Kuwait Investment Authority

Established in 1953, the Kuwait Investment Authority (KIA) is the world's oldest sovereign wealth fund, managing the State of Kuwait's financial reserves and future generations fund. With assets under management exceeding $1 trillion as of March 2025, KIA invests across various asset classes, including private equity, real estate, infrastructure, fixed income, hedge funds, venture capital, commodities, crypto, distressed and special situations, ESG and impact investing, and collectibles & art. The fund's investment strategy focuses on achieving superior, long-term, risk-adjusted returns through investments in high-quality companies and projects worldwide. KIA's portfolio spans the Americas, Europe, Asia-Pacific, and emerging markets, reflecting its global investment approach. The fund's governance structure includes a Board of Directors, with the Minister of Finance serving as the Chairman, and other members from the government and private sector. KIA's operations are audited by external firms, and it is required by law to submit semi-annual statements of its assets under management to the independent State Audit Bureau. The fund's mission is to achieve a long-term investment return on the financial reserves entrusted by the State of Kuwait, providing an alternative to oil reserves and supporting the country's economic diversification efforts. KIA's investments aim to generate sustainable commercial returns while advancing national priorities, fostering private sector participation, and supporting economic diversification. The fund's objectives include achieving a rate of return on investments that, on a three-year rolling average, exceeds composite benchmarks, being a world-class investment management organization committed to continuous improvement, and ensuring the excellence of the private sector in Kuwait by collaborating to develop industries and companies within the country.