Market Moves
Norges Bank Sees Negative Returns in 1st Quarter of 2025
Assets of Norway’s $1.78 trillion sovereign fund fell by 0.6%, a result of weak U.S. equity market returns.
Tag: NBIM
Asset Allocation
NBIM Acquires Stakes in Offshore Wind Farms
The Norwegian sovereign fund will take a $1.5 billion stake in projects in Germany and Denmark.
Manager Selection
NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Asset Allocation
Tech Rally Buoys Norway Sovereign Wealth Fund’s 13% Return
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
Asset Allocation
NBIM Acquires $1B Stake in Logistics Portfolio From CPP Investments
NBIM takes a 45% interest in a 48-building U.S. portfolio, while the Canadian Pension Plan separately divested from a real estate joint venture in China.
Newsmakers
NBIM Boss Nicolai Tangen Will Seek Another 5-Year Term
Tangen has run the management company overseeing the $1.7 trillion sovereign wealth fund since 2020.
Newsmakers
NBIM Real Assets CIO Mie Caroline Holstad to Depart
The departure comes as the fund consolidates its real assets and equities business units.
Asset Allocation
NBIM Commits 900M Euros to Renewable Energy Fund
Copenhagen Infrastructure Partners CI V will invest in wind, solar energy, energy distribution and storage.
Asset Allocation
NBIM Takes Stake in UK-Based Offshore Wind Project
The 37.5% stake in ’Race Bank’ is worth $419 million.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Alternatives
NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Alternatives
Government Pension Fund Global Asks Parliament for PE Permission
Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.
Newsmakers
Norges Bank, AP7 Named Co-Lead Plaintiffs in Silicon Valley Bank Lawsuit
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Asset Allocation
Norway’s Pension Giant Bulks Up Boston Commercial Real Estate Holdings
The $1.44 trillion Government Pension Fund Global has been investing in office real estate in the area since 2013.
Asset Allocation
PE Buyouts ‘Meaningfully’ Outperform Public Equities, Norges Bank Finds
The pension giant also found that venture capital and growth equity have underperformed public equities.