Sovereign Wealth Funds and Investment Authorities

This group collects the National Treasuries and Fiscal Authorities subcategory's members that are a state-owned investment fund or investment authority managing a country's surplus reserves, oil and gas revenue, or public savings on the state's behalf: sovereign wealth funds such as Norway's Government Pension Fund Global and Saudi Arabia's Public Investment Fund, along with US state-level permanent funds and state investment holding companies. It is kept apart from National Development Banks, whose members lend to finance domestic development projects rather than invest a state's own accumulated surplus.