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Fund of the Year (Jan'26): CalPERS

1st January, 2026

For its leadership among US retirement systems, for its growing investment and sustainability activity and for its adoption of forward-looking strategies, Global SWF believes that CalPERS is a worthy recipient of the 2025 Fund of the Year award. We were delighted to present it to Stephen Gilmore, Chief Investment Officer of the US$ 596 billion fund, and to speak with him about the fund’s state of play and next ambitions

China’s CIC Puts a Price on Its Retreat from US Private Equity

3rd December, 2025

China Investment Corporation’s plan to sell about US$1 billion of US private equity fund stakes is a small transaction relative to its US$1.3 trillion balance sheet – but it captures a much larger shift in how Chinese sovereign capital engages with Wall Street.

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ADQ Steps Into the Spotlight in the Global Minerals Arms Race

27th November, 2025

Last week, Istvan Zollei of Orion Resource Partners summed up the new reality of the commodity world in one line: demand for copper, nickel, lithium, cobalt and rare earths is set to outpace supply “for much of the next decade,” driven not just by electric vehicles and renewables, but by data centres, artificial intelligence and the reshoring of industrial and defence production.

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How NBIM’s US$800mn Blackstone Bet Cements Its US$11.8bn Logistics Strategy

14th May, 2025

In a world where logistics is the beating heart of the global economy, Norges Bank Investment Management (NBIM) just made another high-conviction move that underscores how seriously it takes that metaphor.

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