Strategic Investment Funds : Opportunities and Challenges

Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic poli...

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Main Authors:	Halland, Havard, Noel, Michel, Tordo, Silvana, Kloper-Owens, Jacob J.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	Strategic Investment Fund Sovereign Development Fund private equity fund venture capital fund Sovereign Wealth Fund infrastructure investment private equity blended financing fiscal policy public finance public investment climate finance green finance public-private partnership capital stock
Online Access:	http://documents.worldbank.org/curated/en/2016/10/26843274/strategic-investment-funds-opportunities-challenges http://hdl.handle.net/10986/25168

id	okr-10986-25168
recordtype	oai_dc
spelling	okr-10986-251682021-06-14T10:11:53Z Strategic Investment Funds : Opportunities and Challenges Halland, Havard Noel, Michel Tordo, Silvana Kloper-Owens, Jacob J. Strategic Investment Fund Sovereign Development Fund private equity fund venture capital fund Sovereign Wealth Fund infrastructure investment private equity blended financing fiscal policy public finance public investment climate finance green finance public-private partnership capital stock Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic policy objectives while also securing commercial financial returns—the so-called double bottom line. Through the review of the objectives, investment strategies, and operations of a sample of strategic investment funds, this paper outlines ways in which these challenges have been addressed. The paper suggests that properly structured and managed strategic investment funds can be effective vehicles for crowding in private investors to priority investments, thus magnifying the impact of public capital. However, their success rests on the funds' ability to balance policy and commercial objectives, source investment opportunities, and secure the right fund management capacity. 2016-10-17T16:36:39Z 2016-10-17T16:36:39Z 2016-10 Working Paper http://documents.worldbank.org/curated/en/2016/10/26843274/strategic-investment-funds-opportunities-challenges http://hdl.handle.net/10986/25168 English en_US Policy Research Working Paper;No. 7851 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	Strategic Investment Fund Sovereign Development Fund private equity fund venture capital fund Sovereign Wealth Fund infrastructure investment private equity blended financing fiscal policy public finance public investment climate finance green finance public-private partnership capital stock
spellingShingle	Strategic Investment Fund Sovereign Development Fund private equity fund venture capital fund Sovereign Wealth Fund infrastructure investment private equity blended financing fiscal policy public finance public investment climate finance green finance public-private partnership capital stock Halland, Havard Noel, Michel Tordo, Silvana Kloper-Owens, Jacob J. Strategic Investment Funds : Opportunities and Challenges
relation	Policy Research Working Paper;No. 7851
description	Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic policy objectives while also securing commercial financial returns—the so-called double bottom line. Through the review of the objectives, investment strategies, and operations of a sample of strategic investment funds, this paper outlines ways in which these challenges have been addressed. The paper suggests that properly structured and managed strategic investment funds can be effective vehicles for crowding in private investors to priority investments, thus magnifying the impact of public capital. However, their success rests on the funds' ability to balance policy and commercial objectives, source investment opportunities, and secure the right fund management capacity.
format	Working Paper
author	Halland, Havard Noel, Michel Tordo, Silvana Kloper-Owens, Jacob J.
author_facet	Halland, Havard Noel, Michel Tordo, Silvana Kloper-Owens, Jacob J.
author_sort	Halland, Havard
title	Strategic Investment Funds : Opportunities and Challenges
title_short	Strategic Investment Funds : Opportunities and Challenges
title_full	Strategic Investment Funds : Opportunities and Challenges
title_fullStr	Strategic Investment Funds : Opportunities and Challenges
title_full_unstemmed	Strategic Investment Funds : Opportunities and Challenges
title_sort	strategic investment funds : opportunities and challenges
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/10/26843274/strategic-investment-funds-opportunities-challenges http://hdl.handle.net/10986/25168
_version_	1764458725235490816

Strategic Investment Funds : Opportunities and Challenges

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