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Laxman Pai, Opalesque Asia: The size of the Sovereign wealth funds (SWF) industry increased a 6% year-on-year in 2021 and exceeded the US$ 10 trillion mark for the first time in history, said a report.
According to the new report from data provider Global SWF, in 2021, state-owned investors deployed more capital than in any of the previous six years - both in terms of the number of deals and in terms of deal value, which was over US$ 219 billion. SWFs completed 854 deals in 2021.
Compared to 2020, SWFs deployed 19% more, with US$ 106.1 billion in 500 transactions; while investments by PPFs increased significantly in terms of both value and volume, up to US$ 112.9 billion in 354 deals.
GIC was again miles ahead of everyone else. The Singaporean SWF deployed US$ 34.5 billion in 110 deals, almost double what it did in 2020. Almost half of that capital was invested in real estate, with a clear bias to logistics. The next biggest spender was CPP with US$ 23.7 billion, of which 61% was invested in real assets.
Interestingly, both funds present a strong preference for North American assets and a smaller than average appetite for Emerging Markets. Other Top 10 funds including ADIA and Mubadala think differently.
According to the report, emerging markets only attracted 22% of the capital this year, one of the lowest figures in six years, to the benefit of Developed Asia-Pacific. Another key trend during the period 2016-2021 was the change in SOIs' sectorial pr...................... To view our full article Click here
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