The Keys to Sovereign Development Fund Success: Innovation, Collaboration & Commercial Focus

21 Pages Posted: 5 Jul 2023

See all articles by Carter Casady

Carter Casady

Stanford University, Center for Sustainable Development and Global Competitiveness

Rajiv Sharma

Stanford University

Ashby Monk

Stanford University

Date Written: July 1, 2023

Abstract

Sovereign development funds (SDFs) and strategic investment funds (SIFs) have become increasingly important investment vehicles for sustainable development. This paper explores how the design and governance of these funds aligns institutional capital with large, long-term investments such as infrastructure, all while yielding high commercial returns for institutional investors. Using the National Investment and Infrastructure Fund (NIIF) of India as a case study, this paper demonstrates how SIFs can crowd-in private capital into strategic assets via collaborative investment models. The paper thus offers a blueprint for how large, long-term institutional capital can be channeled into long-term projects that support economic growth and innovation.

Keywords: sovereign development funds; strategic investment funds; collaborative model; crowding-in; infrastructure; institutional investment

Suggested Citation

Casady, Carter and Sharma, Rajiv and Monk, Ashby, The Keys to Sovereign Development Fund Success: Innovation, Collaboration & Commercial Focus (July 1, 2023). Available at SSRN: https://ssrn.com/abstract=4497428 or http://dx.doi.org/10.2139/ssrn.4497428

Carter Casady

Stanford University, Center for Sustainable Development and Global Competitiveness ( email )

United States

Rajiv Sharma

Stanford University ( email )

Stanford, CA 94305
United States

Ashby Monk (Contact Author)

Stanford University ( email )

United States

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