Sovereign wealth funds committed between $120 billion and $150 billion to private equity in 2007, representing 10% of global private equity commitments, according to data released this month by Private Equity Intelligence. This is the first time PEI has done this research.
Total assets in sovereign wealth funds was $3.05 trillion in 2007, PEI said. An estimated 60% of sovereign wealth funds are investing in private equity and an estimated 62% are investing in real estate. Some 95% own real estate directly, 60% invest in real estate funds and 39% have a separate real estate investment arm.