# JapansPensionFund

GPIF Expands Alternative Investment Strategy
Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, is preparing for a significant shift in portfolio strategy. As of March 2026, GPIF manages approximately 293.6 trillion yen ($1.8 trillion), and the Japanese government has directed the fund to gradually increase its allocation to alternative investments toward its existing 5% allocation ceiling. The move represents one of the largest potential reallocations of institutional capital in recent years.
Portfolio Expansion
GPIF currently allocates approximately 1.7% of