Norway Wealth Fund: $70bn Into Private Equity

Norway wealth fund, valued at $1.5 trillion, is considering including private equity investments in its portfolio.

The Norwegian finance ministry requested an assessment by Norges Bank, the institution managing the fund, on the possibility of adding unlisted shares as an asset class.

In their statement, Norges Bank recommended gradually moving 3-5% of the fund’s assets to private equity funds, amounting to approximately $40-70 billion.