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Power Move in Abu Dhabi: L'IMAD takes over ADQ, Al Zaabi emerges as big winner

30th January, 2026

Hours after publishing an article on Mohamed Al Suwaidi's transfer from ADQ to Lunate, the Abu Dhabi Media Office announced the take over of ADQ by L'IMAD, which helped explained the previous announcement. As confirmed by the Government, there will now be three major SWFs in the Emirate: ADIA, Mubadala (incl. ADIC), and L’IMAD (incl. ADQ).

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NBIM’s 2025 Result: Equity Power, Structural Friction

29th January, 2026

NBIM delivered a 15.1% return in 2025, following 13.1% in 2024, extending the rebound that began after the sharp drawdown of 2022. In historical terms, 2025 sits well above the fund’s long-run annualised return (around 6.6% since 1998), confirming that the last three years have been unusually supportive for a portfolio with large listed equity exposure.

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SOFAZ’s 2025 Results: Growth, Returns and Market Dependence

28th January, 2026

SOFAZ ended 2025 with assets of US$73.5 billion, up 22.5% from US$60.0 billion at the start of the year. The increase of roughly US$13.5 billion reflects a combination of portfolio returns and valuation effects linked to foreign exchange movements and gold prices.

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Aramco Steps Forward as PIF Recalibrates: How Vision 2030 Is Being Restructured

27th January, 2026

Saudi Arabia’s reported restructuring of the Neom giga-project marks more than a project reset. It reflects a deeper institutional shift in how Vision 2030 is financed, governed and executed.

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Abu Dhabi folds CYVN into L’IMAD as state reshuffle sharpens new fund’s role

26th January, 2026

Abu Dhabi has folded CYVN Holdings and its 20% stake in Chinese electric vehicle maker NIO into its newest sovereign investment platform, L’IMAD Holding, according to regulatory filings and Chinese media reports.

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NBIM to Close Paris Real Estate Office as Strategy Shifts Toward Centralisation and Platform Execution

23rd January, 2026

Norges Bank Investment Management (NBIM) is preparing to close its dedicated real estate office in Paris, consolidating its European unlisted property operations in London as part of a wider shift in how the fund manages real assets.

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QIA and Goldman deepen ties with US$25bn target as Gulf sovereigns “platform” private markets

22nd January, 2026

Qatar Investment Authority (QIA) and Goldman Sachs Asset Management have signed a memorandum of understanding that sets a target of up to US$25 billion for QIA to invest in Goldman-managed vehicles and co-investments, while Goldman plans to meaningfully expand its headcount in Doha and position the office as a regional hub for asset management.

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UAE President’s India Visit Underscores a Decade-Long Shift in Sovereign Wealth Strategy

21st January, 2026

When UAE President Mohamed bin Zayed Al Nahyan – aka MBZ – visited India on 19 January, the joint statement that followed ranged across trade, defence, energy, technology and education.

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Indonesia’s sovereign investors diverge as Danantara scales up and INA pivots to private sector deals

20th January, 2026

Indonesia enters 2026 with two sovereign investment vehicles that were in danger of blurring boundaries, but are now being pushed into distinct roles, finally resolving questions Global SWF asked throughout 2025: how is the Southeast Asian state defining their distinct mandates?

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Treasury moves to calm sovereign wealth fund tax fears - but questions remain

19th January, 2026

When concerns began to circulate late last year that the Trump administration was preparing to upend the tax treatment of SWFs, the reaction  saw lawyers issue alerts, investors reviewing strategies and fund managers fielded anxious calls.

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Spain’s new mega fund builds on a quieter experiment that is already under way

16th January, 2026

When Spain's Prime Minister Pedro Sánchez announced the launch of España Crece at Spain Investors Day in January, the headline number drew most of the attention: a EUR10.5 billion state-backed vehicle with an ambition to mobilise up to EUR120 billion across housing, energy, technology and industry.

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PIF and the Saudi IPO Programme: Why Tadawul Matters More Than Ever

15th January, 2026

Saudi Arabia’s IPO pipeline for 2026 is sizeable by any regional standard. But the headline number of listings matters less than who is driving them, and why. At the centre of that story sits the Public Investment Fund (PIF).

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