Global SWF has announced the publication of its May 2026 Report. They provide highlights:
1. Sovereign Investors had a slower April, with US$ 15.5 bn in 45 transactions, although Gulf SWFs have not necessarily slowed down. Read about the deals, results, jobs, and new funds at the Global SWF Times.
2. Like every May, we do a deep-dive into the performance of SWFs and PPFs, this time using four different horizons: 1-year (FY25), 5-year (FY21-FY25), 10-year (FY16-FY25) and 20-year (FY06-FY25).
3. This year we also looked at the relative performance, which highlighted the added value of sovereign investors in the long term. On average in the past 20 years, SOIs added 82 bps p.a. to their benchmarks.
4. The 5-year, 10-year, and 20-year performance wheels compare the absolute and relative performance of selected sovereign funds and pension funds, with some surprising results.
5. In that context, the fund of the month goes to South Africa’s GEPF, which had the third best performance in the 20-year comparison. Do not miss our chat with its Principal Executive Officer, Mr. Musa Mabesa.
6. The May report can now be accessed at https://globalswf.com/reports/may2026.
Fund of the Month (May'26): South Africa's GEPF. South Africa’s GEPF is the continent’s largest institutional investor, with a US$ 144 billion portfolio as of March 31, 2025, which is invested by its asset manager organization, the Public Investment Corporation (PIC). We were delighted to speak with GEPF’s Principal Executive Officer, Mr. Musa Mabesa, about the fund’s growth, the current strategy to put that capital to work, and its future outlook.
 |
| Pix credit here |
The text of the Interview with Mr. Musa Mabesa follows below.
