PIF is Set to Reach $2 Trillion in AuM by 2030, Becoming the 2nd-Largest Global Wealth Fund

According to Global SWF, Saudi Arabia's Public Investment Fund (PIF) is projected to become the world’s second-largest sovereign wealth fund by 2030, managing $2 trillion in assets.

Currently ranked sixth with $925 billion, PIF's assets are expected to more than double, representing 10.5% of global sovereign wealth funds' assets, which are forecasted to hit $19 trillion by 2030.

Diego Lopez, Global SWF’s managing director, highlighted PIF’s appeal to international financial institutions due to its significant role in economic development. To achieve its target, PIF will rely on strategies such as oil revenue allocations, debt issuance, and investment returns. Mr. Lopez noted the importance of creating a sustainable and diversified capital base, including raising equity through subsidiaries.

From 2013 to 2022, PIF achieved a 6.9% annualized return, outperforming the sovereign wealth fund average of 5.7%. PIF’s investments are positioned to capitalize on Saudi Arabia’s economic diversification efforts, including mega-projects like NEOM, Qiddiya, and the Red Sea Project, this positions PIF as a gateway for investors seeking exposure to dynamic emerging market opportunities.  

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