Norway's $1.6 trillion sovereign wealth fund will not invest in private equity due to concerns about fees, transparency, and consensus.

Norway's $1.6 trillion sovereign wealth fund will not invest in private equity, as the government said it does not wish to open for unlisted equities at this time. The decision was made due to concerns about higher fees, lower transparency of information, and the need for a broad political consensus. The finance ministry plans to establish an independent expert council to advise on future decisions related to the fund's investment in unlisted equities.