Brunei Investment Agency is a government-owned investment organization that holds and manages the country of Brunei’s general reserve fund.
Brunei Investment Agency is a government-owned investment organization that holds and manages the country of Brunei’s general reserve fund.Brunei Investment Agency was created to control Brunei's general reserve funds, grow its external holdings, diversify its revenue base, and hedge export revenues from energy and commodity price volatility. The country of Brunei–the full name is Brunei Darussalam, which in Arabic means “Abode of Peace”–is located on the northwestern edge of the island of Borneo. Brunei is an oil-rich country and a huge exporter of energy resources: oil and gas account for almost 90 percent of Brunei’s exports, and 90% of government revenue. Hence, the funds deposited with the BIA are primarily surplus revenues from Brunei's oil exports in the form of foreign reserves, which the Brunei Investment Agency manages via a sovereign wealth fund (SWF). In 2018, the Brunei Investment Agency had approximately $170 billion in assets under management (AUM), according to the U.S. State Department.
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Jun 8, 2022
Kissht
|
Series Unknown | $80M | Credit | Yes |