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The Recent Investment Activity of Global Sovereign Wealth Funds

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ency (L-M index)] as of August 14, 2015

Co u n tr y So ver ei gn W eal th F u n d N ame Au M (U S D in  b illi o n) Es t. O ri g in L-M * I nd ex N o rway G ov er nm en t P en sio n F un d –  G loba l 88 2. 0 19 90 O il 10 U A E – A b u D ha b i A b u D ha b i I nv es tm en t A ut ho rit y 77 3. 0 19 76 O il 6 Ch in a Ch in a I nv es tm ent C o rp o ra tio n 74 6. 7 20 07 N o n-C o m mo d ity 8 S aud i A rab ia SA M A F o re ign Hol d in g s 67 1. 8 n/ a O il 4 Ku w ai t K uw ai t I nv es tm en t Au th o rit y 59 2. 0 19 53 O il 6 Ch in a S A FE Inv es tm en t C o m p an y 54 7. 0 19 97 N o n-C o m mo d ity 4 C hi na – H o ng K o ng H o ng K o ng M o ne ta ry A ut ho rit y I nv es tm en t P o rt fol io 40 0. 2 19 93 N o n-C o m mo d ity 8 Si ng ap o re G ov er nm en t o f S in g ap o re I nv es tm en t Cor p or at io n 34 4. 0 19 81 N o n-C o m mo d ity 6 Q at ar Q at ar In ve stm en t Au th o rit y 25 6. 0 20 05 O il & G as 5 Ch in a N at io nal Soc ial Se cu rit y F un d 23 6.0 2000 N o n-C o m mo d ity 5 Si ng ap o re Te m as ek H old ing s 19 3. 6 19 74 N o n-C o m mo d ity 10 U A E – D ub ai In ve st m en t C o rp o ra tio n o f D ub ai 18 3. 0 20 06 N o n-C o m mo d ity 5 U A E – A b u D ha b i A b u D ha b i I nv es tm en t C ou nc il 11 0. 0 20 07 O il n/ a A us tral ia A us tral ia n F ut ur e F un d 95 .0 20 06 N o n-C o m mo d ity 10 Ru ss ia R es er ve F un d 88 .9 20 08 O il 5 So ut h K o re a K or ea In ve st m en t Cor p or at io n 84 .7 20 05 N o n-C o m mo d ity 9 Ru ss ia N at io na l W el fa re F un d 79. 9 20 08 O il 5 Ka zak hs ta n S am ru k-K az yn a JSC 77. 5 20 08 N o n-C o m mo d ity n/ a

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Appendices

Ka zak hs ta n Ka zak hs ta n N at io na l F un d 77. 0 2000 O il 2 U A E – A b u D ha b i In te rna tio na l P et role um In ve st m en t C o mpa ny 66. 3 19 84 O il 9 U A E – A b u D ha b i M ubada la D ev elop m en t C o mpa ny 66. 3 20 02 O il 10 Li by a Li b ya n I nv es tm en t Au th o rit y 66 .0 20 06 O il 1 Ir an N at io na l D ev el op m en t F un d o f I ra n 62 .0 20 11 O il & G as 5 U S – A la sk a A la sk a P er m ane nt F un d 53.9 19 76 O il 10 A lg er ia R ev en ue R egu la tio n F un d 50 .0 2000 O il & G as 1 Ma la ys ia K ha za na h N as io na l 41 .6 19 93 N o n-C o m mo d ity 9 B rune i B ru ne i I nv es tm en t Ag en cy 40 .0 19 83 O il 1 U S – T ex as Te xa s P er m ane nt S cho ol F un d 37. 7 1854 O il & O th er 9 A ze rb ai ja n S ta te O il F un d 37. 3 1999 O il 10 Ire la nd N at io na l P ensi o ns R es er ve F un d 27. 4 20 01 N o n-C o m mo d ity 10 Fr an ce S tr at eg ic Inv es tm en t F un d 25 .5 20 08 N o n-C o m mo d ity 9 N ew Z ea la nd N ew Z ea la nd Su p er an nua tio n F un d 21. 8 20 03 N o n-C o m mo d ity 10 U S – N ew M ex ic o N ew M ex ic o S ta te I nv es tm en t C ou nc il 19 .8 19 58 O il & G as 9 Ir aq D ev el op m en t F un d f o r I ra q 18 .0 20 03 O il n/ a C anada A lbe rta ’s H er ita g e F un d 17. 5 19 76 O il 9 U S – T ex as P er m an ent Un iv er si ty F un d 17. 2 18 76 O il & G as n/ a Ea st T im or T im o r-Le st e P et role um F un d 16 .6 20 05 O il & G as 8 Ch ile S oc ia l a nd  E co no m ic S ta bi liz at io n F un d 15 .2 20 07 C op p er 10 U A E – F ed er al E m ira te s I nv es tm en t A uth o rit y 15 .0 20 07 O il 3 Ru ss ia R us si an D ire ct I nv es tm en t F un d 13 .0 20 11 N o n-C o m mo d ity n/ a O m an S ta te G en er al R es er ve F un d 13 .0 19 80 O il & G as 4 B ah rai n M um ta la ka t Hol d in g C o mpa ny 10 .5 20 06 N o n-C o m mo d ity 10

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Co u n tr y So ver ei gn W eal th F u n d N ame Au M (U S D in  b illi o n) Es t. O ri g in L-M * I nd ex Pe ru Fi sc al S ta b ili za tio n F un d 9. 2 1999 N o n-C o m mo d ity n/ a Ch ile P ens io n R ese rv e F un d 7. 9 20 06 C op p er 10 M exic o O il R ev en ue s S ta b ili za tio n F un d o f M ex ic o 6.0 2000 O il 4 O m an O m an In ve st m en t F un d 6.0 20 06 O il 4 Ital y Ital ia n S tra te gi c F un d 6.0 20 11 N o n-C o m mo d ity n/ a Bo ts w an a P ula F un d 5.7 19 94 D ia mo nds & M in era ls 6 U S – W yo m in g P er m an en t W yo m in g M in er al T ru st F un d 5.6 19 74 M in eral s 9 Tr in idad & T obag o H er ita g e a nd  S ta bi liz at io n F un d 5. 5 2000 O il 8 B ra zil S ov er ei gn F un d o f B ra zi l 5. 3 20 08 N o n-C o m mo d ity 9 S aud i A rab ia P ub lic Inv es tm en t F un d 5. 3 20 08 O il 4 Ch in a Ch in a-A fr ic a D ev el op m ent F un d 5.0 20 07 N o n-C o m mo d ity 5 A ng ola Fun do S ob er ano de A ng ola 5.0 20 12 O il 8 U S – N o rt h D ak ot a N o rt h Dak ot a L ega cy F un d 3. 2 20 11 O il & G as n/ a U S – A la b am a A la ba m a T ru st F un d 2. 5 19 85 O il & G as 9 Ka zak hs ta n N at io na l I nv est m en t Cor p or at io n 2. 0 20 12 O il n/ a N ig er ia – B ay el sa B ay el sa D ev el op m en t a nd I nv es tm en t Cor p or at io n 1. 5 20 12 N o n-C o m mo d ity N /A N ig er ia N ig er ia n S ov er eign In ve st m en t A ut ho rit y 1. 4 20 12 O il 9 U S –  Lou is ia na Lou is ia na E d uc at io n Q ua lit y T ru st F un d 1. 3 19 86 O il & G as n/ a P an am a Fo ndo de A ho rr o de P ana m á 1. 2 20 12 N o n-C o m mo d ity n/ a A E – R as A l K ha im ah R A K In ve stm en t Au th o rit y 1. 2 20 05 O il 3 B ol iv ia FI N PR O 1. 2 20 12 N o n-C o m mo d ity n/ a

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Appendices

Se ne g al S en ega l F ONS IS 1. 0 20 12 N o n-C o m mo d ity n/ a P ale st ine P ale st ine In ve st m en t F un d 0. 8 20 03 N o n-C o m mo d ity n/ a Ve ne zu ela FEM 0. 8 19 98 O il 1 K iri b at i R ev en ue E q ua liz at io n R ese rv e F un d 0.6 19 56 P ho sp ha te s 1 V ie tna m St at e C ap ita l I nv est m en t Cor p or at io n 0. 5 20 06 N o n-C o m mo d ity 4 G ab o n G abo n So ve re ig n W eal th F un d 0.4 19 98 O il n/ a G ha na G ha na P et role um F un d s 0. 5 20 11 O il n/ a In do ne sia G ov er nm en t I nv es tm en t U ni t 0. 3 20 06 N o n-C o m mo d ity n/ a Ma ur ita nia N at io na l F un d f o r H yd ro ca rb o n R es er ve s 0. 3 20 06 O il & G as 1 A us tral ia W es te rn A us tral ia n F ut ur e F un d 0. 3 20 12 M in eral s n/ a Mo ng ol ia Fi sc al S ta b ili ty F un d 0. 3 20 11 M in eral s n/ a E qu at o ria l G ui ne a Fu nd f o r F ut ur e G en er at io ns 0.1 20 02 O il n/ a P ap ua N ew G ui ne a P ap ua N ew G ui ne a S ov er ei gn W ea lth F un d n/ a 20 11 Gas n/ a Tu rk me nis ta n Tur km en is ta n S ta bi liz at io n F un d n/ a 20 08 O il & G as n/ a U S – W es t V irg in ia W es t V irgi ni a F ut ure F un d n/ a 20 14 O il & G as n/ a M exic o Fo ndo Me xi ca no de l P et role o n/ a 20 14 O il & G as n/ a To ta l O il & G as R el at ed 4,1 68 .6 To tal O th er 3,11 5. 1 T OT A L 7, 28 3. 7 Sour ce : S W F In st itu te F un d R an ki ngs : h tt p: // w w w .s w fin st itu te .o rg /f un d-ra nk ings / [ ac ce ss ed : 1 4. 08 .2 01 5] . No te th e  Li na bur g-Ma du el l ( L-M ) S W F t ra ns pa re nc y i nd ex m et ho do lo gy is  s um m ed u p o n t he  S ov er ei gn W ea lth F un d I ns tit ut e w eb si te : h tt p: // w w w .s w fin st itu te .o rg /s ta tis tic s-re se ar ch /lina bu rg -ma du ell -t ra ns pa re nc y-ind ex / [ ac ce ss ed : 1 5. 09 .2 01 5] .

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Publ ic E qui ty 94% Publ ic E qui ty 86% Publ ic E qui ty 90% Publ ic E qui ty 56% Publ ic E qui ty 94% Publ ic E qui ty 44% Publ ic E qui ty 75% Publ ic E qui ty 81% Fi xe d I nc om e 82% Fi xe d I nc om e 86% Fi xe d I nc om e 100% Fi xe d I nc om e 89% Fi xe d I nc om e 82% Fi xe d I nc om e 78% Fixe d I nc om e 100% Fi xe d I nc om e 86% Pr iv ate E qu ity 7 6% Pr iv ate E qu ity 2 9% Pr iv ate E qu ity 6 0% Pr iv ate E qu ity 0 % Pr iv ate E qu ity 8 2% Pr iv ate E qu ity 2 2% Priv ate E qu ity 5 0% Pr iv ate E qu ity 4 7% R ea l E st at e 7 6% R ea l E st at e 2 9% R ea l E st at e 9 0% R ea l E st at e 1 1% R ea l E st at e 8 2% R ea l E st at e 3 3% R ea l E st at e 5 0% R ea l E st at e 5 9% Inf ra st ruc tur e 76% Inf ra st ruc tur e 43% Inf ra st ruc tur e 60% Inf ra st ruc tur e 11% Inf ra st ruc tur e 94% Inf ra st ruc tur e 33% Inf ra st ruc tur e 50% Inf ra st ruc tur e 60% H edg e Funds 41% H edg e Funds 14% H edg e Funds 60% H edg e Funds 0% H edg e Funds 35% H edg e Funds 22% H edg e Funds 50% H edg e Funds 33% Pr iv ate D eb t 2 4% Pr iv ate D eb t 1 4% Pr iv ate D eb t 5 0% Pr iv ate D eb t 0 % Pr iv ate D eb t 2 9% Pr iv ate D eb t 1 1% Pr iv ate D eb t 5 0% Pr iv ate D eb t 2 4% O the r 12% O the r 14% O the r 80% O the r 33% Oth er 2 4% O the r 11% O the r 25% O the r 0% 0% 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 10 0% As ia Eur ope or th A meric a tin A m er ic a M id dl e Ea st A fr ic a A ust ra la sia W or ld

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Publ ic E qui ty 94% Publ ic E qui ty 86% Publ ic E qui ty 90% Publ ic E qui ty 56% Publ ic E qui ty 94% Publ ic E qui ty 44% Publ ic E qui ty 75% Publ ic E qui ty 81% Fi xe d I nc om e 82% Fi xe d I nc om e 86% Fi xe d I nc om e 100% Fi xe d I nc om e 89% Fi xe d I nc om e 82% Fi xe d I nc om e 78% Fixe d I nc om e 100% Fi xe d I nc om e 86% Pr iv ate E qu ity 7 6% Pr iv ate E qu ity 2 9% Pr iv ate E qu ity 6 0% Pr iv ate E qu ity 0 % Pr iv ate E qu ity 8 2% Pr iv ate E qu ity 2 2% Priv ate E qu ity 5 0% Pr iv ate E qu ity 4 7% R ea l E st at e 7 6% R ea l E st at e 2 9% R ea l E st at e 9 0% R ea l E st at e 1 1% R ea l E st at e 8 2% R ea l E st at e 3 3% R ea l E st at e 5 0% R ea l E st at e 5 9% Inf ra st ruc tur e 76% Inf ra st ruc tur e 43% Inf ra st ruc tur e 60% Inf ra st ruc tur e 11% Inf ra st ruc tur e 94% Inf ra st ruc tur e 33% Inf ra st ruc tur e 50% Inf ra st ruc tur e 60% H edg e Funds 41% H edg e Funds 14% H edg e Funds 60% H edg e Funds 0% H edg e Funds 35% H edg e Funds 22% H edg e Funds 50% H edg e Funds 33% Pr iv ate D eb t 2 4% Pr iv ate D eb t 1 4% Pr iv ate D eb t 5 0% Pr iv ate D eb t 0 % Pr iv ate D eb t 2 9% Pr iv ate D eb t 1 1% Pr iv ate D eb t 5 0% Pr iv ate D eb t 2 4% O the r 12% O the r 14% O the r 80% O the r 33% Oth er 2 4% O the r 11% O the r 25% O the r 0% 0% 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 10 0% As ia Eur ope N or th A meric a La tin A m er ic a M id dl e Ea st A fr ic a A ust ra la sia W or ld Sour ce: 2015 Pr eqin So ver eign We alth F und R evie w: E xclusiv e E xtr ac t av ailable a t: ht tps://www .pr eqin. com/ docs/ report s/2015-Pr eqin-So ver eign-We alth-F und-R evie w-E xclusiv e-E xtr ac t-June -2015.pdf [ac cessed: 12.08.2015].

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