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Sovereign Fund of the Republic of Kosovo

Fondi Sovran i Republikës së Kosovës · Kosovo · Europe · Proposed or pipeline fund · Not an IFSWF member

Legislated, not yet investingReport a correction
Focus

Sovereign Fund of the Republic of Kosovo: what it invests in

Infrastructure and utilitiesTelecoms and mediaMining and metalsTransport and logistics
Private equity

Geography Mainly domestic

Scale

Sovereign Fund of the Republic of Kosovo: how big it is, and on what basis

Not operating
Announced target, not current assetsAs of
Transparency

Sovereign Fund of the Republic of Kosovo: what it publishes

0.5 of 10 Band 1 of 5

Published 0 · Partly 1 · Not published 9

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

Law adoptedS1
15 Dec 2023 (Not in force)
As of
Planned capitalS3
EUR 20M (From the government)
As of
Enterprises namedS3
6 (In the law scope)
As of
StatusS4
Court review (Since 26 Dec 2023)
As of

At a glance. Kosovo's Sovereign Fund is a planned state holding and development fund that would oversee strategic public enterprises such as KEK, Kosovo Telecom and Trepca. The Assembly adopted the law in December 2023, but it has not entered into force while the Constitutional Court reviews it. The law sets basic capital of EUR 20 million. S3 S1 S4

Key points

  • The Assembly adopted the Law on the Sovereign Fund on 15 December 2023. S1
  • The Constitutional Court has had the law under review since 26 December 2023. S4
  • The fund would manage strategic state-owned enterprises including KEK, Kosovo Telecom, Post of Kosovo, Trepca, Trainkos and Infrakos. S3
  • The law provides EUR 20 million of basic capital, about USD 22.9 million, from the government. S3
  • A Supervisory Board would govern it in line with the Santiago Principles. S3

Interesting facts

  • The 2026 State Department review records no active sovereign funds in Kosovo. S3
  • A Ministry of Economy concept note proposes a public enterprises law aligned with the fund. S4
  • The bill text was first published by the Prime Minister's office in June 2023. S5

Mandate and goals

Under the bill the fund would be Kosovo's investment and development institution, holding and overseeing strategic state enterprises. S3

  • Manage strategic public enterprises under one holding. S3
  • Apply international corporate governance standards to state companies. S3

How it invests

IndustriesInfrastructure and utilities, Telecoms and media, Mining and metals, Transport and logistics S3
Asset classesPrivate equity S3
StagesBuyout S3
GeographyMainly domestic. Kosovo state enterprises S3
Direct / through funds / co-investYes / No / No S3
Ticket sizeNot operating S3
External managersNot described S3
Co-investment programmeNone S3

Past investments

The fund has not published a list of investments.

Investment process

A Supervisory Board would govern the fund once the law takes effect. S3

  1. Law adopted by the Assembly. S1
  2. Constitutional Court review. S4
  3. Entry into force and board appointment. S3

How to approach: No approach route while the fund is not operating. S3

Size and returns

  • Headline size: Not operating (Announced target, not current assets, as of 2026-09-01) S3
  • Planned basic capital: EUR 20M (about USD 22.9M) (Announced target, not current assets, as of 2026-09-01) S3
  • Returns: the fund does not publish a return figure.

Leadership

The fund does not publish named leaders.

Governance and transparency

  • Legal basis: Law on the Sovereign Fund of the Republic of Kosovo, adopted 15 December 2023, not in force S1
  • Oversight: Assembly of Kosovo; Constitutional Court review pending S4 S6
  • Auditor: Not yet applicable S3
  • Not an IFSWF member. S2

Transparency score: 0.5 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

  • Partly published: governance and mandate documents. S5
  • Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, named leadership, regular reporting schedule. S3

History

DateEvent
2023-06Bill published by the Prime Minister's office. S5
2023-12-15Assembly adopts the law. S1
2023-12-26Law referred to the Constitutional Court. S4
2026-02Ministry of Economy concept note on a linked public enterprises law. S4

For family offices

Not operating; no investor programme is described. S3

Reports

Common questions

Is the fund operating?

No. The law was adopted in 2023 but has not entered into force. S3

What would it hold?

Strategic state enterprises such as KEK, Kosovo Telecom, Post of Kosovo and Trepca. S3

How much capital is planned?

EUR 20 million of basic capital from the government. S3

All sovereign wealth funds in Europe · All proposed or pipeline funds · All funds in Kosovo

Sources

  1. S1Dukagjini, Sovereign Fund still at the Constitutional Court
  2. S2IFSWF, members list
  3. S3US Department of State, 2026 Investment Climate Statement: Kosovo
  4. S4Zeri, Ministry of Economy plans new public enterprises law linked to the Sovereign Fund
  5. S5Office of the Prime Minister, bill on the Sovereign Fund
  6. S6Realiteti, Sovereign Fund at the Constitutional Court

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.

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