Allocator CareersUpdated Jul 21, 2026
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Sovereign wealth

State Oil Fund of the Republic of Azerbaijan (SOFAZ)

Sovereign wealth fund (oil/gas revenue fund)1 — Baku.

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Overview

SUMMER INTERNSHIP PROGRAM The State Oil Fund of the Republic of Azerbaijan (SOFAZ) contributes to the national strategy of transforming oil and gas capital into human capital.1

State Oil Fund of the Republic of Azerbaijan (SOFAZ)'s investment capital supports sovereign or public-sector financial objectives.1

Investment program

Estimated AUM
$73.5B as of Mar 31, 20262
Capital pool
Sovereign wealth fund (oil/gas revenue fund)1
Investment model
SOFAZ uses external managers for part of its assets. Its official page states that up to 60% may be externally managed and that seven external managers currently manage part of the assets.3
Investment approach
Investment policy defines the objectives, forecasted size, currency composition, strategic asset allocation, benchmarks and risk limits for the SOFAZ’s investment portfolio.4
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: real estate.2
Performance
Not listed yet
Governance
450 dated December 28, 2018 and "Investment Policy of the State Oil Fund of the Republic of Azerbaijan" approved by Presidential decrees on an annual basis.1
Investment team
SOFAZ’s Investment Department develops investment strategies and constructs and manages portfolios. Its structure includes a director and deputy director and divisions for fixed income and money markets, real estate, and equity and alternative investments.5
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 (oilfund.az)Parent organization overview, Pool purpose, Capital pool, Governance · checked Jul 25, 2026
  2. Annual report (oilfund.az)Estimated AUM, Asset allocation · checked Jul 25, 2026
  3. Website (oilfund.az)Investment model · checked Aug 6, 2026
  4. Website (oilfund.az)Investment approach, Investment office page · checked Jul 25, 2026
  5. Other source (oilfund.az)Investment team · checked Aug 6, 2026

Reports and filings

Profile and job sources