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NBIM’s North American Renewables Entry: Platforms, Partners and the Evolution of the Real Assets Strategy

6th March, 2026

Norges Bank Investment Management (NBIM) has acquired a 33.3% stake in a portfolio of operating renewable energy assets in North America alongside Brookfield and British Columbia Investment Management Corporation (BCI), marking its first renewable infrastructure investment in the region.

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Canadian and Australian Pension Funds Formalise an Established Investment Relationship

5th March, 2026

The Canadian-Australian Pension Funds Investment Initiative (CAP Invest) brings together nine Australian superannuation funds and investment platforms and nine Canadian public pension organisations in a framework intended to facilitate dialogue with governments and encourage cross-border investment.

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Gulf Sovereign Wealth Funds and the Iran Crisis: Scenario Analysis

4th March, 2026

Escalating tensions involving Iran and the security of the Strait of Hormuz have revived questions about how Gulf sovereign wealth funds (SWFs) will react to this major regional geopolitical crisis.

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Sovereign Capital Underwrites the US Power Growth

3rd March, 2026

The announced take-private of the AES Corporation at a US$33.4 billion enterprise value including assumed debt, shows sovereign wealth and public pension heavyweights are willing to back a capital-intensive US power platform.

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CY25 Early Results: Allocation Structure, Currency Policy and Mandate Discipline

2nd March, 2026

The first group of major sovereign wealth funds and public pension funds to report calendar year 2025 results shows that performance dispersion was primarily structural with high-equity savings funds such as Norges Bank Investment Management (NBIM), the New Zealand Superannuation Fund (NZSuper) and Korea Investment Corporation (KIC) clustered in the mid-teens.

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Fund of the Month (Mar'26): New Mexico State Investment Council (NMSIC)

1st March, 2026

New Mexico SIC has doubled in size in the past 3.5 years, due to an accelerated inflow of oil royalties. At the end of 2025, it was the second largest SWF in the US, with US$ 70 billion in AuM, just behind Alaska PFC. We were delighted to speak with the State Investment Officer, Mr. Jon Clark, about the accelerated growth of the fund, the current strategy to put that capital to work, and the future outlook.

ADPF unveils a new brand, shows the path for GCC Pension Funds

27th February, 2026

This week, the Abu Dhabi Pension Fund (ADPF), which manages the pensions of the Emirati nationals working in the public and the private sector in the Emirate of Abu Dhabi, celebrated its 25th anniversary with the launch of a new corporate identity and logo, under the values protection, unity, stability, and growth.

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Gulf SWFs Reposition Private Credit: Scaling up Globally, Deploying Domestically and Building Onshore Markets

26th February, 2026

Private credit assets under management globally reached approximately US$2.4 trillion by the end of 2025, according to industry estimates, and now fund roughly 80% of leveraged buyout financing in the US and Europe.

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Hong Kong’s Exchange Fund Transfer: Stability Mandate Meets Strategic Development

25th February, 2026

Hong Kong’s 2026/27 Budget proposes transferring HK$150 billion (US$19 billion) from the Exchange Fund’s investment income to the Capital Works Reserve Fund over two years to support the Northern Metropolis and related infrastructure, as outlined in the 2026 Budget Speech.

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Russia’s National Wealth Fund: Size, Liquidity and Structural Constraint

24th February, 2026

Russia’s National Wealth Fund (NWF) has become a central pillar of the country’s wartime fiscal architecture. Officially standing at RUB13.64 trillion (US$178 billion) as of January 2026, the fund remains one of the world’s larger sovereign pools in nominal terms.

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AP7: Insourcing Beta, Building Platforms and Testing Resilience

23rd February, 2026

Sweden’s AP7 has spent most of its 25-year history running a vast, low-cost, largely outsourced global equity portfolio for premium pension savers, but in in 2025 that model delivered a modest 4.2% total return which was subdued compared with the prior year’s surge yet still consistent with its long-term objectives.

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China Investment Corporation in the Year of the Fire Horse: Speed, Heat and Control

20th February, 2026

The lunar calendar turned to the Year of the Fire Horse this week. In traditional Chinese symbolism, the Horse represents movement, independence and forward drive, while the Fire element adds intensity and volatility.

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