Reviewed by hand · Published dailyAllocator CareersUpdated Jul 21, 2026
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Sovereign wealth

Pula Fund (Botswana)

Commodity-based (diamond/mineral revenue) sovereign wealth fund, managed as part of national foreign exchange reserves1Gaborone.

Overview

Read about Botswana's Adherence to the Santiago Principles Performance The Pula Fund has increased substantially in value (when measured in both domestic and foreign currency) in real terms since it was established in 1994.1

Pula Fund (Botswana)'s investment capital supports sovereign or public-sector financial objectives.1

Investment program

Estimated AUM
$2B as of Oct 31, 20252
Capital pool
Commodity-based (diamond/mineral revenue) sovereign wealth fund, managed as part of national foreign exchange reserves1
Investment model
Not listed yet1
Investment approach
Source of funds The Pula Fund is a long-term fund and forms part of the overall foreign exchange reserves.1
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: infrastructure, public markets, fixed income.3
Performance
Not listed yet
Governance
Who We Are Board Members Advisory Committee Secretariat Contact What We Do Standard Setting Knowledge Sharing Representation Members Who Are Our Members?1
Investment team
Not listed yet1
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (bankofbotswana.bw)Parent organization overview, Pool purpose, Capital pool, Investment model, Investment approach, Governance, Investment team, Investment office page · checked Jul 25, 2026
  2. Financial statements (bankofbotswana.bw)Estimated AUM · checked Jul 25, 2026
  3. Website (ifswf.org)Asset allocation · checked Jul 25, 2026

Reports and filings

Profile and job sources

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