- January 1, 2015: Vol. 8, Number 1

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Norways SWF may move into unlisted infrastructure before long

by Reg Clodfelter

Norway’s Ministry of Finance is currently considering whether to allow Norges Bank Investment Management, manager of Norway’s $865 billion Government Pension Fund Global, to finally dip into unlisted infrastructure, including the renewable energy sector and emerging markets, though a final decision will not be presented to Norway’s parliament until the spring of 2016, according to a statement released by the Ministry of Finance.

“Developing the fund’s investment strategy through better diversification will help to ensure continued robust, long-term management of the fund,” explains Minister of Finance Siv Jensen, in the statement.

NBIM first became open to the idea of investing in infrastructure earlier this year when it released its 2014–2016 strategic investment plan, despite outlining reasons to avoid the class as recently as 2013. Still, only listed infrastructure options were being considered at that time, and no specific timeframe or capital allocat

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