Crown Heritage Investment Fund
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| CHIF | |
| Sovereign wealth fund | |
| Founded | June 12, 1976 |
| Headquarters | , |
Key people | Justine Greening (CEO) Teddy Scott (Chairman) |
| AUM | $2.089 trillion |
| Owner | Government of the United Kingdom |
| Parent | HM Treasury |
| Subsidiaries | Financial services: HSBC, Lloyds Banking Group, Barclays, Standard Chartered, ING Group Automotive: Volskwagen Group, Rolls-Royce Holdings Aviation: British Airways, KLM, Luxair, Qantas, Air Canada Technology and innovation: ASML Holding, Adyen, Prosus, ASOS, Sage Group Energy and utilities: Shell, Philips, BP, SSE Healthcare and pharmaceuticals: AstraZeneca, GlaxoSmithKline, Smith & Nephew, ASML Holding, Philips Food and agriculture: Unilever, Heineken, Diageo, Compass Group, Tesco Creative industries: RELX, WPP, ITV, Wolters Kluwer, Just Eat Takeaway.com |
The Crown Heritage Investment Fund (CHIF) is the sovereign wealth fund of the United Kingdom. Established by the British government in 1976 to initially manage the revenue generated by the North Sea oil, it has since expanded and diversified into various industries including finance, technology, energy, and healthcare. With an estimated $2.08 trillion in assets, it is the largest sovereign wealth fund in the world and also one of only two alongside the Government Pension Fund of Norway to be valued at $1 trillion and above. Overall, its main aims include investing funds on behalf of the British government, strengthen the British economy, as well as preserve and enhance the purchasing power of the United Kingdom's foreign reserves.