SovereignWealthFunds.comProposed or not yet operatings
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.
Proposed or not yet operatings (25)
25 shown
| Fund | Country | Type | Size, as published | Transparency | Founded |
|---|---|---|---|---|---|
| Eswatini Sovereign Wealth Fund Announced | Eswatini Africa | Proposed or pipeline fund | E5B planned (about USD 275M) Announced target, not current assets, | 0.0 | |
| Tanzania Oil and Gas Fund (Natural Gas Revenue Fund) Legislated, not yet investing | Tanzania Africa | Proposed or pipeline fund | TZS 190.94B Fund market value, | 2.5 | 2015 |
| Bangladesh National Citizen Wealth Fund (proposed) Proposed | Bangladesh Asia | Proposed or pipeline fund | Not created Announced target, not current assets, | 0.0 | |
| Botswana Sovereign Wealth Fund (BSWF) Legislated, not yet investing | Botswana Africa | Proposed or pipeline fund | Not yet capitalised Committed or authorised capital, | 2.0 | 2025 |
| Canada Strong Fund Announced | Canada North America | Proposed or pipeline fund | C$25B announced Announced target, not current assets, | 1.0 | |
| Ciyada Development Fund Proposed | Kuwait Middle East | Proposed or pipeline fund | Not disclosed Announced target, not current assets | 0.0 | |
| Cyprus National Investment Fund Legislated, not yet investing | Cyprus Europe | Proposed or pipeline fund | Not disclosed Fund market value | 1.5 | 2019 |
| Fonds Souverain de Guinee (proposed) Proposed | Guinea Africa | Proposed or pipeline fund | Not yet capitalised Announced target, not current assets, | 1.5 | |
| Japan Sovereign Wealth Fund (proposed) Proposed | Japan Asia | Proposed or pipeline fund | Not established Estimate Published estimate, | 0.5 | |
| Jordan Public Investment Fund (proposed) Proposed | Jordan Middle East | Proposed or pipeline fund | No assets Fund market value, | 0.0 | |
| Kenya Sovereign Wealth Fund Legislated, not yet investing | Kenya Africa | Proposed or pipeline fund | Not disclosed Fund market value, | 1.5 | 2026 |
| Lagos State Wealth Fund Proposed | Nigeria (Lagos State) Africa | Proposed or pipeline fund | Not created Announced target, not current assets, | 0.0 | |
| Lebanese Sovereign Wealth Fund Legislated, not yet investing | Lebanon Middle East | Proposed or pipeline fund | No assets yet Fund market value, | 1.0 | 2023 |
| National Investment Fund (The Bahamas) Legislated, not yet investing | The Bahamas Latin America and Caribbean | Proposed or pipeline fund | Not disclosed Fund market value, | 2.0 | 2022 |
| Papua New Guinea Sovereign Wealth Fund Legislated, not yet investing | Papua New Guinea Australia and Pacific | Proposed or pipeline fund | Not disclosed Fund market value, | 2.0 | 2012 |
| Saint Kitts and Nevis Sovereign Wealth and Resilience Fund Legislated, not yet investing | Saint Kitts and Nevis Latin America and Caribbean | Proposed or pipeline fund | No assets yet Fund market value, | 2.0 | |
| Saskatchewan Sovereign Fund (proposed) Proposed | Canada (Saskatchewan) North America | Proposed or pipeline fund | No assets Announced target, not current assets, | 0.0 | |
| Savings and Stabilisation Fund Suriname Legislated, not yet investing | Suriname Latin America and Caribbean | Proposed or pipeline fund | Not yet funded Fund market value, | 1.5 | 2024 |
| South Africa Sovereign Wealth Fund (proposed) Proposed | South Africa Africa | Proposed or pipeline fund | Not established Estimate Published estimate, | 0.0 | |
| South Sudan Oil Revenue Stabilization Fund Legislated, not yet investing | South Sudan Africa | Proposed or pipeline fund | Not disclosed Fund market value | 1.0 | 2013 |
| Sovereign Fund of the Republic of Kosovo Legislated, not yet investing | Kosovo Europe | Proposed or pipeline fund | Not operating Announced target, not current assets, | 0.5 | |
| Taiwan Sovereign Wealth Fund (proposed) Announced | Taiwan Asia | Proposed or pipeline fund | No assets Announced target, not current assets | 0.0 | |
| Tanzania Minerals Sovereign Wealth Fund (announced) Announced | Tanzania Africa | Proposed or pipeline fund | No assets Announced target, not current assets, | 0.0 | |
| United States Sovereign Wealth Fund (proposed) Proposed | United States North America | Proposed or pipeline fund | Not created Announced target, not current assets, | 0.5 | |
| Zambia Sovereign Wealth Fund (proposed) Announced | Zambia Africa | Proposed or pipeline fund | No assets Announced target, not current assets, | 0.0 |
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.
