Norges Bank Investment Management

Overview

Asset-management arm of Norges Bank responsible for Norway’s sovereign wealth fund.¹

Invests petroleum-revenue savings abroad for current and future generations.¹

Estimated AUM: NOK 21.3T as of Dec 31, 2025³
Capital pool: Norwegian sovereign wealth fund manager²
Investment model: External mandates We use external managers to handle parts of the fund's equity investments.¹
Investment approach: Global listed equities, fixed income, real estate, and renewable infrastructure within a government mandate.¹
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: real estate, infrastructure, public markets, fixed income.¹
Performance: Not listed yet
Governance: Norges Bank’s Executive Board issues a strategic plan for the management of the fund, including the main strategies that Norges Bank Investment Management is to employ in pursuit of our goal of the highest possible return.¹
Investment team: With few exceptions, these are single-country mandates where the portfolio manager is based locally in the same country as the mandate.⁴
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 4, 2026 · Verified

Last verified Jul 4, 2026 from public career and organization materials.

Website (nbim.no)Parent organization overview, Pool purpose, Investment model, Investment approach, Asset allocation, Governance · checked Jul 4, 2026
Manual research (nbim.no)Institution type, Capital pool, Headquarters · checked Jul 4, 2026
Website (nbim.no)Estimated AUM · checked Jul 4, 2026
Job posting (nbim.no)Investment team · checked Jul 4, 2026
Website (nbim.no)Investment office page · checked Jul 4, 2026