Chile is one of the few countries from Latin America and the Caribbean to have established Sovereign Wealth Funds. Two have been established to date: the Pension Reserve Fund (PRF) in December 2006, and the Economic and Social Stabilization Fund (ESSF) in March 2007, both under the administration of the Central Bank of Chile by delegation of the Minister of Finance. This chapter retraces their processes of creation, highlighting the key actors involved, and then focuses on the domestic debates surrounding their potential use, such as during the 2008–2009 crisis. Finally, it assesses whether Chile can be considered as a “successful case” in the region.