Gulf sovereign wealth funds

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Gulf sovereign


Gulf sovereign wealth funds are expected to become more active and play an even bigger role in global markets this year as they receive large capital injections derived from higher oil revenue, an annual industry report has revealed. 

Singapore's GIC led the top 10 list of state-owned investors, with $40.3 billion invested in 2022, 17 per cent more than in 2021.

It was followed by the Abu Dhabi Investment Authority and Saudi Arabia's Public Investment Fund.

Also in the top 10 were Abu Dhabi's Mubadala Investment Company and holding company ADQ, followed by the Qatar Investment Authority.

In 2023 and beyond, Middle Eastern sovereign investors will probably continue to be “very active” in Europe and North America, where there will be many opportunities to buy listed equities or direct stakes, to pursue co-investments or buy into private equity firms, and to find distressed portfolios, the report said. 

The value of assets managed by sovereign wealth funds fell to $10.6 trillion in 2022, from $11.5 trillion in 2021, while those managed by public pension funds dropped to $20.8 trillion, from $22.1 trillion, Global SWF said.

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