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PE is Private, Sovereign is state controlled/owned. I supposed they sort of do the same thing.
right, I wasn't sure if they are technically the same. All PE firms aren't sovereign funds, but sovereign funds (at times) can be PE? Would that be correct?
For example, CIC has done all sorts of things (stakes, growth equty, etc) -- would you consider them a PE?
Ya, I would think you are about correct. SW funds are like huge PE funds (not all, but the largest ones). I would consider CIC PE'ish, but there is more of a political tint to things.
No, Sovereign Wealth Funds are not Private Equity funds, because they do not take in capital from outside investors. It is solely the money of that country's funds. Private Equity funds raise capital from investors and may invest along side of them, but not exclusively.
If anything, you can consider Sovereign Wealth Funds very, very large Prop Shops.
Not exactly. A SWF is a fund that is a type of fund that gets its money from the earnings of the government, and it is run by the government. SWF funds may invest in businesses directly, but many times SWFs will actually invest in PE funds/firms themselves. I know a lot of PE firms go to SWFs like CIC and many in the middle east on their roadshows.
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