PE Buyouts ‘Meaningfully’ Outperform Public Equities, Norges Bank Finds
The pension giant also found that venture capital and growth equity have underperformed public equities.
The pension giant also found that venture capital and growth equity have underperformed public equities.
Despite losses, the 300 largest funds’ share of global pension assets rose to 43% in 2021.
Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.
The pension giant also excluded two firms for ‘serious violations of individuals’ rights’ in Myanmar.
CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
The $1.4 trillion Government Pension Fund Global is investing $650 million in solar plants and wind farms in Spain.
Group will advise Norway’s $1.3 trillion sovereign wealth fund on climate-related financial risks.
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
Despite losing 14.4%, the “oil fund” beat its benchmark by 114 basis points thanks to ... oil.