Sovereign wealth funds by size
Our size pages group funds into four bands: over US$100bn, US$10bn to US$100bn, US$1bn to US$10bn, and under US$1bn. Of the 166 operating funds that have a comparable size figure, 28 sit in the top band, 49 in the second, 56 in the third and 33 in the smallest, using the headline figure shown in each profile.
Please read these bands with care. A fund's band depends on the figure we show, and figures come from different sources: 134 entities have a figure from the fund's own reports or audited accounts, and 33 have a press report or an estimate. Another 64 have no comparable figure. Some figures are portfolio values, some are group balance sheets, and some are converted from local currency on a stated date.
That is why every row shows its basis and date, and why we never publish a total for a band. If a fund sits near the line between two bands, a different source could move it.
Under USD 1 billion 35
- National Development and Social Fund (Malta)
- Palestine Investment Fund P.L.C.
- Luxembourg Intergenerational Sovereign Fund (FSIL)
- Alaska Mental Health Trust Authority Trust Fund
- Michigan Natural Resources Trust Fund
- Native Hawaiian Trust Fund (Office of Hawaiian Affairs)
- Fundo Soberano do Estado do Espirito Santo (FUNSES)
- Ghana Infrastructure Investment Fund
- Ontario First Nations Sovereign Wealth Fund
- Marica Sovereign Fund
- Agaciro Development Fund
- Fundo Soberano do Estado do Rio de Janeiro
- Dakota Cement Trust (South Dakota)
- Indiana Common School Fund
- Wafra
- Fundo de Equalizacao da Receita de Niteroi
- Washington Permanent Common School Fund
- Eswatini Sovereign Wealth Fund
- Intergenerational Trust Fund for the People of the Republic of Nauru
- Tuvalu Trust Fund
- National Fund for Hydrocarbon Revenues (Mauritania)
- JSC Development Fund of Georgia (DFG)
- Fundo Soberano de Mocambique (FSM)
- Sovereign Private Investment Guarantee Fund of Cabo Verde
- Turks and Caicos National Wealth Fund
- Fund for Future Generations (Equatorial Guinea)
- Tanzania Oil and Gas Fund (Natural Gas Revenue Fund)
- Petroleum Revenue Investment Reserve (Uganda)
- Malta Government Investments
- Northwest Territories Heritage Fund
- Welwitschia Fund (Sovereign Wealth Fund for Namibia)
- Kahnawake Sovereign Wealth Fund
- Macroeconomic Stabilization Fund of Venezuela
- Bhutan Economic Stabilization Fund (BESF)
- Congo Budget Revenue Stabilization Fund
USD 1 to 10 billion 62
- British International Investment (BII)
- North Dakota Common Schools Trust Fund
- British Business Bank
- Hong Kong Investment Corporation (HKIC)
- Budgetary Income Stabilization Fund
- Constitutional Reserve Fund
- COFIDES (Spanish Development Finance Company)
- Indonesia Investment Authority
- Wyoming Common School Permanent Land Fund
- Heritage and Stabilisation Fund (Trinidad and Tobago)
- Wallonie Entreprendre
- Kumpulan Wang Amanah Negara (National Trust Fund)
- National Investment and Infrastructure Fund (NIIF), India
- Awqaf and Islamic Affairs Fund (Kuwait)
- Infrastructure, Climate and Nature Fund
- Fundo Soberano de Angola (FSDEA)
- Savings and Stabilization Fund (FAE), Colombia
- Druk Holding and Investments
- Natural Resource Fund (Guyana)
- Caisse des Depots et Consignations Tunisia
- Alabama Trust Fund
- Utah School and Institutional Trust Funds Office (SITFO)
- Royal Bafokeng Holdings
- Economic and Social Stabilization Fund (FEES), Chile
- Micronesia and Marshall Islands Trust Funds
- Tesi (Finnish Industry Investment Ltd)
- Investissement Québec
- Idaho Endowment Fund Investment Board (EFIB)
- Gulf Investment Corporation (GIC), Kuwait
- National Investment Corporation of the National Bank of Kazakhstan
- Nigeria Sovereign Investment Authority
- Armed Forces Fund Board
- Fiscal Stabilization Fund of Peru
- Fondo de Ahorro de Panama (Panama Savings Fund)
- Oklahoma Commissioners of the Land Office
- Oregon Common School Fund
- Citizens Fund (Israel)
- State Capital Investment Corporation
- Minnesota Permanent School Fund
- Maharlika Investment Corporation (MIC)
- Chinggis Khaan Sovereign Wealth Fund (Mongolia)
- Sarawak Sovereign Wealth Future Fund
- Pula Fund (Botswana, Bank of Botswana)
- Fonds Gabonais d'Investissements Strategiques
- Colorado Public School Fund Investment Board
- Deposit and Consignment Fund of Benin
- Louisiana Education Quality Trust Fund (8(g))
- Oklahoma Tobacco Settlement Endowment Trust
- Ghana Petroleum Funds (Ghana Stabilisation Fund and Ghana Heritage Fund)
- Wisconsin Board of Commissioners of Public Lands (Common School Fund)
- Mohammed VI Investment Fund (FM6I)
- Nunavut Trust
- Montana Coal Severance Tax Trust Fund
- Mauritius Investment Corporation Ltd (MIC)
- Western Australian Future Fund
- Fund for the Productive Industrial Revolution (FINPRO)
- Revenue Equalization Reserve Fund
- Mexican Petroleum Fund for Stabilization and Development
- North Dakota Strategic Investment and Improvements Fund (SIIF)
- Bahrain Future Generations Reserve Fund
- Nebraska Permanent School Fund (Board of Educational Lands and Funds)
- National Made in Italy Fund (FNMI)
USD 10 to 100 billion 56
- Alaska Permanent Fund
- Permodalan Nasional Berhad (PNB)
- Samruk-Kazyna JSC
- Queensland Investment Corporation
- Dubai Investment Fund
- NSW Treasury Corporation (TCorp)
- New Mexico State Investment Council (SIC)
- National Fund of the Republic of Kazakhstan
- State Oil Fund of the Republic of Azerbaijan (SOFAZ)
- National Development Fund (Taiwan)
- Victorian Funds Management Corporation (VFMC)
- Texas Permanent School Fund
- Oman Investment Authority (OIA)
- New Zealand Superannuation Fund
- Libyan Investment Authority
- MGX
- Ethiopian Investment Holdings
- Folketrygdfondet (Government Pension Fund Norway)
- Texas Permanent University Fund (PUF)
- Khazanah Nasional Berhad
- Baiterek National Investment Holding
- National Wealth Fund
- Oesterreichische Beteiligungs AG (OBAG)
- Hong Kong Future Fund
- KENFO, Nuclear Waste Disposal Fund (Germany)
- Texas Economic Stabilization Fund (Rainy Day Fund)
- Beijing State-owned Assets Management Co., Ltd.
- U.S. International Development Finance Corporation
- Alberta Heritage Savings Trust Fund
- Crown Investments Corporation of Saskatchewan (CIC)
- Mumtalakat Holding Company
- Ireland Strategic Investment Fund (ISIF)
- Timor-Leste Petroleum Fund
- Sociedad Estatal de Participaciones Industriales
- Japan Investment Corporation (JIC)
- Mutapa Investment Fund (Zimbabwe)
- Slovenian Sovereign Holding
- North Dakota Legacy Fund
- Future Ireland Fund
- Espana Crece (ICO programme)
- CDP Equity S.p.A.
- Polish Development Fund (PFR)
- Federal Holding and Investment Company (SFPIM / FPIM), Belgium
- Permanent Wyoming Mineral Trust Fund
- Growthfund (Hellenic Corporation of Assets and Participations S.A.)
- Parpublica (Portugal)
- NSW Generations Fund
- Export and Investment Fund of Denmark (EIFO)
- Quebec Generations Fund
- Tamilnadu Industrial Development Corporation Ltd (TIDCO)
- Arizona Permanent Land Endowment Trust Fund
- CNIC Corporation Limited
- Pension Reserve Fund (Fondo de Reserva de Pensiones)
- Solidium Oy
- China-Africa Development Fund (CADFund)
- Russian Direct Investment Fund (RDIF)
USD 100 billion to 1 trillion 22
- Public Investment Fund (PIF)
- Danantara Indonesia
- Canada Pension Plan Investment Board
- Qatar Investment Authority (QIA)
- Hong Kong Monetary Authority Exchange Fund
- National Council for Social Security Fund (NSSF)
- SAMA Foreign Holdings
- Investment Corporation of Dubai (ICD)
- Turkiye Wealth Fund (TWF)
- Temasek Holdings
- Mubadala Investment Company
- ADQ and L'IMAD Holding
- Korea Investment Corporation
- Future Fund (Australia)
- National Development Fund of Iran (NDFI)
- National Wealth Fund of the Russian Federation
- XRG, ADNOC international investment company (Abu Dhabi)
- Dubai Holding
- Bpifrance
- Emirates Investment Authority (EIA)
- Lunate
- National Development Fund (NDF)
Over USD 1 trillion 7
No size in US dollars 49
- Abu Dhabi Fund for Development
- Azerbaijan Investment Holding
- Bangladesh National Citizen Wealth Fund (proposed)
- Bayelsa State Development and Investment Corporation
- Botswana Sovereign Wealth Fund (BSWF)
- Brunei Investment Agency (BIA)
- Canada Strong Fund
- Ciyada Development Fund
- Cyprus National Investment Fund
- Dubai World
- EDGE Group
- Ekiti State Wealth Fund
- Fonds Souverain d'Investissements Strategiques
- Fonds Souverain de Guinee (proposed)
- Forum of Brazilian Sovereign Funds (FFSB)
- Fujairah Holding
- Fund for Reconstruction and Development of the Republic of Uzbekistan
- Ilhabela Sovereign Fund
- Ithmar Capital
- Japan Sovereign Wealth Fund (proposed)
- Jordan Public Investment Fund (proposed)
- Kenya Sovereign Wealth Fund
- Lagos State Wealth Fund
- Lebanese Sovereign Wealth Fund
- Little Red River Cree Nation Sovereign Wealth Fund
- Minerals Income Investment Fund (MIIF)
- Mongolia Fiscal Stability Fund
- National Investment Fund (The Bahamas)
- National Security Strategic Investment Fund
- Nauru Phosphate Royalties Trust
- Pakistan Sovereign Wealth Fund
- Papua New Guinea Sovereign Wealth Fund
- Revenue Regulation Fund (Algeria)
- Saint Kitts and Nevis Sovereign Wealth and Resilience Fund
- Saskatchewan Sovereign Fund (proposed)
- Saudi Technology Development and Investment Company (TAQNIA)
- Savings and Stabilisation Fund Suriname
- Sentosa Development Corporation
- Sharjah Asset Management
- South Africa Sovereign Wealth Fund (proposed)
- South Sudan Oil Revenue Stabilization Fund
- Sovereign Fund of the Republic of Kosovo
- Stabilization Fund of Turkmenistan
- Taiwan National Stabilization Fund
- Taiwan Sovereign Wealth Fund (proposed)
- Tanzania Minerals Sovereign Wealth Fund (announced)
- The Sovereign Fund of Egypt
- United States Sovereign Wealth Fund (proposed)
- Zambia Sovereign Wealth Fund (proposed)
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.
