigroup for $7.5bn.
l October 2007: Dubai International Capital, owned by Dubai-ruler Sheikh Mohammed bin Rashid Al Maktoum, acquires 9.9pc in Och-Ziff Capital Management, a US hedge fund, for more than $1.1bn.
l October 2007: China's government-controlled Citic Securities and US investment bank Bear Stearns agree to invest $1bn in each other.
l September 2007: The Qatar Investment Authority acquires 20pc of the London Stock Exchange and nearly 10pc of Nordic bourse operator OMX.
l September 2007: Abu Dhabi-based Mubadala Development Co, an investment arm of the Abu Dhabi government, buys 7.5pc of one of the world's largest private-equity firms, Carlyle, for $1.35bn.
l July 2007: China Development Bank agrees to pay $3bn for a 3.1pc stake in British bank Barclays and Singapore's Temasek agrees to pay $2bn for a further 1.77pc.
l May 2007: China's Citic Securities agrees to pay $3bn for 10pc stake in US private equity firm Blackstone.
l May 2007: Dubai International Capital buys an undisclosed stake in British bank HSBC Holdings.
Sources: Dealogic, Bloomberg, Irish Independent
