Happy June! 

Sovereign Investors had a very strong May, with US$ 26.2 billion in 70 transactions, the highest volume since March 2024. Read all about the deals, results, new funds, and appointments at the Global SWF Times.

In fact, Gulf SWFs have not slowed down and have maintained a stronger investment pace in the past quarter, than in the five years prior to the start of the war in Iran – as shown by the infographic of the month.

We celebrate the 50th and 45th year anniversaries of ADIA and GIC, respectively, by comparing two of the world’s largest allocators. The latter has played safer and has generated a lower return than the former.

In addition, we have a look at the recent reform of the Local Government Pension Schemes (LGPS) in the UK, and the resulting map of pensions per county and how they are all pooled into different schemes.

In that context, the fund of the month goes to Border to Coast Pensions Partnership. Do not miss our conversation with the pool’s CIO, Mr. Joe McDonnell, and Chief Stakeholder Officer, Mr. Ewan McCulloch.

The June report can now be accessed at https://globalswf.com/reports/june2026 - if your firm is a subscriber of Global SWF and you forgot your password, you can always reset it with your email at https://globalswf.com/password/reset. And if your firm is not a subscriber yet, feel free to reach out to us.

We remain at your disposal should you want to discuss any of the topics in detail.

Best wishes,

The Global SWF Team

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