National Wealth Fund

Track Record

8 Deals

Total Volume

£3,421,200,000

Deal Activity Timeline

2025

2026

Top sectors: Industrials & Energy ×2 CleanTech & Energy / BatteryTech / Advanced Materials ×1 Energy & Utilities ×1 Healthcare & Biotech ×1 DeepTech & AI ×1

Recent Transactions

VC Funding

Sept 2026

Nexeon

£100,000,000

Lead: Korea Development Bank

Lead: Honda Xcelerator Ventures

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N/A if unsure

May 2026

Cornish Metals

£52,000,000

Lead: Vision Blue Resources

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VC Funding

Apr 2026

Rolls-Royce SMR

£599,000,000

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VC Funding

Mar 2026

Oxa

£77,200,000

Lead: NVIDIA's NVentures

Lead: IP Group

Lead: Hostplus

Lead: BP Ventures

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VC Funding

Jan 2026

Oxa

£28,000,000

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VC Funding

Aug 2025

Eelpower

£200,000,000

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VC Funding

Jul 2025

CityFibre

£2,300,000,000

Lead: Natwest

Lead: Goldman Sachs Alternatives

Lead: Antin Infrastructure Partners

Lead: Société Générale

Lead: ING

Lead: Intesa Sanpaolo

Lead: Lloyds Bank

Lead: SEB

Lead: Interogo Holding

Lead: BBVA

Lead: Crédit Agricole CIB

Lead: ABN AMRO

Lead: Mubadala Investment Company

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VC Funding

Feb 2025

Connected Kerb

£65,000,000

Lead: Aviva Investors

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