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NBIM passes US$2trn with a stock-led quarter and a clearer map for transition investments

30th October, 2025

Norges Bank Investment Management (NBIM) delivered a 5.8% return in the third quarter of 2025, with equities up 7.7%, fixed income up 1.4%, unlisted real estate up 1.1%, and unlisted renewables up 0.3%.

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GIC Tests the Secondaries Market with a US$1bn LP-Stakes Sale

29th October, 2025

Singapore’s GIC is exploring the sale of around US$1 billion of private-equity fund interests, a move that aligns with how the sovereign wealth fund has used the secondaries market over the past few years to fine-tune exposure and recycle capital.

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Kuwait’s KIA Is Poised to Hand Goldman a Big Test

28th October, 2025

Goldman Sachs is in talks to manage as much as US$10 billion for the Kuwait Investment Authority (KIA), channelling capital over several years into private equity, private credit and infrastructure funds.

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Mubadala in Brazil: Taking Control and Scaling Up

27th October, 2025

Mubadala has turned Brazil into a multi-platform focus of investment with a strategy that seeks to rebuild distressed assets, lower financing costs and back large-scale decarbonisation. The past year brought hard evidence across roads, restaurants, exchanges, biofuels, higher education - and a potential move into aluminium.

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SOFAZ’s Record Year Comes With a Caveat: Gold Concentration is Key Risk

24th October, 2025

Azerbaijan’s State Oil Fund (SOFAZ) has powered through 2025 with the strongest balance-sheet expansion in its history, but the very engines of that growth – notably its high concentration in gold – also sharpen the downside if conditions turn.

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ADIA and GIC’s Hologic Take-Private Deal Demonstrates Sovereign Alliance Theme

23rd October, 2025

Blackstone and TPG’s US$18.3 billion take-private of Hologic - backed by “significant” minority cheques from Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC – underlines the trend towards repeat, programmatic co-investment by sovereign funds alongside tier-one sponsors, delivering cheaper, faster equity and the follow-on capacity needed for platform growth.

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AustralianSuper joins the rush for UK “living” assets

22nd October, 2025

AustralianSuper, Australia’s largest pension fund, has launched a new UK Living Platform with an initial GBP500 million commitment, adding to around GBP14 billion of commitments by global state-owned investors to the UK's housing market in the past seven years.

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Saudi Infra, Global Money: Inside the $11bn Leaseback That Lures Sovereign Investors

21st October, 2025

Saudi Aramco’s latest monetisation of its vast Jafurah gas project has pulled in US$11 billion of fresh capital and given sovereign wealth and public pension funds another large, durable way to put money to work in the Gulf without taking a direct bet on commodity prices.

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India's US$50bn Bharat Sovereign Wealth Fund: The Right Model, The Real Risks

20th October, 2025

India is weighing a new state investment vehicle - the tentatively titled Bharat Sovereign Wealth Fund (BSWF) - with a mooted starting corpus of about US$50 billion.

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Nigeria’s Oyo and Lagos States Inch Towards Sub-National SWF Revolution

17th October, 2025

The Nigerian states of Oyo and Lagos are moving ahead with state-level sovereign wealth funds that, if properly executed, could reshape how sub-national governments finance growth, manage shocks and build credibility with long-term investors in Africa’s most populous country.

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ADQ-Backed Lunate Forges Logistics Alliance to Address GCC Supply-Chain Gaps

16th October, 2025

Blackstone and Abu Dhabi-based Lunate have launched GLIDE, a platform targeting about US$5 billion of Grade-A logistics across the Gulf.

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Kenya’s SWF Plan Is Back - This Time With a Funding Source

15th October, 2025

Kenya is set to establish two state investment vehicles - a sovereign wealth fund (SWF) and a standalone infrastructure fund - seeded with proceeds from a planned IPO of Kenya Pipeline Company (KPC), the latest in a long-standing bid to develop a state-owned investment

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