← The Strategy Encyclopedia

SWFs strategies

100 documented SWFs strategies from our reference catalogue of 20,000 — names, logic and sources. Catalogued here, tested honestly, and — usually — buried in the graveyard.

$500B+ domestic NEOM gigaprojects
Saudi PIFLong
PIF $500B+ in domestic gigaprojects (NEOM Qiddiya)
Source: Elite
$70B annual deployment plan
Saudi PIFLong
PIF $70B annual deployment up from $40-50B
Source: WhiteCase
$8.3B clean energy 2025
Saudi PIFLong
PIF $8.3B clean energy commitments 2025
Source: CoinLaw
$925B-$1.15T AUM
Saudi PIFLong
PIF AUM $925B-$1.15T
Source: Caproasia
16.5% financials H1 2025
Norway GPFGLong
GPFG 16.5% on financials H1 2025
Source: CoinLaw
6.7% equity return H1 2025
Norway GPFGLong
GPFG 6.7% equity return H1 2025
Source: CoinLaw
ADIA $993B-$1.11T AUM
Abu DhabiLong
ADIA AUM $993B-$1.11T
Source: Sanchez
ADIA most opaque zero reporting
Abu DhabiMulti
ADIA fully opaque zero public reporting
Source: Elite
ADIA savings fund global diversifier
Abu DhabiMulti
ADIA savings fund global diversification
Source: encyclopedia
ADQ $200B AUM
Abu DhabiLong
ADQ Abu Dhabi sovereign holding
Source: SWP
AI critical to investing process
StrategyLong
~All sov investors see AI essential
Source: Sanchez
Affinity Partners $2B Kushner
Saudi PIFMulti
PIF $2B to Affinity (Kushner) AM
Source: SWP
Alaska Permanent Fund $80B
US/EuropeMulti
Alaska PF dividends to residents
Source: Sanchez
Angola FSDEA
AfricaMulti
Angola sovereign $5B
Source: CoinLaw
Botswana Pula Fund
AfricaMulti
Botswana Pula Fund - oldest African SWF
Source: encyclopedia
Brazil Sovereign Fund FSB
LATAMMulti
Brazil Sovereign Fund (limited size)
Source: encyclopedia
CIC $1.3-1.33T AUM
China CICLong
CIC AUM $1.3T+
Source: Caproasia
CIC infra push EM Asia/Africa
China CICLong
CIC infra push EMs 2025
Source: CoinLaw
Chile economic + social stabilization
LATAMMulti
Chilean Economic + Social Stabilization Fund
Source: encyclopedia
China Investment Corporation
China CICMulti
CIC China's main SWF
Source: Caproasia
Co-invest with PE 0.5% fees
StrategyMulti
Co-invest cuts fees from 2/20 to 0.5%
Source: Elite
DAZN sports streaming stake
Saudi PIFMulti
PIF stake in DAZN streaming 2025
Source: SWP
Direct investment growing
StrategyLong
Direct investment vs LP increasing
Source: WhiteCase
EA $55B take-private 2025
Saudi PIFLong
PIF/Silver Lake/Affinity EA $55B Sept 2025
Source: WhiteCase
EV transition Lucid Aramco etc
Saudi PIFLong
PIF EV theme - Lucid Saudi Aramco e-mobility
Source: encyclopedia
Esports / Savvy Games $38B
Saudi PIFLong
PIF Savvy Games esports vehicle $38B
Source: encyclopedia
Ethical exclusions blacklist
Norway GPFGMulti
Ethical Council blacklists fossil/weapons
Source: encyclopedia
Funded by oil revenue
Norway GPFGLong
GPFG funded by oil/gas surplus
Source: encyclopedia
Future Fund Australia
APAC SmallerMulti
Australian Future Fund $200B+
Source: encyclopedia
Future Generations Fund FGF
Kuwait KIAMulti
KIA's FGF inter-generational
Source: InvestingInTheWeb
GIC $769-936B AUM
Singapore GICLong
GIC AUM $769-936B
Source: Caproasia
GIC Private Limited
Singapore GICMulti
GIC Singapore SWF
Source: InvestingInTheWeb
GIC Santiago Principles signatory
Singapore GICMulti
GIC contributor to Santiago Principles
Source: InvestingInTheWeb
GIC Thames Water $3B
Singapore GICMulti
GIC $3B Thames Water + Macquarie
Source: Elite
GIC global private markets growing
Singapore GICLong
GIC growing private-markets allocation
Source: WhiteCase
GIC student housing GSA partnership
Singapore GICLong
GIC GSA student-housing JV
Source: Docs
GPFG $1.78-1.86T largest
Norway GPFGLong
Norway GPFG largest at $1.78-1.86T
Source: Caproasia
General Reserve Fund GRF
Kuwait KIAMulti
KIA's GRF general reserve
Source: InvestingInTheWeb
Ghana Petroleum / Stabilization
AfricaMulti
Ghana petroleum funds 2025
Source: CoinLaw
Global SWF AUM ~$15T 2025
Industry StatsLong
Total SWF AUM ~$15T 2025
Source: SWP
Gold/commodities up shift
Industry StatsLong
Shift to gold/commodities for diversification
Source: CoinLaw
Gulf SWFs $4T → $8T 2030
Industry StatsLong
Gulf SWFs $4T projected to double by 2030
Source: Sanchez
Hybrid funds growing share
Industry StatsMulti
Hybrid pension/strategic growing
Source: Sanchez
Index-tracking + active tilt
Norway GPFGMulti
Index + active tilt strategy
Source: encyclopedia
Indonesia INA Daya Anagata
APAC SmallerMulti
INA Indonesia Investment Authority
Source: encyclopedia
Ireland Strategic Investment Fund
US/EuropeMulti
ISIF Ireland strategic-development
Source: encyclopedia
KIA $801B-$1T AUM
Kuwait KIALong
KIA AUM $801B-$1T
Source: CoinLaw
KIC Korea $200B
APAC SmallerMulti
Korea Investment Corporation
Source: encyclopedia
Khazanah Malaysia
APAC SmallerMulti
Khazanah Nasional Malaysia
Source: encyclopedia
Khazna data centers UAE expansion
Abu DhabiLong
Microsoft+G42 200MW Khazna 2025
Source: WEF
Kuwait Investment Authority oldest
Kuwait KIAMulti
KIA established 1953 - oldest SWF
Source: InvestingInTheWeb
LIV Golf $7B+ commitment
Saudi PIFMulti
PIF LIV Golf launch + PGA merger
Source: encyclopedia
Lucid Motors stake LCID
Saudi PIFLong
PIF major Lucid Motors stake
Source: encyclopedia
Lunate $100B+ ADQ-affiliated
Abu DhabiLong
Lunate $100B+ asset manager ADQ-affiliated
Source: SWP
MBC Group 54% media takeover
Saudi PIFLong
PIF 54% MBC Group 2025
Source: SWP
Mexico Oil Stabilization Fund
LATAMMulti
Mexico Oil Stabilization Fund
Source: encyclopedia
Microsoft $15.2B UAE 2023-29
Abu DhabiLong
Microsoft $15.2B UAE invest plan 2023-29
Source: WEF
Mubadala $300B+ direct
Abu DhabiLong
Mubadala direct-investment focused
Source: Elite
Mubadala GlobalFoundries $15B
Abu DhabiLong
Mubadala $15B+ in GlobalFoundries chip
Source: Elite
Mubadala SoftBank Vision Fund LP
Abu DhabiLong
Mubadala invested in SoftBank Vision Fund
Source: Sanchez
NIIF India National Infra
APAC SmallerMulti
National Investment + Infra Fund India
Source: Sanchez
NZ Super Fund
APAC SmallerMulti
NZ Super Fund $50B+
Source: encyclopedia
Newcastle United Premier League
Saudi PIFMulti
PIF acquired Newcastle 80% 2021
Source: encyclopedia
Nigeria NSIA $5B
AfricaMulti
Nigeria Sovereign Investment Authority
Source: Sanchez
No domestic Norway investment
Norway GPFGMulti
Avoids domestic Norway investments (Dutch Disease)
Source: Elite
Norges Bank Investment Mgmt NBIM
Norway GPFGMulti
Norges Bank Investment Management
Source: Caproasia
Oil Five 61% deployment
Industry StatsLong
Saudi/Qatar/UAE Oil Five 61% volume
Source: SWP
Paramount-Skydance Warner Bros bid
Saudi PIFMulti
PIF/QIA backed Paramount-Skydance/WBD bid
Source: SWP
Parliamentary oversight transparent
Norway GPFGMulti
Public reporting + parliament oversight
Source: Elite
Public Investment Fund Saudi
Saudi PIFMulti
Saudi PIF most active SWF
Source: Sanchez
QIA $450-526B AUM
Qatar QIALong
QIA AUM $450-526B
Source: CoinLaw
QIA Affinity Partners $1.5B
Qatar QIAMulti
QIA $1.5B to Affinity 2024
Source: SWP
QIA Glencore Credit Suisse stakes
Qatar QIAMulti
QIA Glencore Credit Suisse historical stakes
Source: encyclopedia
QIA Harrods Olympic Village stake
Qatar QIAMulti
QIA Harrods Olympic Village
Source: encyclopedia
QIA London real estate concentrated
Qatar QIAMulti
QIA $8B+ London luxury hotels
Source: Elite
QIA PSG Paris Saint-Germain
Qatar QIAMulti
QIA owner Paris Saint-Germain football
Source: encyclopedia
QIA Volkswagen large stake
Qatar QIAMulti
QIA major VW shareholder
Source: encyclopedia
Qatar Investment Authority
Qatar QIAMulti
QIA Qatar's SWF
Source: InvestingInTheWeb
Renewables added 2020+
Norway GPFGLong
Renewables infra added recent years
Source: encyclopedia
SAFE $1.23T AUM
China SAFELong
SAFE AUM $1.23T
Source: Caproasia
SWF M&A $145.9B 2025 YTD
Industry StatsLong
SWF-linked acquisitions $146B 2025 YTD
Source: WhiteCase
Savings/intergenerational 1/3
Industry StatsMulti
Savings funds for future gens 1/3
Source: Sanchez
Senegal FONSIS
AfricaMulti
Senegal sovereign
Source: encyclopedia
Stabilization 1/3 of funds
Industry StatsMulti
Stabilization funds 1/3 of SWFs
Source: Sanchez
State Administration of Foreign Exchange
China SAFEMulti
China SAFE FX-reserve manager
Source: Caproasia
Strategic minority+control mix
StrategyMulti
Mix structured-minority + control deals
Source: WhiteCase
Strategic/development 25%
Industry StatsMulti
Strategic/development funds 25%
Source: Sanchez
Talent war SWF vs HF/PE
StrategyMulti
SWFs face talent war for sophisticated teams
Source: Sanchez
Temasek $300B+ holding
Singapore TemasekMulti
Temasek Singapore state holding
Source: Sanchez
Temasek BlackRock partnership
Singapore TemasekLong
Temasek BlackRock infra/private deals
Source: encyclopedia
Temasek active growth equity
Singapore TemasekLong
Temasek growth-equity focus
Source: encyclopedia
Texas Permanent School Fund
US/EuropeMulti
Texas PSF education endowment
Source: encyclopedia
Treasuries -10% 2025
Industry StatsMulti
SWFs cut UST exposure 10% 2025
Source: CoinLaw
Uber Live Nation stakes
Saudi PIFMulti
PIF Uber Live Nation public-equity stakes
Source: encyclopedia
VinFund / SCIC Vietnam
APAC SmallerMulti
SCIC Vietnam state holding
Source: encyclopedia
Vision 2030 mandate
Saudi PIFMulti
PIF executes Vision 2030 mandate
Source: SWP
Wyoming Permanent Mineral
US/EuropeMulti
Wyoming Permanent Mineral Trust
Source: encyclopedia
~28% bonds
Norway GPFGIncome
GPFG ~28% public bonds
Source: encyclopedia
~3% real estate target 7%
Norway GPFGMulti
GPFG real estate target 7% slow build
Source: Docs
~70% public equities
Norway GPFGLong
GPFG ~70% public equities
Source: encyclopedia

An encyclopedia of publicly documented strategies for education. YCAI does not recommend, endorse, or trade any of these. Not investment advice.