Asset Allocation
Ardian, Saudi PIF Complete $4.2B Acquisitions of Stake in Heathrow Airport
The two investors purchased interests in FGP TopCo, with Ardian taking a 22.6% stake and the PIF a 15% cut.
Tag: Public Investment Fund
Pensions
Saudi Sovereign Wealth Fund Closes Out October With Flurry of Deals
The Public Investment Fund signed MOUs with five Japanese banks worth $51 billion, among other deals.
Asset Allocation
Saudia Arabia’s Sovereign Wealth Fund Bolsters Renewable Investments
The $990 billion Public Investment Fund signed four joint venture deals involving solar, wind and green hydrogen projects.
Asset Allocation
Saudi PIF Nets $17B in Gains in 2023, Reversing Prior Year Slump
The sovereign wealth fund’s assets grew to nearly $1 trillion.
Asset Allocation
Sovereign Wealth Funds Shift Into More Tech and Green Energy
The SWFs also are pushing more into real estate as valuations drop, report says.
Asset Allocation
Irony: BlackRock, Shunned by U.S. Energy-Producing States, Teams Up With Oil-Rich Saudi Arabia
The kingdom, one of the top producers of carbon-based fuel, and the asset management kingpin form an investment partnership.
Newsmakers
Fore: Wealthy Saudi Fund, Already Muscling Into Golf, Steps Up in Soccer, Too
Having bought a U.K. football club and lured major players, the kingdom fortifies its homegrown teams financially.
Asset Allocation
Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
Newsmakers
BlackRock Signs Infrastructure Deal With Saudi Sovereign Wealth Fund
World’s largest asset manager and $620 billion fund will target Middle East projects.
Asset Management Culture
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Market Moves
Petraeus: Saudi Arabia Is Running Out of Money
The former CIA chief says the oil company's upcoming IPO is needed to bridge the gap.