Overview
- Global SWF reports state-owned investors and central banks managed a record $60 trillion in 2025, with sovereign wealth funds reaching $15 trillion.
- Sovereign wealth and public pension funds invested about $132 billion in the United States, focusing on digital infrastructure, data centres and AI-related assets.
- Emerging markets received only 15% of 2025 flows after a 28% decline from 2024, with China, India, Indonesia and Saudi Arabia highlighted as weaker destinations.
- Saudi Arabia’s Public Investment Fund committed $36.2 billion and Abu Dhabi’s Mubadala $32.7 billion, ranking as the year’s top sovereign spenders.
- Global SWF cautions that oil-price pressure and project delays could curb 2026 deployments, even as Gulf leaders make large public pledges to channel capital into the U.S.