贝恩公司：2026主权财富基金未来发展报告：未来十年四大核心战略要务（英文版）（15页）.pdf

1、The Future of Sovereign Wealth Funds:Four Imperatives for the Next DecadeFueled by strong returns and state capital injections,SWFs have expanded faster than any other institutional investor.Where do they go from here?By Grgory Garnier,Riccardo Molinari,Lise Abi Jaoude,Alexander De Mol,Usman Akhtar,

2、Suvir Varma1The Future of Sovereign Wealth Funds:Four Imperatives for the Next DecadeAt a Glance Over the past decade,sovereign wealth funds(SWFs)have expanded assets under management(AUM)faster than any other institutional investor,achieving a CAGR over 10%from 202025.This growth trajectory is expe

3、cted to continue through 2035,albeit under new dynamics.For the first time,Bain&Company surveyed SWF leaders about their priorities,including capital deployment and asset allocation.Our research sample covered 50%of addressable SWF AUMand revealed four imperatives for sustaining growth.Executive sum

4、maryOver the past decade,sovereign wealth funds(SWFs)have become pillars of global capital markets.Fueled by strong portfolio returns and steady state capital injections,SWFs have expanded faster than any other institutional investors.That trajectory is expected to continue,with SWFs projected to re

5、ach$30 trillion in assets under management(AUM)by 2035.However,the roadmap for growth is changing.The conditions that enabled historical growth are shifting,unsettled by higher interest rates and increasing volatility in hydrocarbon revenues.The effects of geopolitical fragmentation,technological di

6、sruption,and the energy transition are also intensifyingand redefining where and how sovereign capital can create value.For the first time,Bain&Company surveyed leaders from eight SWFs to understand their priorities and how they are operating under pressure.While industry terminology varies,in our r