Sovereign wealth funds: USD 100 billion to 1 trillion
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.
USD 100 billion to 1 trillion (22)
| Fund | Country | Type | Size, as published | Transparency | Founded |
|---|---|---|---|---|---|
| Public Investment Fund (PIF) | Saudi Arabia Middle East | Strategic development fund | SAR 3,396B Assets under management, | 8.0 | 1971 |
| Danantara Indonesia | Indonesia Asia | State holding company | About USD 900B to USD 1T (unaudited) Estimate Published estimate, | 4.0 | 2025 |
| Canada Pension Plan Investment Board | Canada North America | Pension reserve fund | C$863.6B Net assets or equity, | 10.0 | 1997 |
| Qatar Investment Authority (QIA) | Qatar Middle East | Savings and future generations fund | About USD 580B Estimate Published estimate, | 4.0 | 2005 |
| Hong Kong Monetary Authority Exchange Fund | Hong Kong SAR, China Asia | Reserve investment corporation | HKD 4,463.6B Total assets (balance sheet), | 8.0 | 1935 |
| National Council for Social Security Fund (NSSF) | China Asia | Pension reserve fund | RMB 3,808B Total assets (balance sheet), | 8.0 | 2000 |
| SAMA Foreign Holdings | Saudi Arabia Middle East | Reserve investment corporation | SAR 1,827B Total assets (balance sheet) | 5.5 | 1952 |
| Investment Corporation of Dubai (ICD) | United Arab Emirates (Dubai) Middle East | State holding company | AED 1,680B Total assets (balance sheet), | 8.0 | 2006 |
| Turkiye Wealth Fund (TWF) | Turkiye Europe | State holding company | TRY 18,997B Total assets (balance sheet), | 7.0 | 2016 |
| Temasek Holdings | Singapore Asia | State holding company | S$518B Portfolio value, | 10.0 | 1974 |
| Mubadala Investment Company | United Arab Emirates (Abu Dhabi) Middle East | Strategic development fund | AED 1,414B Assets under management, | 9.0 | 2002 |
| ADQ and L'IMAD Holding | United Arab Emirates (Abu Dhabi) Middle East | State holding company | AED 996.8B Total assets (balance sheet), | 7.0 | 2018 |
| Korea Investment Corporation | South Korea Asia | Reserve investment corporation | USD 232.0B Assets under management, | 8.5 | 2005 |
| Future Fund (Australia) | Australia Australia and Pacific | Pension reserve fund | A$289.7B Net assets or equity, | 9.0 | 2006 |
| National Development Fund of Iran (NDFI) | Iran Middle East | Strategic development fund | About USD 195B (stated, unaudited) Total assets (balance sheet), | 3.5 | 2011 |
| National Wealth Fund of the Russian Federation | Russia Europe | Stabilisation fund | RUB 13,194.9B Fund market value, | 8.5 | 2008 |
| XRG, ADNOC international investment company (Abu Dhabi) | United Arab Emirates (Abu Dhabi) Middle East | Strategic development fund | USD 150B+ Estimate Published estimate | 4.0 | 2024 |
| Dubai Holding | United Arab Emirates (Dubai) Middle East | State holding company | AED 500B Assets under management | 4.5 | 2004 |
| Bpifrance | France Europe | Strategic development fund | EUR 106.3B Total assets (balance sheet), | 9.0 | 2012 |
| Emirates Investment Authority (EIA) | United Arab Emirates Middle East | Savings and future generations fund | About USD 116B Estimate Published estimate, | 3.5 | 2007 |
| Lunate | United Arab Emirates (Abu Dhabi) Middle East | Fund of funds or co-investment platform | More than USD 115B Assets under management, | 4.0 | 2023 |
| National Development Fund (NDF) | Saudi Arabia Middle East | Strategic development fund | About SAR 430B Committed or authorised capital, | 4.0 | 2017 |
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.
