A new survey reveals that the world’s largest sovereign wealth funds are increasingly reallocating assets towards private equity, credit, and infrastructure to enhance resilience and capitalise on emerging AI and energy themes, marking a significant shift from traditional risk management strategies.
For sovereign wealth funds, the old playbook for balancing risk is losing some of its power. According to Invesco’s latest survey of 90 sovereign wealth funds, cited this week by the Financial Times and discussed by Alt Goes Mainstream, a net 17% of respondents plan to trim exposure to listed equities this year, while a net 28% to 35% expect to add to private equity, private credit and infrastructure.
That shift reflects a broader rethinking among the world’s largest allocators. The survey suggests growing unease not only about the extraordinary concentration in public markets, but also about the assumption that bonds will reliably offset equity losses. In a market where the largest US stocks now dominate a far greater share of the S&P 500 than they did a decade ago, many investors are looking for assets that are less tethered to the same public-market forces.
Private credit and infrastructure appear to be the clearest beneficiaries. Invesco found that a net 28% of sovereign wealth funds plan to increase private credit exposure in 2026, while infrastructure continues to attract rising interest after two years of already elevated appetite. Semafor reported that infrastructure has been the fastest-growing alternative allocation over the past five years, with Middle Eastern investors especially active.
The appeal is not just diversification. The Invesco survey points to a growing belief that the AI build-out is creating long-duration opportunities in power, data centres, grids and other hard assets. One Middle Eastern sovereign wealth fund told Invesco that “the AI wave is currently best captured in private credit and infrastructure opportunities.” That view sits alongside a wider focus on energy security, energy transition assets and other critical infrastructure themes.
DealsPlus, a company serving private equity firms, is using that same logic of simplification and control to tackle a different problem: the operational mess that still surrounds complex ownership structures. The firm says it helps fund managers replace spreadsheets and scattered files with a single digital record of investment structures, supporting quarterly reporting, audits, compliance and exits. On its website, DealsPlus says the approach can save users more than 75% of the time spent on portfolio management and transaction workflows, while also improving accuracy and traceability.
The company says its platform is built by private markets specialists and software engineers with more than 40 years of combined experience, and draws on work across more than 300 private market transactions. That background matters in a sector where even basic reporting can become a scramble when investors, auditors or regulators ask for answers.
The bigger lesson for allocators, though, is that resilience is becoming an active design choice rather than a by-product of traditional portfolio construction. In a world shaped by concentration, changing correlations and heavier capital needs for infrastructure and AI, sovereign wealth funds appear to be leaning further into assets that offer scale, duration and inflation protection. Private markets are no longer merely an opportunistic sleeve; for many of the largest investors, they are becoming central to how resilience is built.
- https://altgoesmainstream.substack.com/p/agm-alts-weekly-7526-building-resilient – Please view link – unable to able to access data
- https://dealsplus.io/how-it-works.html – DealsPlus offers a comprehensive solution for private equity funds to digitise investment and ownership structures, streamlining workflows such as quarterly valuations, audits, compliance, and exits. By centralising data, it reduces manual processes and enhances efficiency, providing role-based access to stakeholders and ensuring up-to-date, traceable records. This approach saves significant time and resources, with users reporting over 75% time saved on portfolio management and transaction-related workflows, and an 8-10x return on investment over a five-year period.
- https://www.dealsplus.io/why-dealsplus.html – DealsPlus addresses the challenges faced by private equity funds in managing complex investment structures. Traditional methods often involve scattered Excel files and manual reconciliation, leading to inefficiencies and errors. By providing a single source of truth, DealsPlus ensures that all investment structures are up-to-date and accessible, facilitating smoother quarterly valuations, audits, and exits. This digital transformation not only saves time but also enhances accuracy and scalability, with users experiencing significant reductions in manual work and improved operational efficiency.
- https://www.dealsplus.io/about.html – DealsPlus is led by a team of private market specialists and software engineers with over 40 years of combined experience. The team has worked on more than 300 private market transactions across the investment lifecycle, providing deep insights into the challenges of managing complex capital structures. Their expertise drives the development of DealsPlus, aiming to bring order to the complexities of deal closings, post-deal investment structure management, and portfolio exits, thereby enhancing value and efficiency for private equity funds.
- https://www.dealsplus.io/blog/dealsplus-a-single-source-of-truth-for-private-equity-investment-structures/ – DealsPlus serves as a single source of truth for private equity investment structures, equipping fund finance, transaction, and portfolio teams with accurate data at their fingertips. The platform streamlines workflows such as equity valuations, fund audits, and depository bank confirmations by centralising portfolio ownership data. This centralisation enhances accuracy and efficiency in financial reporting and compliance processes, reducing manual work and the risk of errors, and enabling teams to focus on strategic decision-making.
- https://www.dealsplus.io/blog/how-smart-private-equity-funds-use-dealsplus-to-drive-value-efficiency/ – DealsPlus is transforming private equity by digitising complex investment and capital structures, often referred to as the ‘messy middle.’ By centralising data, it streamlines processes like equity valuations, reporting, audits, and exits, reducing inefficiencies and creating lasting value across funds and their portfolios. The platform provides real-time access to clean, structured data, enabling smarter decision-making and more meaningful communication with management teams, LPs, co-investors, and external advisors, thereby driving value and efficiency in private equity operations.
- https://www.semafor.com/article/06/29/2026/sovereign-wealth-funds-pivot-to-private-markets-and-infrastructure – Sovereign wealth funds are increasingly shifting towards private markets and infrastructure investments, with Middle Eastern investors leading this trend. A global survey by Invesco revealed that infrastructure allocations have grown faster than any other alternative asset class over the past five years. The survey also highlighted that all Middle Eastern investors viewed AI as a transformative technology, with a focus on AI infrastructure and semiconductors as major long-term investment opportunities, indicating a strategic pivot towards sectors poised for significant growth.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article was published on July 5, 2026, which is recent. However, it references a Financial Times article and an Invesco survey from June 29, 2026. The Financial Times article is not directly accessible, and the Invesco survey is behind a paywall, making it challenging to verify the exact content. This reliance on secondary sources raises concerns about the freshness and originality of the information presented.
Quotes check
Score:
6
Notes:
The article includes a direct quote attributed to a Middle Eastern sovereign wealth fund: “the AI wave is currently best captured in private credit and infrastructure opportunities.” However, this quote cannot be independently verified due to the lack of access to the original Invesco survey and the absence of direct citations. The unverifiable nature of this quote diminishes the credibility of the article.
Source reliability
Score:
5
Notes:
The primary source of the article is a Substack newsletter, which is a platform for individual and independent writers. While Substack allows for diverse perspectives, it lacks the editorial oversight and fact-checking processes of established news organisations. The article also references a Financial Times article and an Invesco survey, both of which are behind paywalls, limiting the ability to verify the information independently. This reliance on secondary sources and the lack of access to original materials raise concerns about the reliability of the information presented.
Plausibility check
Score:
7
Notes:
The claims about sovereign wealth funds shifting investments towards private equity, private credit, and infrastructure align with broader industry trends and reports from other sources. However, the specific figures and quotes presented in the article cannot be independently verified due to the lack of access to the original Invesco survey and the Financial Times article. This lack of verification introduces uncertainty about the accuracy of the specific claims made.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article presents claims about sovereign wealth funds shifting investments towards private equity, private credit, and infrastructure, citing an Invesco survey and a Financial Times article. However, both primary sources are behind paywalls, and the article relies on a Substack newsletter for reporting. The lack of access to original materials and the reliance on secondary sources raise significant concerns about the freshness, originality, and reliability of the information presented. Additionally, the unverifiable quote attributed to a Middle Eastern sovereign wealth fund further diminishes the credibility of the article. Given these issues, the article cannot be considered fully reliable without further independent verification.