Family Office ClubEvents
Text or WhatsApp (Not an AI Bot):(808) 600-9260Tell me your situation

National Investment Fund (The Bahamas)

The Bahamas · Latin America and Caribbean · Founded 2022 · Proposed or pipeline fund · Not an IFSWF member

Legislated, not yet investingReport a correction
Focus

The Bahamas: what it invests in

Infrastructure and utilitiesTransport and logistics
Infrastructure

Geography Mainly domestic

Scale

The Bahamas: how big it is, and on what basis

Not disclosed
Fund market valueAs of
Transparency

The Bahamas: what it publishes

2.0 of 10 Band 1 of 5

Published 0 · Partly 4 · Not published 6

Our 10 item score. It measures what is public, not how well a fund is run.

Borrowing authorisedS3
USD 300M
As of
Spent on infrastructureS3
USD 310.9M
As of
Aviation shareS3
USD 100.3M
As of
Transparency scoreS3
2 of 10
As of

At a glance. The Bahamas National Investment Fund was created by a 2022 Act for national development in the blue, green and orange economies and as a legacy for future generations. In March 2025 Parliament approved borrowing up to USD 300M for deposit into it, and USD 310.9M had been used on public infrastructure by September 2026. Its board sits from June 2025; rules and reporting are still being finalised. S1 S3

Key points

  • Act No. 41 of 2022 allows a national fund and sub-funds. S1
  • Parliament authorised up to USD 300M of borrowing for the fund on 10 March 2025. S3
  • USD 210.6M went to buildings and roads, including a court and administrative complex and water assets. S3
  • USD 100.3M went to aviation infrastructure on the Family Islands. S3
  • Regulations, mandates, committees, reporting and audit were still being completed in September 2026. S3

Interesting facts

  • The Act names the blue, green and orange economies as target areas. S1
  • It can also manage natural resource wealth and government-held private investments. S1
  • The Finance Minister reported the fund to the House of Assembly on 16 September 2026. S3

Mandate and goals

Support domestic, cultural and social progress and leave a legacy for future generations. S1

  • Fund infrastructure and national development. S3
  • Invest in blue, green and orange economy sectors. S1
  • Manage natural resource wealth and state private holdings. S1

How it invests

IndustriesInfrastructure and utilities, Transport and logistics S3 S1
Asset classesInfrastructure S3
StagesInfrastructure S3
GeographyMainly domestic. Domestic public infrastructure S3
Direct / through funds / co-investYes / No / No S3
Ticket sizeNo ticket published S3
External managersNone reported S3
Co-investment programmeNone S3

Published criteria

  • Public investment in line with the March 2025 resolution. S3

Past investments

The fund has not published a list of investments.

Investment process

Parliament authorises funding by resolution; a Board appointed from June 2025 oversees the fund while the Ministry of Finance keeps records. S3

  1. Parliament approves borrowing and deposit. S3
  2. Proceeds used for public infrastructure. S3
  3. Ministry of Finance keeps the financial records. S3

How to approach: No approach route published. S3

Size and returns

  • Headline size: Not disclosed (Fund market value, as of 2026-09-16) S3
  • Borrowing authorised for deposit (March 2025): USD 300M (Committed or authorised capital, as of 2026-09-16) S3
  • Proceeds used on infrastructure (September 2026): USD 310.9M (Committed or authorised capital, as of 2026-09-16) S3
  • Returns: the fund does not publish a return figure.

Leadership

NameTitle
Michael HalkitisMinister of Finance S3

Governance and transparency

  • Legal basis: National Investment Fund Act, 2022 (Act No. 41 of 2022) S1
  • Oversight: Parliament and the Ministry of Finance S3
  • Board of Directors appointed from 30 June 2025. S3
  • Regulations, mandates and audit processes being completed. S3

Transparency score: 2.0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

  • Partly published: geographic or sector split, holdings or deal list, governance and mandate documents, named leadership. S1 S3
  • Not published: total assets, annual return, long-term returns, asset allocation, audited financial statements, regular reporting schedule. S3

History

DateEvent
2022National Investment Fund Act passed. S1
2025-03-10Parliament authorises USD 300M borrowing. S3
2025-06-30Board appointed. S3
2026-09-16Ministerial statement to the House. S3

For family offices

So far a public infrastructure vehicle; no programme for outside investors. S3

Reports

Common questions

When was it created?

By the National Investment Fund Act, 2022. S1

How has it been funded?

Through borrowing of up to USD 300M approved in March 2025. S3

What has the money paid for?

Buildings, roads, water assets and Family Island airports. S3

All sovereign wealth funds in Latin America and Caribbean · All proposed or pipeline funds · All funds in The Bahamas

Sources

  1. S1ECOLEX, National Investment Fund Act No. 41 of 2022
  2. S2IFSWF, our members
  3. S3ZNS Bahamas, Minister Halkitis on the National Investment Fund

Disclaimer

Informational only. SovereignWealthFunds.com is an independent public-source reference. It is not affiliated with or endorsed by any fund named on it, and it is not investment, legal or tax advice. Figures are as of the dates shown next to them and may have changed; please read each fund's official pages, linked on its profile. To report an error, use the contact page. Copyright SovereignWealthFunds.com. All rights reserved.

Richard C. Wilson

Talk to a human.

I'm Richard C. Wilson, founder of Family Office Club. I read the messages that come in through this site myself. Text or WhatsApp me at (808) 600-9260, or email Richard@SovereignWealthFunds.com. Thank you.

Tell me your situation