Sovereign Wealth Quarterly Funds Newsletter

Markus Massi Bernardo Bortolotti

The SWF industry is living testing times. Oil-based funds are redefining their long-term strategies in a new environment of declining commodity prices and revenues, while trade-surplus funds are still grappling with the looming consequence of the “great deceleration” of emerging countries. Yet, the last semester shows that this adjustment path is not simple nor linear, as events may abruptly alter the outlook and consequently affect SWF behavior. We have probably reached the end of extrapolation, as the future of SWF cannot be drawn with lines from the past. Bocconi’s SIL and BCG will strive to help our readers to chart this unexplored, fascinating territory by a roundup of recent deal activities, industry trends and outlook.

Principal Investors and Private Equity