Ares Management Corp. is reportedly taking control of Toob Ltd., a struggling broadband company that was previously backed by the UK’s National Wealth Fund.

Lenders have taken control of the struggling broadband provider Gigaclear, three years after the National Wealth Fund provided a £240 million guarantee, making it the largest shareholder. This move is expected to result in losses for taxpayers.

Business secretary Peter Kyle's ambition for the UK's first $1 trillion firm is deemed honorable, but critics suggest he is overselling the role of state activism and institutions like the British Business Bank and National Wealth Fund.

Nvidia and the UK's National Wealth Fund are investing in Oxa, an Oxford-based autonomous driving startup, which has raised $103 million for the commercial development of its self-driving software for industrial vehicles.

Rolls-Royce has secured nearly £600 million from the UK's national wealth fund to advance the development of Small Modular Reactor (SMR) technology, marking a significant milestone for the company.