Other · $1.8tn AUM
Norges Bank Investment Management (NBIM)
Mandate & appetite
- Preferred strategies
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- Target geographies
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- Typical ticket
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- AUM
- $1.8tn
- Real-asset allocation
- Infra 5%
- Appetite
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Investor profile
In 2025, NBIM merged its real assets and equities teams, with the combined division known as Active Strategies
Similar investors
Comparable allocators
Sovereign Wealth · $1.5tn AUM
Norges Bank Investment Management
Oslo, Norway
Norges Bank Investment Management (NBIM) manages the Norwegian Government Pension Fund Global, the world's largest sovereign wealth fund at ~NOK 19 trillion (~$1.8 trillion USD). Invests in equities, fixed income, real estate and renewable energy. Real estate portfolio: approximately 2-3% of total fund. Active LP and direct co-investor globally. NBIM Strategy 28 broadens RE allocation into living sector + platforms/funds; backing Azora bid for €500m+ prime Spanish resi portfolio (1,910 units, Madrid/Málaga/Seville/Bilbao). New global head RE Alex Knapp (ex-Hines Europe CIO) since 2025.
Other · $1.8tn AUM
Norges Bank Investment Management (NBIM)
Oslo, Norway
Norwegian sovereign wealth fund (Government Pension Fund Global). Acquired 40% stake in Axa Lifestyle Housing (Boost Society student accommodation platform, primarily France and Spain) confirming active European PBSA allocation. One of the world's largest sovereign wealth funds with broad real estate exposure.
Sovereign Wealth
Norges Bank Investment
Norway
Other
Norges Bank Investment Management
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Other
DNB Real Estate Investment Management
Oslo, Norway
Real estate investment management arm of DNB Asset Management (subsidiary of DNB ASA). IPE Real Estate Award 2026 winner. Nordic-focused real estate strategies for institutional clients.
Pension · $300m AUM
DNB DC investment profiles
Norway
Institutional investor. based in Norway. LP type: pension. AUM approximately 0.3 USD billion. Asset class focus: Infrastructure. Active real asset investor