Asset Owner Directory

Government Pension Fund Global / Norges Bank Investment Management

Norges Bank Investment Management manages the Norwegian Government Pension Fund Global, often referred to as the Norwegian Oil fund. The aim of the fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources so that this wealth benefits both current and future generations of Norway. The fund is invested exclusively outside Norway in order to protect the mainland economy.



AUM ($B)




Chief Executive

Nicolai Tangen


Oystein Olsen

Asset allocation
In the first half of 2021, the fund was invested with 72.4 percent in equities, 25.1 percent in fixed income, 2.4 percent in unlisted real estate and 0.1 percent in unlisted renewable energy infrastructure.

72.8% Equities

24.7% Fixed Income

2.5% Unlisted Real Estate related articles