National Wealth Fund (United Kingdom)

The National Wealth Fund (NWF), formerly the UK Infrastructure Bank, is the sovereign wealth fund of the United Kingdom. The fund is publicly owned; its sole shareholder is the Treasury Solicitor in the capacity of HM Treasury. The goal of the fund is to invest alongside the private sector in projects within the United Kingdom. The bank has a total capitalisation of £27.8 billion. The fund is a "strategic" sovereign wealth fund, targeting non-financial objectives such as development goals. However, the fund's classification as a sovereign wealth fund is contentious.