Oman Investment Authority (OIA) has cashed in on the global AI boom, announcing a highly profitable partial exit from its investment in US-based AI infrastructure company, Crusoe. The sovereign wealth fund confirmed the deal generated a return multiple of 10.3 times its invested capital.
Quick Facts
- 10.3x return on invested capital
- 68% annual internal rate of return
- OIA retains a stake for future growth
A Strategic Bet on AI Infrastructure
The exit underscores OIA’s strategic focus on high-growth sectors, particularly those tied to artificial intelligence and advanced technologies. While OIA will collect significant returns, it is also retaining a stake in Crusoe to capture potential future upside, aligning with its long-term capital recycling strategy.
The move comes as demand for data centers and cloud computing capacity continues to surge worldwide, driven by the rapid adoption of AI. Crusoe, which OIA reports has reached a valuation of nearly $10 billion, has become a key player in this space.
Powering AI with Stranded Energy
Founded in Denver in 2018, Crusoe built its business by developing AI and cloud computing infrastructure powered by underused and renewable energy sources. The company provides solutions that reduce emissions from gas flaring by converting the otherwise wasted energy into power for its data centers.
This unique model has attracted major clients, with global tech giants like Microsoft and Oracle tapping Crusoe to build out AI infrastructure projects. The company’s focus on sustainable and efficient energy use gives it a distinct position in the competitive high-performance computing market.
OIA’s Global Performance Shines
The investment in Crusoe was managed through OIA’s Future Generations Fund (FGF), which targets long-term international opportunities to diversify risk and secure sustainable returns. By the end of 2025, the FGF’s assets had grown to RO 8.57 billion.
OIA’s overall performance in 2025 was a record, with total profits hitting RO 2.9 billion and a return on investment of 14.6%. According to data from Global SWF, OIA ranked third globally among sovereign wealth funds for its average returns over the past five years, which stood at 10.4%.
About Oman Investment Authority
Oman Investment Authority (OIA) is the sovereign wealth fund of the Sultanate of Oman. It is entrusted with managing the country’s assets to diversify the economy away from oil and gas and to secure wealth for future generations. OIA invests globally across various sectors, including technology, energy, and digital infrastructure.
Source: Zawya
