12th July, 2023
Saudi Arabia’s Public Investment Fund (PIF) reported a US$11 billion loss for 2022 as global markets tanked, but its annual accounts filed this week with the London Stock Exchange show it has ramped up its Middle East holdings by a staggering US$94 billion to US$175 billion (up 166%) in just two years as it seeks to become a regional investor heavyweight.
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10th July, 2023
State-owned investors originated nearly US$20 billion in real estate deals in the first half of 2023, excluding their commitments to funds overseen by third party asset managers.
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5th July, 2023
On June 30, Global SWF published the 2023 GSR Scoreboard that assesses the progress of various global investor firms around governance, sustainability, and resilience since 2020. There has been significant improvement in best practices globally during the past three years; especially among Middle Eastern funds, from 32% on average in 2020 to 52% on average in 2023.
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1st July, 2023
We are delighted to present the 2023 GSR Scoreboard, the most comprehensive analysis on the Governance, Sustainability and Resilience (“GSR”) practices and efforts of the world’s major State-Owned Investors (“SOIs”), including Sovereign Wealth Funds (“SWFs”) and Public Pension Funds (“PPFs).
22nd June, 2023
Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).
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20th June, 2023
The Investment Management Corporation of Ontario (IMCO) announced today that it is piling US$400 million into Sweden-based Northvolt, joining a raft of other public pension funds including provincial stablemate OMERS that have invested in the battery manufacturing giant.
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8th June, 2023
A slew of public pension fund giants have swung their weight behind Just Climate’s Climate Assets Fund I (CAF1), which has exceeded its US$1 billion target by 50% and marks the latest of several sovereign-backed billion-plus funds.
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5th June, 2023
In an unprecedented move, Saudi Arabia’s Public Investment Fund (PIF) has taken 75% stakes in four of the Kingdom’s leading football clubs as the country prepares to host the 2027 Asian Cup – and potentially the 2030 FIFA World Cup.
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25th May, 2023
Iraq is the latest target for Saudi Arabia’s sovereign wealth fund as it seeks to spread its investments – and soft power – over the Middle East through bilateral investment vehicles.
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16th May, 2023
Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.
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11th May, 2023
Sovereign wealth funds of Saudi Arabia and Abu Dhabi - the Public Investment Fund (PIF) and Mubadala – continue to be major losers of Masayoshi Son’s Vision Fund gambles on tech venture capital.
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2nd May, 2023
Saudi Arabia’s US$730 billion Public Investment Fund (PIF) has won backing from leading Chinese steel corporation Baoshan Iron & Steel (Baosteel) to establish the Kingdom’s first integrated steel plate manufacturing plant – and the fund is creating possibilities in green steelmaking through new partnerships.
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