Future Fund

Future Fund

Sovereign wealth fund investing long-term

Overview

Future Fund is Australia’s sovereign wealth fund that manages over $300 billion across seven public asset funds to support the government’s long-term financial position and future generations. It invests globally and partners with leading investment organizations to access the best ideas, aiming for strong risk-adjusted returns over the long term. It differs from others by being government-owned and prioritizing national interests and long-term outcomes, with a collaborative and inclusive culture. Its goal is to generate solid long-run returns while funding programs like medical research, Indigenous Australians, drought resilience, disaster relief, and the National Disability Insurance Scheme.

About Future Fund

Simplify's Rating
Why Future Fund is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Company Size

201-500

Company Stage

N/A

Total Funding

$2.4B

Headquarters

Melbourne, Australia

Founded

2006

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Simplify's Take

What believers are saying

  • June 2026 assets reached A$356 billion, with A$37.4 billion annual value growth.
  • Australian equities rose to A$30.4 billion, expanding domestic influence and local deal access.
  • Transgrid stake and infrastructure allocations deepen energy-transition expertise and long-duration cash generation.

What critics are saying

  • Raphael Arndt exits December 2026, forcing succession during peak-performance momentum.
  • Blue Owl hired Future Fund deputy CIO Alicia Gregory, signaling talent leakage to rivals.
  • Heavy private markets and infrastructure exposure risks illiquidity if 2027 valuations reset sharply.

What makes Future Fund unique

  • A$356 billion sovereign investor; 14.8% FY2026 return beat 8.0% mandate.
  • New Investment Order drives active, diversified allocations across equities, private markets, infrastructure, commodities.
  • Transgrid and Joondalup deals show direct access to scaled Australian asset ownership.

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Funding

Total Funding

$2.4B

Above

Industry Average

Funded Over

0 Rounds

Company News

The Straits Times
Aug 26th, 2026
Australia's sovereign wealth fund CEO Raphael Arndt steps down.

Australia's sovereign wealth fund CEO Raphael Arndt steps down. Future Fund CEO Raphael Arndt will step down at the end of 2026 after a six-year tenure to return to the private sector. Published Aug 26, 2026, 10:23 AM Updated Aug 26, 2026, 11:38 AM Australia's sovereign wealth fund, the Future Fund, said on Aug 26 that chief executive officer Raphael Arndt will step down at the end of 2026 after a six-year tenure to return to the private sector. Chairman Greg Combet did not name a successor to the A$356 billion (S$324 billion) fund in the statement. Arndt is the longest-serving CEO in the 20-year history of the fund, and was its chief investment officer for six years before taking the top role. "I leave the Future Fund with a highly capable leadership team that is supported by a strong board," Arndt said. The fund delivered a 14.8 per cent return in the year ended June 30, above the government-mandated target of 8.0 per cent and the 12.2 per cent in 2025, according to its latest portfolio update released on Aug 26. Its assets climbed to A$356 billion at the end of June from A$337.2 billion three months earlier. Investments in Australian equities rose to A$30.4 billion from A$28.7 billion. REUTERS

Capital Brief
May 20th, 2025
Future Fund buys 10% Transgrid stake from OMERS

The Future Fund Board of Guardians has acquired half of OMERS’ stake in Transgrid.

IPE International Publishers Ltd
Aug 1st, 2024
Future Fund sells Lakeside Joondalup mall stake to Vicinity Centres

Future Fund sells Lakeside Joondalup mall stake to Vicinity Centres.

Haymarket Media Limited
Jul 26th, 2024
Weekly roundup of people news, July 26

Richards joins from Fortlake Asset Management, where she was deputy chief investment officer and board member since the firm's inception four years ago.

The Recursive
Jul 17th, 2024
.lumen Secures €4M, Launches New Funding Round

Romanian startup .lumen, focused on enhancing mobility for the blind, secured €4M from Venture to Future Fund and the European Innovation Council. They announced an additional €1M funding round on SeedBlink. Founded in 2020 by Cornel Amariei, .lumen aims to launch a limited series of their AI-powered Glasses in Q4 2024 and enter the USA market in Q4 2025, targeting 10K units sold by 2026. The company is supported by a team of 50 experts.

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