Happy May!
Sovereign Investors had a slower April, with US$ 15.5 bn in 45 transactions, although Gulf SWFs have not necessarily slowed down. Read about the deals, results, jobs, and new funds at the Global SWF Times.
Like every May, we do a deep-dive into the performance of SWFs and PPFs, this time using four different horizons: 1-year (FY25), 5-year (FY21-FY25), 10-year (FY16-FY25) and 20-year (FY06-FY25).
This year we also looked at the relative performance, which highlighted the added value of sovereign investors in the long term. On average in the past 20 years, SOIs added 82 bps p.a. to their benchmarks.
The 5-year, 10-year, and 20-year performance wheels compare the absolute and relative performance of selected sovereign funds and pension funds, with some surprising results.
In that context, the fund of the month goes to South Africa’s GEPF, which had the third best performance in the 20-year comparison. Do not miss our chat with its Principal Executive Officer, Mr. Musa Mabesa.
The May report can now be accessed at https://globalswf.com/reports/may2026 - 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