Mubadala Becomes the World’s Most Active Sovereign Wealth Fund in 2024, Surpassing PIF

Forex - Abu Dhabi's sovereign wealth fund Mubadala Investment Co. outpaced Saudi Arabia's Public Investment Fund (PIF) in the ranking of the world's most active asset funds by accelerating deals across various sectors from private credit to artificial intelligence last year. PIF was the most active asset fund in the world in 2023.

According to research consultancy Global SWF, Mubadala invested $29.2 billion in 2024, a figure that marks a 67% increase from the previous year and significantly surpasses the 7% growth in investments by sovereign funds worldwide.

The report indicates that Middle Eastern sovereign wealth funds accounted for five of the top 10 global deal makers for the second consecutive year. The other two Abu Dhabi-based funds, the Abu Dhabi Investment Authority and ADQ, also appeared on the list alongside PIF and the Qatar Investment Authority. These five funds collectively invested $82 billion last year.

According to Global SWF, sovereign funds controlled by Abu Dhabi invested over $57.6 billion last year.