The Sovereign Wealth Fund Report 2026
The 71 sovereign wealth funds PipelineRoad tracks control $12.9T in reported assets, led by Norway Government Pension Fund Global at $1.70T.
Last updated June 2026. Computed from PipelineRoad's vetted institutional investor and fund-manager data; recomputed on every publish.
Key findings
- 71 sovereign wealth funds manage $12.9T in reported assets; the 10 largest alone hold $9.18T, or 71% of the total.
- Norway Government Pension Fund Global is the world's largest at $1.70T, ahead of the next-largest Asian and Middle Eastern funds.
- The Middle East and Asia dominate: Asia and Middle East together account for the majority of tracked SWF capital.
- Sovereign funds allocate an average of 27% to alternatives, more than pensions or insurers but less than endowments and family offices.
Sovereign wealth assets by region
Reported AUM, summed by fund headquarters region.
The 20 largest sovereign wealth funds
| # | Fund | Country | Reported AUM |
|---|---|---|---|
| 1 | Norway Government Pension Fund Global | Norway | $1.70T |
| 2 | China Investment Corporation | China | $1.35T |
| 3 | SAFE Investment Company | China | $1.00T |
| 4 | Abu Dhabi Investment Authority (ADIA) | United Arab Emirates | $990B |
| 5 | Kuwait Investment Authority | Kuwait | $930B |
| 6 | Saudi Public Investment Fund | Saudi Arabia | $930B |
| 7 | GIC Private Limited | Singapore | $770B |
| 8 | Qatar Investment Authority | Qatar | $510B |
| 9 | Cassa Depositi e Prestiti (CDP) | Italy | $500B |
| 10 | Hong Kong Monetary Authority | Hong Kong SAR | $500B |
| 11 | Monetary Authority of Singapore | Singapore | $400B |
| 12 | Investment Corporation of Dubai | United Arab Emirates | $300B |
| 13 | Mubadala Investment Company | United Arab Emirates | $300B |
| 14 | Temasek Holdings | Singapore | $290B |
| 15 | National Council for Social Security Fund (NCSSF) | China | $230B |
| 16 | Future Fund | Australia | $220B |
| 17 | British Columbia Investment Management Corporation | Canada | $210B |
| 18 | Korea Investment Corporation | South Korea | $200B |
| 19 | AIMCo | Canada | $170B |
| 20 | Russia National Wealth Fund | Russia | $150B |
Methodology
Every figure is computed at build time from PipelineRoad's curated institutional investor directory and fund-manager dataset. Reported assets reflect each entity's most recent disclosure; figures are deduplicated and scoped to asset owners (for LP reports) or active managers (for fund reports). Family-office and net-worth figures are widely reported estimates, not audited AUM. The page recomputes on every publish, so the numbers track the data as it is corrected and expanded.
PipelineRoad, "The Sovereign Wealth Fund Report 2026," June 2026. https://pipelineroad.com/research/sovereign-wealth-funds-report
Frequently asked questions
What is a sovereign wealth fund?
A sovereign wealth fund is a state-owned investment fund that invests a country's reserves, often from oil, gas, or trade surpluses, across global assets. PipelineRoad tracks 71 of them managing $12.9T.
What is the largest sovereign wealth fund?
Norway Government Pension Fund Global is the largest sovereign wealth fund tracked by PipelineRoad, with $1.70T in reported assets.
How much do sovereign wealth funds manage in total?
The 71 sovereign wealth funds in PipelineRoad's directory manage $12.9T in reported assets, with the 10 largest holding 71% of that.
Reach these investors
This report runs on PipelineRoad's data. Members get verified decision-maker contacts, current mandates, and live allocation signals, matched to a fund's thesis across 30+ institutional sources.
