Sovereign Wealth Fund

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Future Generations Reserve Fund

Future Generations Reserve Fund is a sovereign wealth fund based in Manama, Bahrain. It manages assets valued at approximately $627 million. Its regional focus...

Future Generations Reserve Fund logo

Future Generations Reserve Fund

Future Generations Reserve Fund is a sovereign wealth fund based in Manama, Bahrain. It manages assets valued at approximately $627 million. Its regional focus is the Middle East.

General information

Firm type

Sovereign Wealth Fund

Year founded

2006

Location

Region

Middle East

Country

Bahrain

City

Manama

Corporate office

Manama, Bahrain

Principals

Shaikh Salman bin Khalifa Al Khalifa

Chairman of the Board of Directors

Shaikh Ali bin Salman Al Khalifa

Chief Executive Officer

Yousef Abdullah Humood

Deputy Chairman of the Board

Najla Mohammad Al Shirawi

Board Member

Sector focus

Real EstateInfrastructurePrivate EquityHedge FundsEnergy Transition & Renewables

Frequently asked questions

How is the Future Generations Reserve Fund capitalized?

The fund receives contributions from the Bahraini government's budget, sourced from oil and gas revenues. The precise contribution formula is set annually as part of the national budget process, determined by the Ministry of Finance and approved by Parliament. This statutory mechanism distinguishes the fund from peers that receive automatic revenue allocations outside legislative review.

What is the fund's governance relationship with the Bahraini government?

The fund operates under the Ministry of Finance and National Economy. The Minister chairs the board, and the Undersecretary of Financial Affairs serves as Deputy Chairman. The Economic Development Board's CEO also holds a board seat. This structure places investment decisions within the fiscal-policy apparatus, subject to parliamentary budget oversight rather than as a standalone royal entity.

Does the fund hold any significant domestic real estate assets?

Yes. The Future Generations Tower in Bahrain Bay, Manama, is a known commercial property held directly by the fund. The asset anchors part of the portfolio in domestic real estate and serves as a visible, long-duration holding alongside the broader global investment portfolio.

Is the fund a signatory to the Santiago Principles?

Yes. The Future Generations Reserve Fund is a signatory to the Santiago Principles and a member of the International Forum of Sovereign Wealth Funds. This commits the fund to publicly disclosed governance standards, investment policies, and transparency practices consistent with best practice among global sovereign wealth funds.

What investment instruments does the fund use internationally?

The fund deploys through a combination of external manager mandates and direct co-investments. Its global book spans public equities, fixed income, private equity, real estate, and infrastructure. The geographic footprint includes North America, Europe, and Asia, managed with a multi-asset, long-horizon orientation.

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