Norwegian Oil Fund Shifts from Private Ventures to Listed Equity in Logistics REITs

NBIM disclosed a 1.3% stake in Prologis and 8.3% in Segro as of 30 June 2026. The positions, confirmed 21 July, mark a departure from the fund's decade-long joint-venture model — including a $1 billion Prologis partnership formed in 2013. Listed equity exposes NBIM directly to public-market pricing, without the governance buffer of asset-level deals.