News / Kuwait Investment Authority to increase infrastructure investments

Kuwait Investment Authority to increase infrastructure investments

🕔 January 28, 2014
US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

Kuwait's sovereign wealth fund, Kuwait Investment Authority (KIA), will focus on increasing its infrastructure investments in British, U.S. and European markets. The investment firm will also look at the international real estate sector.

Kuwait Investment Authority (KIA) managing director Bader al-Saad also told pan-Arab source that growth in capital and real estate markets was unlikely to carry on.

Saad also said that the high level of cash in the markets in the U.S., Europe, Japan and some developing countries are contributing to higher values of assets. During the last months investors have complained about the fierce competition in the acquisition of assets.

The KIA has stakes in companies including BP, Vodafone and HSBC. According to the Sovereign Wealth Funds Institute, KIA ranks as the sixth-largest SFW in the world, with $386 billion under management.

In October 2013, KIA hired two former bankers at Bank of America Merrill Lynch to join its recently launched infrastructure investment company, Wren House Infrastructure Management.

Kuwait Investment Authority has had a presence in London since the 1950s based at Wren House on Carter Lane in the Square Mile.

The hires followed KIA's involvement in a bid for Severn Trent water company in May. The failed proposed acquisition was made by a consortium that also included Canada's Borealis Infrastructure Management.

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