Topic hub
Institutional investors
An institutional investor is an organisation that invests a large pool of capital under a formal mandate for others, such as pension members, policyholders, a charitable mission or a state. In private markets, institutional investors commit capital to funds as limited partners. This hub covers the main types of institutional allocator, the advisers and intermediaries that work for them, and the governance and rules that shape how they invest.
Allocator types come first: pension funds, endowments, foundations and sovereign wealth funds. Advisers include the investment consultant, the outsourced CIO and the registered investment adviser. Governance covers the investment committee. Regulation covers ERISA and the plan asset rules, whose scope is set out in their own entries.
Not in this hub: Family offices have their own hub. Placement agents, which work for fund managers rather than investors, are in Fundraising.
Reference index
Definition:
Allocator types
4 concepts- Pension Fund
- Endowment
- Foundation
- Sovereign Wealth Fund (SWF)
A sovereign wealth fund (SWF) is a special-purpose investment fund or arrangement owned by a government and created for macroeconomic purposes, which manages public assets to meet financial objectives and invests at least partly in foreign financial assets.