Norway’s SWF has a severe case of FOMO
As the public markets continue to shrink, the case for GPFG’s entry into private equity is not only one of returns but, increasingly, one of diversification.
By Alex Lynn
It’s one of the private equity industry’s longest-running cases of ‘will they, won’t they?’
Government Pension Fund Global – Norway’s NKr15.8 trillion ($1.4 trillion; €1.3 trillion) sovereign wealth fund and the largest of its kind, globally – has once again been denied access to private equity. Last Friday, the Ministry of Finance said it “does not wish to open for unlisted equities now”, opting instead to establish an independent expert council this year to “assess different aspects” of the asset class...
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