SovereignWealthFunds.comHow Sovereign Wealth Funds Invest by Industry: The Top Sectors Compared
At a glance
- Where sovereign wealth funds put money, sector by sector, from the deals in our fund profiles.
- 1,163 deals, 161 funds, 10 sector pages.
- Each sector page lists the most active funds, biggest deals, structures, regions, short case studies and what it means if you are raising.
Key findings
- Our profile tables list 1,163 deals. The top three sectors by count are Technology and AI (129), Financial Services (127) and Energy and Renewables (126).
- The 10 sectors with the most deals and case studies in our tables get their own page.
- 172 commitments to funds or programmes that invest across several sectors are tagged multi-sector and left out of the sector pages.
- Direct share is highest in Transport and Logistics (69%) and lowest in Real Estate (41%).
- Every deal in our tables carries a sector tag.
Sectors compared
| Sector | Deals | Funds active | Funds naming it a focus | Direct | Fund commitments | Median deal (USD approx) |
|---|---|---|---|---|---|---|
| Technology and AI | 129 | 56 | 84 | 50% | 26% | USD 78M |
| Financial Services | 127 | 63 | 118 | 67% | 0% | USD 800M |
| Energy and Renewables | 126 | 73 | 99 | 47% | 7% | USD 325M |
| Real Estate | 102 | 62 | 94 | 41% | 19% | USD 500M |
| Infrastructure and Utilities | 99 | 58 | 103 | 42% | 20% | USD 507M |
| Industrials and Manufacturing | 90 | 51 | 74 | 53% | 3% | USD 208M |
| Transport and Logistics | 78 | 47 | 60 | 69% | 1% | USD 108M |
| Healthcare and Life Sciences | 62 | 43 | 61 | 52% | 6% | USD 115M |
| Tourism and Hospitality | 38 | 23 | 29 | 47% | 3% | USD 209M |
| Agriculture and Food | 35 | 28 | 53 | 66% | 3% | USD 1.8B |
| Mining and Critical Minerals | 34 | 24 | 34 | 62% | 3% | USD 146M |
| Telecoms and Media | 34 | 27 | 36 | 62% | 0% | USD 1.8B |
| Consumer and Retail | 18 | 15 | 21 | 67% | 6% | USD 1.5B |
| Sports and Entertainment | 13 | 7 | 9 | 69% | 8% | USD 29.2B |
Sector mix by fund home region
| Region | Financial Services | Energy | Technology | Infrastructure | Real Estate | Industrials | Transport |
|---|---|---|---|---|---|---|---|
| Middle East | 35 | 25 | 28 | 31 | 21 | 27 | 18 |
| Asia | 40 | 27 | 30 | 24 | 27 | 28 | 21 |
| Europe | 24 | 37 | 42 | 15 | 18 | 25 | 22 |
| North America | 6 | 15 | 10 | 17 | 18 | 5 | 4 |
| Latin America | 2 | 1 | 5 | 1 | 1 | 1 | 1 |
| Africa | 19 | 14 | 8 | 7 | 11 | 4 | 8 |
| Australia and Pacific | 1 | 7 | 6 | 4 | 6 | 0 | 4 |
Funds active across the most sectors
| Fund | Deals | Sectors | Top sectors |
|---|---|---|---|
| Mubadala | 15 | 11 | Financial services, Infrastructure and utilities, Technology |
| ICD | 14 | 9 | Industrials and manufacturing, Financial services, Transport and logistics |
| PIF | 14 | 9 | Sports, entertainment and gaming, Technology, Industrials and manufacturing |
| PNB | 13 | 9 | Real estate, Financial services, Industrials and manufacturing |
| ADQ | 13 | 8 | Transport and logistics, Real estate, Agriculture and food security |
| CDP Equity | 11 | 8 | Telecoms and media, Technology, Financial services |
| OBAG | 11 | 8 | Energy, Telecoms and media, Renewables and climate |
| NSIA | 10 | 8 | Renewables and climate, Financial services, Technology |
| OIA | 10 | 8 | Technology, Multi-sector, Industrials and manufacturing |
| Danantara | 8 | 8 | Financial services, Agriculture and food security, Multi-sector |
The sector pages
- Financial Services: 127 deals
- Energy and Renewables: 126 deals
- Technology and AI: 129 deals
- Infrastructure and Utilities: 99 deals
- Real Estate: 102 deals
- Industrials and Manufacturing: 90 deals
- Transport and Logistics: 78 deals
- Healthcare and Life Sciences: 62 deals
- Mining and Critical Minerals: 34 deals
- Tourism and Hospitality: 38 deals
How to use these pages
- Start with the most active funds table on your sector page. Those funds have done it before and have a team for it.
- Check the structure mix. If most deals are direct, a fund commitment pitch will struggle; if fund commitments are common, managers have a path.
- Then open each fund profile for mandate, ticket size and how to approach.
Data notes: Counts come from the investment, case study and size tables in our fund profiles. They cover the deals each profile lists, not every deal a fund has done, so read them as a guide, not a full census. USD figures marked approx are either stated in USD in the profile or converted at the exchange rate implied by a fund profile headline in the same currency. Amounts are as the profile states them, so some are the full deal size and some are the fund's own ticket.
Sources
Every figure on this page comes from the fund profiles linked in the tables. Source ids such as S3 refer to the numbered sources on each fund's own profile page, where the original document is listed with its date.
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.
