2021 broke records for the number of direct investments made by sovereign wealth funds (SWFs), jumping from 316 in 2020 to 429 in 2021, a 50% increase year-on-year, and a 60% increase in the average number of deals in any of the previous five years, said a study.

According to the annual review by the International Forum of Sovereign Wealth Funds (IFSWF), the value