SovereignWealthFunds.comCore national funds
Tiers are how we sort the 231 entities on our list by what they are, not by size.
- Core national funds (78): national government funds investing for the long term.
- Sub-national funds (56): funds owned by states, provinces, regions and cities, 29 of them in the United States.
- Holding and development funds (67): state holding companies, strategic funds and development investors.
- Central bank reserve arms (5): long-term portfolios run inside a central bank or monetary authority.
- Pipeline (25): funds that are proposed, passed into law but not yet capitalised, or in set-up.
Tiers answer a common question: "how many sovereign wealth funds are there?" The honest answer is 78, 134, 206 or 231, depending on how many of these layers you count. Each tier page lists its funds with sources, and each profile explains why the fund sits in its tier.
Core national funds (78)
78 shown
| Fund | Country | Type | Size, as published | Transparency | Founded |
|---|---|---|---|---|---|
| Government Pension Fund Global (Norway) | Norway Europe | Savings and future generations fund | NOK 22,683B Fund market value, | 10.0 | 1990 |
| China Investment Corporation | China Asia | Reserve investment corporation | USD 1,567B Total assets (balance sheet), | 8.0 | 2007 |
| GIC Private Limited | Singapore Asia | Reserve investment corporation | About USD 1.16T Estimate Published estimate, | 7.0 | 1981 |
| Abu Dhabi Investment Authority (ADIA) | United Arab Emirates (Abu Dhabi) Middle East | Savings and future generations fund | About USD 1.1T Estimate Published estimate, | 5.5 | 1976 |
| Kuwait Investment Authority | Kuwait Middle East | Savings and future generations fund | About USD 1T Estimate Published estimate, | 3.5 | 1953 |
| 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 |
| Qatar Investment Authority (QIA) | Qatar Middle East | Savings and future generations fund | About USD 580B Estimate Published estimate, | 4.0 | 2005 |
| Mubadala Investment Company | United Arab Emirates (Abu Dhabi) Middle East | Strategic development fund | AED 1,414B Assets under management, | 9.0 | 2002 |
| 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 |
| Emirates Investment Authority (EIA) | United Arab Emirates Middle East | Savings and future generations fund | About USD 116B Estimate Published estimate, | 3.5 | 2007 |
| National Fund of the Republic of Kazakhstan | Kazakhstan Asia | Savings and future generations fund | USD 73.8B Fund market value, | 7.5 | 2000 |
| State Oil Fund of the Republic of Azerbaijan (SOFAZ) | Azerbaijan Asia | Savings and future generations fund | USD 72.6B Total assets (balance sheet), | 9.0 | 1999 |
| National Development Fund (Taiwan) | Taiwan Asia | Strategic development fund | NT$2,098.5B Total assets (balance sheet), | 8.0 | 2006 |
| Oman Investment Authority (OIA) | Oman Middle East | Strategic development fund | OMR 22.922B Total assets (balance sheet), | 7.5 | 2020 |
| New Zealand Superannuation Fund | New Zealand Australia and Pacific | Pension reserve fund | NZ$94.4B Fund market value, | 9.5 | 2001 |
| Libyan Investment Authority | Libya Africa | Savings and future generations fund | About USD 51.8B (direct portfolio incl. cash) Portfolio value, | 7.0 | 2006 |
| MGX | United Arab Emirates (Abu Dhabi) Middle East | Strategic development fund | USD 49B Committed or authorised capital, | 5.0 | 2024 |
| Hong Kong Future Fund | Hong Kong SAR, China Asia | Savings and future generations fund | HK$235.1B Fund market value, | 4.0 | 2016 |
| KENFO, Nuclear Waste Disposal Fund (Germany) | Germany Europe | Savings and future generations fund | EUR 25,577M Fund market value, | 10.0 | 2017 |
| Ireland Strategic Investment Fund (ISIF) | Ireland Europe | Strategic development fund | EUR 16.1B Net assets or equity, | 9.0 | 2014 |
| Timor-Leste Petroleum Fund | Timor-Leste Australia and Pacific | Savings and future generations fund | USD 18.61B Fund market value, | 10.0 | 2005 |
| Future Ireland Fund | Ireland Europe | Savings and future generations fund | EUR 12.7B Fund market value, | 8.5 | 2024 |
| Espana Crece (ICO programme) | Spain Europe | Strategic development fund | EUR 13.3B Committed or authorised capital, | 4.5 | 2026 |
| Pension Reserve Fund (Fondo de Reserva de Pensiones) | Chile Latin America and Caribbean | Pension reserve fund | USD 10.71B Fund market value, | 9.0 | 2006 |
| Russian Direct Investment Fund (RDIF) | Russia Europe | Fund of funds or co-investment platform | USD 10B Committed or authorised capital, | 3.0 | 2011 |
| Hong Kong Investment Corporation (HKIC) | Hong Kong SAR, China Asia | Strategic development fund | HK$62B Committed or authorised capital | 6.0 | 2022 |
| Budgetary Income Stabilization Fund | Mexico Latin America and Caribbean | Stabilisation fund | MXN 136.6B Fund market value, | 5.5 | 2000 |
| Constitutional Reserve Fund | Monaco Europe | Reserve investment corporation | EUR 7.28B Total assets (balance sheet), | 6.0 | 1962 |
| Indonesia Investment Authority | Indonesia Asia | Strategic development fund | Rp111.0tn Total assets (balance sheet), | 9.0 | 2021 |
| Heritage and Stabilisation Fund (Trinidad and Tobago) | Trinidad and Tobago Latin America and Caribbean | Stabilisation fund | USD 6.25B Net assets or equity, | 9.0 | 2007 |
| Kumpulan Wang Amanah Negara (National Trust Fund) | Malaysia Asia | Savings and future generations fund | RM22.43B (end 2024) Total assets (balance sheet) | 2.5 | 1988 |
| National Investment and Infrastructure Fund (NIIF), India | India Asia | Strategic development fund | USD 5B+ Committed or authorised capital, | 6.0 | 2015 |
| Infrastructure, Climate and Nature Fund | Ireland Europe | Stabilisation fund | About EUR 4.1B (end 2025) Fund market value, | 8.5 | 2024 |
| Fundo Soberano de Angola (FSDEA) | Angola Africa | Savings and future generations fund | USD 4.72B Total assets (balance sheet), | 7.5 | 2011 |
| Savings and Stabilization Fund (FAE), Colombia | Colombia Latin America and Caribbean | Stabilisation fund | USD 4,588.5M Total assets (balance sheet), | 5.5 | 2012 |
| Natural Resource Fund (Guyana) | Guyana Latin America and Caribbean | Savings and future generations fund | USD 4.29B Fund market value, | 8.5 | 2019 |
| Economic and Social Stabilization Fund (FEES), Chile | Chile Latin America and Caribbean | Stabilisation fund | USD 3,885.14M Fair value of state company holdings, | 9.0 | 2007 |
| Micronesia and Marshall Islands Trust Funds | Micronesia and Marshall Islands Australia and Pacific | Savings and future generations fund | USD 3.78B Net assets or equity, | 7.5 | 2004 |
| Nigeria Sovereign Investment Authority | Nigeria Africa | Strategic development fund | USD 3.40B NAV Net assets or equity, | 8.0 | 2011 |
| Fiscal Stabilization Fund of Peru | Peru Latin America and Caribbean | Stabilisation fund | USD 3,214.38M Fund market value, | 8.0 | 1999 |
| Fondo de Ahorro de Panama (Panama Savings Fund) | Panama Latin America and Caribbean | Savings and future generations fund | B/. 3,084.8M (USD 3.08B) Net assets or equity, | 9.5 | 2012 |
| Citizens Fund (Israel) | Israel Middle East | Savings and future generations fund | USD 2.79B Net assets or equity, | 9.5 | 2014 |
| Maharlika Investment Corporation (MIC) | Philippines Asia | Strategic development fund | PHP 128.23B Total assets (balance sheet), | 6.5 | 2023 |
| Chinggis Khaan Sovereign Wealth Fund (Mongolia) | Mongolia Asia | Savings and future generations fund | MNT 7.5T Fund market value, | 6.5 | 2025 |
| Fonds Gabonais d'Investissements Strategiques | Gabon Africa | Strategic development fund | About USD 1.9B Portfolio value, | 7.0 | 2012 |
| Ghana Petroleum Funds (Ghana Stabilisation Fund and Ghana Heritage Fund) | Ghana Africa | Stabilisation fund | USD 1.64B (30 June 2026) Fund market value, | 9.0 | 2011 |
| Revenue Equalization Reserve Fund | Kiribati Australia and Pacific | Savings and future generations fund | A$1.74B Fund market value, | 5.5 | 1956 |
| Mexican Petroleum Fund for Stabilization and Development | Mexico Latin America and Caribbean | Savings and future generations fund | USD 1,192.3M Fund market value, | 8.0 | 2013 |
| Bahrain Future Generations Reserve Fund | Bahrain Middle East | Savings and future generations fund | USD 1.11B Total assets (balance sheet), | 6.5 | 2006 |
| National Development and Social Fund (Malta) | Malta Europe | Strategic development fund | EUR 846.7M Net assets or equity, | 9.5 | 2015 |
| Luxembourg Intergenerational Sovereign Fund (FSIL) | Luxembourg Europe | Savings and future generations fund | EUR 784.3M (end 2025) Total assets (balance sheet) | 9.5 | 2014 |
| Agaciro Development Fund | Rwanda Africa | Strategic development fund | FRW 456B Assets under management | 7.0 | 2012 |
| Intergenerational Trust Fund for the People of the Republic of Nauru | Nauru Australia and Pacific | Savings and future generations fund | A$421.8M investments (30 June 2025) Portfolio value | 7.5 | 2015 |
| Tuvalu Trust Fund | Tuvalu Australia and Pacific | Savings and future generations fund | AUD 311.4M Fund market value, | 6.0 | 1987 |
| National Fund for Hydrocarbon Revenues (Mauritania) | Mauritania Africa | Stabilisation fund | USD 214.5M Total assets (balance sheet), | 6.5 | 2006 |
| Fundo Soberano de Mocambique (FSM) | Mozambique Africa | Savings and future generations fund | USD 144.4M Fund market value, | 7.5 | 2024 |
| Sovereign Private Investment Guarantee Fund of Cabo Verde | Cape Verde Africa | Strategic development fund | ECV 11.55B Total assets (balance sheet), | 8.0 | 2019 |
| Turks and Caicos National Wealth Fund | Turks and Caicos Islands Latin America and Caribbean | Savings and future generations fund | USD 98M Fund market value, | 3.0 | 2017 |
| Fund for Future Generations (Equatorial Guinea) | Equatorial Guinea Africa | Savings and future generations fund | FCFA 57B (USD 95.2M) Estimate Published estimate, | 1.0 | 2002 |
| Petroleum Revenue Investment Reserve (Uganda) | Uganda Africa | Savings and future generations fund | UGX 212.6B Fund market value, | 4.0 | 2015 |
| Welwitschia Fund (Sovereign Wealth Fund for Namibia) | Namibia Africa | Savings and future generations fund | N$508.47M (31 July 2026) Fund market value, | 5.5 | 2022 |
| Macroeconomic Stabilization Fund of Venezuela | Venezuela Latin America and Caribbean | Stabilisation fund | USD 3M Total assets (balance sheet), | 3.5 | 1998 |
| Bhutan Economic Stabilization Fund (BESF) | Bhutan Asia | Stabilisation fund | Nu 167M Fund market value, | 1.5 | 2018 |
| Congo Budget Revenue Stabilization Fund | Republic of the Congo Africa | Stabilisation fund | FCFA 1,131M (about USD 2.0M) Total assets (balance sheet), | 1.0 | |
| Brunei Investment Agency (BIA) | Brunei Darussalam Asia | Savings and future generations fund | Not disclosed Estimate Published estimate, | 1.5 | 1983 |
| Fonds Souverain d'Investissements Strategiques | Senegal Africa | Strategic development fund | Not disclosed Estimate Published estimate, | 5.5 | 2012 |
| Mongolia Fiscal Stability Fund | Mongolia Asia | Stabilisation fund | Not published Fund market value | 2.0 | 2010 |
| Nauru Phosphate Royalties Trust Dormant | Nauru Australia and Pacific | Savings and future generations fund | Not published Fund market value, | 1.0 | 1968 |
| Pakistan Sovereign Wealth Fund Legislated, not yet investing | Pakistan Asia | State holding company | Not operating Announced target, not current assets, | 2.0 | 2023 |
| Revenue Regulation Fund (Algeria) | Algeria Africa | Stabilisation fund | DZD 0.01 Fund market value, | 3.5 | 2000 |
| Sharjah Asset Management | United Arab Emirates (Emirate of Sharjah) Middle East | Strategic development fund | Not published Total assets (balance sheet) | 3.0 | 2008 |
| Stabilization Fund of Turkmenistan | Turkmenistan Asia | Stabilisation fund | Not disclosed Estimate Published estimate, | 1.0 | 2008 |
| Taiwan National Stabilization Fund | Taiwan Asia | Stabilisation fund | NT$500B funding ceiling Committed or authorised capital, | 5.0 | 2000 |
| The Sovereign Fund of Egypt | Egypt Middle East | Strategic development fund | Not disclosed Estimate Published estimate | 4.0 | 2018 |
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.
