NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
The $100 billion fund’s founding partners are sovereign wealth fund Mubadala and AI company G42.
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.