The club

The Members of the Long-term Investors Club have agreed on the following key principles, which shall characterize their actions as long-term investors :

  • We believe that long-term investors’ ability to adopt a long-term horizon in investment strategies is a defining characteristic among investors in the global economy.
  • We believe that long-term investors have been playing and will go on playing a positive role in the global economy by supporting sustainable economic growth :
    • In periods of crisis through a stable investor behavior that allows value creation over the long-term,
    • In periods of growth through financing long-term projects that are less profitable in the short term than short-term investments but more profitable to the national and global economies in the long-term.
  • We believe in and support the establishment of an international philosophy of long-term investment organizations and we will work for that purpose in close cooperation with the main international financial, economical, and political governance bodies.
  • We believe that long-term investment must support social and environmental improvement ; therefore we will invest in accordance with the internationally recognized social and environmental responsibility policies.
  • We share a common identity as long-term investors, although our organizations cover a wide range of financial institutions such as pension funds, sovereign wealth funds, public investment institutions, reserve funds, endowment funds, development banks, and/or pension benefit guarantee schemes.
  • We believe that Environmental, Social and Governance issues can affect the performance of investors’ portfolios in a long-term perspective and that taking these issues into account may better align investors with broader objectives of society.
  • We believe that our diversity makes our commitments stronger and our unity as long-term investors more meaningful.
  • D20-LTIC Charter and Rules - revised version April 2019 pdfD20-LTIC - Charter and Rules (2019-04-26 Tokyo).pdf

Who are we ?

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Caisse des Dépots et Consignations The China Development Bank
Caisse de dépôt et placement du Québec Cassa depositi e prestiti
Caisse de Dépôt et de Gestion Development Bank of Japan (DBJ)
The Hellenic Development Bank European Investment Bank
Instituto de Crédito Oficial (ICO) Japan Bank for International Cooperation  
The Korea Development Bank Kreditanstalt fur Wiederaufbau
Korea Eximbank LTIIA 
Ontario Municipal Employees Retirement System Turkiye Sınai Kalkınma Bankası
Polish Development Fund - Polski Fundusz Rozwoju Global Infrastructure Basel Foundation
Saudi Industrial Development Fund  

Member access

LTIC Members may register for extranet access by sending a request to :