PIF assets rise to $776.7 bln

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $776.66 billion, recent data from SWF Institute showed.  

PIF's assets rose by $126.66 billion, compared to $650 billion in April.  

As per PIF's five-year strategy, the target is to double the size of its assets to more than SAR 4 trillion ($1.07 trillion) by 2025. Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion ($2.7 trillion) by 2030. 

Norway’s Government Pension Fund Global ranked first with $1.37 trillion assets, followed by China Investment Corp.

The aggregate assets of the world’s SWFs hit about $11.65 trillion, up from $10.47 trillion in April, 2023.

The following table shows the world’s top 10 sovereign wealth funds: