The Public Institution For Social Security (PIFSS; Arabic:المؤسسة العامة للتأمينات الاجتماعية‎) is the public

pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

of the state of

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...

, it was founded in 1955 and counts 11 subsidiaries and 45 documented transactions. In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020. The current worth of the assets of the PIFSS is estimated at $134 billion. It recorded its best ever annual performance year in 2021, recording a 20.9% growth in its assets.

Investments

The pension fund owns 25% of the U.S. private equity firm Stone Point Capital, 25% of Oak Hill Advisors and 10% of

TowerBrook Capital Partners TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Man ...

References

{{Reflist Government of Kuwait Social security