The pool everyone needs is getting bigger — and more concentrated — 9 September 2026

The world’s 300 largest pension funds ended last year with a record $27.7 trillion, and the top 20 held $11.9 trillion of it. Around that increasingly concentrated pool: India’s sovereign-anchored NIIF hires a Global Head of Capital Formation; Indonesia moves a railway’s debt off its sovereign fund for zero consideration at an unpublished rate; Britain pays its highest 30-year yield since 1998 while planning a smaller long-dated programme; and two pension funds sell a decade-old infrastructure holding without disclosing a number. Full edition at universalassetowners.com.