SWFs eye EM infra amid private market pullback
Sovereign wealth funds may have hit ‘peak allocation’ to illiquid assets, for now at least, but are increasingly making non-core private investments, finds new research.
Sovereign wealth funds (SWFs) cut back on direct investment into private markets and poured more capital into listed assets last year, reversing a trend of recent years. Yet they are doing more direct deals in less traditional illiquid assets, such as emerging-market infrastructure and non-core property.
These were findings from the first annual review* by the International Forum of Sovereign Wealth Funds (IFSWF), released yesterday.
They reflect the argument made in a report by…
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