Sovereign Funds Push Into Tech as Assets Swell to $15 Trillion

(Bloomberg) — Sovereign wealth funds globally accumulated a record $15 trillion in assets under management in a year when many deepened their technology investments and profited from vibrant markets, according to a new report from Global SWF.

Overall, state-owned investors poured $66 billion into artificial intelligence and digitalization investments in 2025, the data firm said. Middle East sovereign wealth funds pioneered digital investments; Abu Dhabi’s Mubadala Investment Co. has invested $12.9 billion in artificial intelligence and digitalisation, followed by Kuwait Investment Authority’s $6 billion and Qatar Investment Authority’s $4 billion in 2025.

The Middle East remains a hotspot for sovereign wealth fund wealth. The seven major Gulf wealth funds accounted for 43 percent ($126 billion) of all capital invested by state-owned investors globally; This is a historical maximum.

In particular, Saudi Arabia’s Public Investment Fund became the largest deal maker of 2025 with a commitment of $36.2 billion. Still, PIF’s participation in the acquisition of Electronic Arts Inc. accounted for the bulk of that figure.

Abu Dhabi’s Mubadala, which was excluded from this deal, became the most active sovereign wealth fund, investing a record $32.7 billion in 40 transactions, according to the report.

Sovereign investors, a term that includes other entities such as public pension funds, have gained ground in 2025 in a market with strong returns for investors in fixed income, public equities, real estate and infrastructure, according to the Global SWF.

The United States stands out with $13.2 trillion in assets managed by state investors, followed by China with $8.2 trillion and the United Arab Emirates with $2.9 trillion.

The number one destination for state-owned investments overall, by some margin, is the United States, attracting about $131.8 billion in 2025, compared to $68.9 billion the previous year, the report said. Investments by state-owned investors in China fell from $10.3 billion to $4.3 billion in 2024.

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