Norway’s wealth fund blocked from investing in private equity

Norway’s wealth fund blocked from investing in private equity:

"Norway will not allow its sovereign wealth fund to invest in private equity but opened the door for the $1tn oil fund to go into renewable infrastructure.

In its annual white paper on the oil fund, Norway’s finance ministry said on Tuesday that private equity did not suit its model of running the world’s largest sovereign wealth fund.

But it said, after twice turning down the chance to invest in infrastructure more broadly, that it would examine whether the fund could use its existing environmental mandate to invest in projects such as wind farms and solar parks. The government will report back next year to parliament on how the fund could do this."



'via Blog this'