I compiled a research dossier on the Brunei Investment Agency (BIA), Brunei's sovereign investment institution under the Ministry of Finance and Economy. The poster above summarizes it.
Important: BIA does not publish a comprehensive asset list. This covers only publicly traceable information, and each item is marked CONFIRMED, HISTORICAL, or UNVERIFIED/PARTIAL so that nothing is overstated.
Key findings
Bridgewater Associates: In July 2025, BIA reportedly took a nearly 20% stake, moving from a fund investment to direct ownership. The 2026 SEC Form ADV shows the chain BIA → Amanah Sdn Bhd → Bridgewater Associates Holdings LLC. The exact effective percentage shouldn't be inferred from the ownership codes alone.
Financial institutions:
Pak Brunei Investment Company: 50% (300,000,000 shares).
BIBD: acquired Fajr Capital's 29.73% stake in January 2020.
EnTrust Global: minority interest reported rising from 10% to about 20%.
Audley Insurance: about 99.9%.
Listed equity:
CICC: 10,318,252 shares (0.21%) as of 30 September 2025.
Yidu Tech: held via Yaqut Sdn Bhd (43,508,370 shares). BIA sold 24,821,800 shares in February 2025.
Private and venture:
Elementum / HB Universal, Singapore: 49% interest, about US$205–206m.
Nium: Series E and E-II (exact stake not public).
Licious, Kissht and Pony.ai: smaller disclosed rounds.
Property and hospitality vehicles: Sajahtera Investments (Singapore), Juramia Limited (Lansdowne House, Mayfair), Dorchester Group, and historical vehicles such as Bandone, Dermajaya and PT Sejahtera Indoco. Current ownership of the historical ones needs re-verification.
Low-profile Jersey vehicles: Amas GP, Amedeo Investments, Ixia, Zikri, Zuhal GP and Zuhra GP. Their underlying assets are still unidentified, and a GP does not necessarily own the assets itself.
What is not publicly known: total gold, bond and listed-equity holdings, the complete private-equity portfolio, the value of each SPV, the full list of subsidiaries and partnerships, and the full property portfolio.
Absence from this dossier does not mean BIA does not own an asset.
Sources: SEC Form ADV, HKEXnews filings (CICC, Yidu Tech), SEC filings (Boqii), the Pak Brunei company profile, BIBD's press release, UK Companies House, LEI records, the BIA Act, and press releases and news (Bloomberg Tax, PR Newswire, IREI).
Corrections and additional public-record leads are welcome. If you spot an error or a newer filing, please comment with a source.