Public Institution for Social Security Fund explained

Public Institution For Social Security Fund
Formation:	1976
Headquarters:	Kuwait City, Kuwait
Leader Title:	Director general
Leader Name:	Meshal Al-Othman

The Public Institution For Social Security (PIFSS; Arabic: المؤسسة العامة للتأمينات الاجتماعية‎) is the public pension fund of the state of Kuwait. It was founded in 1976 and counts 11 subsidiaries and 45 documented transactions.^[1] In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020.^[2]

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.^{[3] [4]}

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.^[5]

Notes and References

1. Web site: Public Institution For Social Security . 2023-12-11 . www.pifss.gov.kw . Public Institution For Social Security.
2. Web site: 2021-06-23. Kuwait's $134 billion pension fund has record gain in turnaround. 2021-09-12. Pensions & Investments. en.
3. News: 2021-06-23. Kuwait's $134 Billion Pension Fund Has Record Gain in Turnaround. en. Bloomberg.com. 2021-09-12.
4. News: Kuwait's Pension Fund Has Record Gain in Turnaround. pension policy international.
5. News: Kuwait pension fund posts record first-quarter investment profit. Arabianbusiness. Arabianbusiness.