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Norway’s parliament just decided to re-examine whether the country’s $850B wealth fund should invest in infrastructure.
The government had decided against any expansion into infrastructure investment, but after unanimous recommendations from the Finance Committee, the question is again open, the Wall Street Journal reports. The investor recently sought approval to expand its mandate and be allowed to invest as much as 5% of its funds into infrastructure.
The request is similar to what happened in 2010, when the fund was given the green light to invest 5% of its assets into real estate. Six years later, Norway’s wealth fund has amassed a $28B portfolio of top-tier properties in Paris, London and NYC. [Bloomberg]
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