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

Papua New Guinea Sovereign Wealth Fund

Papua New Guinea · Australia and Pacific · Founded 2012 · Proposed or pipeline fund · Not an IFSWF member

Legislated, not yet investingReport a correction
Focus

Papua New Guinea Sovereign Wealth Fund: what it invests in

Geography Global

Scale

Papua New Guinea Sovereign Wealth Fund: how big it is, and on what basis

Not disclosed
Fund market valueAs of
Transparency

Papua New Guinea Sovereign Wealth Fund: what it publishes

2.0 of 10 Band 1 of 5

Published 1 · Partly 2 · Not published 7

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

Original revenue shareS3
50%
As of
Proposed minimum shareS3
5% to 10%
As of
Stabilisation and savings splitS3
80/20
As of
Target launchS1
Before 2027 election
As of
Transparency scoreS1
2 of 10
As of

At a glance. Papua New Guinea's Sovereign Wealth Fund was created under the Constitution and an Organic Law, amended in 2015, to hold part of the country's mining and petroleum revenue in a stabilisation fund and a savings fund. It has never become operational. A technical committee finished a review in September 2026, and the responsible minister aims to have it running before the 2027 general election. S1 S3

Key points

  • Two parts: a Stabilisation Fund for revenue shortfalls and a Savings Fund for future generations. S3
  • The original law sent 50 percent of mining and petroleum tax revenue to the fund. S3
  • The review proposes a minimum 5 percent, rising to 10 percent when commodity prices are strong. S3
  • Deposits would split 80 percent to stabilisation and 20 percent to savings. S3
  • The review proposes adopting the Santiago Principles and disclosing each investment decision. S3

Interesting facts

  • Investments would be mainly offshore, with domestic deals only on strict commercial terms. S3
  • The Technical Working Committee was set up in October 2025. S3
  • State enterprise dividends and future asset sales could also feed the fund. S3

Mandate and goals

Protect a share of mineral and petroleum wealth through stabilisation and long-term savings. S1

  • Cover budget revenue shortfalls. S3
  • Save for future generations. S3
  • Invest mainly offshore under strong governance. S3

How it invests

Industries. Sector agnostic S3
Asset classesNot published S3
StagesNot published S3
GeographyGlobal. Mainly offshore; domestic deals only on strict commercial and governance terms S3
Direct / through funds / co-investNo / No / No S3
Ticket sizeNot operating S3
External managersNone yet S3
Co-investment programmeNone S3

Published criteria

  • Mainly offshore assets. S3
  • Domestic deals must meet strict commercial tests. S3

Past investments

The fund has not published a list of investments.

Investment process

The minister responsible and a Technical Working Committee are preparing amendments; no board exists yet. S1 S3

CommitteeRole
Technical Working CommitteeReviewed the Organic Law, chaired by Ian Tarutia S3
  1. Review completed in September 2026. S1
  2. Amendments to Parliament. S1
  3. Board and operations set up. S1

How to approach: No approach route until the fund operates. S1

Size and returns

  • Headline size: Not disclosed (Fund market value, as of 2026-09-17) S1
  • Returns: the fund does not publish a return figure.

Leadership

NameTitle
Joseph LelangMinister responsible for the Sovereign Wealth Fund S1
Ian TarutiaChair, Technical Working Committee and Chief Technical Adviser S3

Governance and transparency

  • Legal basis: Constitution and Organic Law on the Sovereign Wealth Fund, amended 2015 S1
  • Oversight: National Parliament and the responsible minister S1
  • Review recommends Santiago Principles and timely disclosure of board actions. S3

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

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

History

DateEvent
2012Organic Law enacted. S1
2015Organic Law amended. S1
2025-10Technical Working Committee set up. S3
2026-09-17Review reported complete. S1
2027Target to operate before the general election. S1

For family offices

Not investing yet; once running it would invest mostly offshore. S3

Common questions

Is the fund operating?

No; it is legislated but has not started. S1

How would it be funded?

A share of mining and petroleum revenue plus dividends and asset sales. S3

When might it start?

The minister aims for before the 2027 general election. S1

All sovereign wealth funds in Australia and Pacific · All proposed or pipeline funds · All funds in Papua New Guinea

Sources

  1. S1The National (PNG), Sovereign wealth fund review complete
  2. S2IFSWF, our members
  3. S3PNG Business News, interview with Ian Tarutia on the sovereign wealth 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