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Treasury moves to calm sovereign wealth fund tax fears - but questions remain

19th January, 2026

When concerns began to circulate late last year that the Trump administration was preparing to upend the tax treatment of SWFs, the reaction  saw lawyers issue alerts, investors reviewing strategies and fund managers fielded anxious calls.

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PIF and the Saudi IPO Programme: Why Tadawul Matters More Than Ever

15th January, 2026

Saudi Arabia’s IPO pipeline for 2026 is sizeable by any regional standard. But the headline number of listings matters less than who is driving them, and why. At the centre of that story sits the Public Investment Fund (PIF).

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PIF and Lucid: Strong Q4 Results Support Continued Ownership Structure – For Now

6th January, 2026

The Public Investment Fund remains the controlling shareholder of Lucid Group, and its long-term strategy toward the investment continues to attract scrutiny.

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The US as the Decision Market: Why 2025 Marked a Structural Break in Sovereign Investment

5th January, 2026

In 2025, sovereign investors channelled more than US$140 billion into the US economy, lifting the country’s share of global sovereign deal activity to over 50%, as revealed in Global SWF’s 2026 Annual Report published last week.

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Al-Hilal sale talks put PIF’s next phase in sharper focus

15th December, 2025

A reported agreement for Prince Al-Waleed bin Talal – head of Kingdom Holdings - to acquire Al-Hilal indicates that Saudi Arabia’s Public Investment Fund (PIF) is trying to move from building the Saudi Pro League to divesting in order to attract private capital, while ensuring that prestige assets are maintained by figures close to the government.

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Paramount’s Warner Bid Shows How Gulf Funds Now Back US Media Deals At Arm’s Length

9th December, 2025

Paramount Skydance’s hostile offer for Warner Bros. Discovery (WBD) is an example of how Gulf sovereign wealth capital is being used in politically sensitive US sectors as funding partners without formal influence.

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PIF in Developed Asia: Japan, Hong Kong, Singapore, Korea

4th December, 2025

Saudi Arabia’s Public Investment Fund (PIF) is deploying only around 20% of its capital abroad, but within that slice, Developed Asia has become a small but strategically important cluster.

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Saudi Arabia’s PIF Shifts From Big Spending to Capital Recycling as Vision 2030 Tightens

2nd December, 2025

Saudi Arabia’s sovereign wealth fund is at the centre of two very different stories. Abroad, the Public Investment Fund (PIF) is backing the record US$55bn leveraged buyout of video-game publisher Electronic Arts (EA), reinforcing its image as a bold global investor. At home, large domestic “giga-projects” are being written down, timelines are slipping and the fund is borrowing more heavily than in the early years of Vision 2030.

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KIA, Brookfield and the Rising AI Infra Club: Sovereign Wealth Funds Build the Stack

25th November, 2025

When Brookfield Asset Management unveiled a new US$100 billion programme to build out artificial intelligence infrastructure last week, one name in the press release signalled how far the balance of power in AI has shifted: the Kuwait Investment Authority.

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From US$56 Billion to Six Stocks: What PIF’s Brutal 13F Shrink Really Means

17th November, 2025

Saudi Arabia’s Public Investment Fund has just done something that, on paper, looks like a rapid exit from US public equities.

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SWFs are Driving the Take-Private Surge

13th November, 2025

In the past two years, public-to-private (P2P) deals have re-emerged as one of the most reliable channels for private capital deployment at a time of volatility, with sovereign wealth funds serving as anchors and cornerstone investors in consortium take-privates.

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QIA–ORIX’s Japan fund is the tip of a bigger shift in how sovereigns build platforms

12th November, 2025

Qatar Investment Authority (QIA) and ORIX have launched a Japan-only buyout vehicle, OQCI Fund LP, at the yen-equivalent of US$2.5 billion.

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