Corporate Moves
Neuberger Berman, PIF to Deploy $6B in Saudi Investments
The duo will launch a multi-asset program to support the growth of the asset management industry in Saudi Arabia.
Tag: PIF
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.
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.
Corporate Moves
Saudi Arabia Transfers 8% of Aramco to Wealth Fund
The capital infusion into the sovereign wealth pool is meant to aid the kingdom’s bid to diversify its economy.
Asset Allocation
Saudi Arabia’s Public Investment Fund Was Biggest Spender Among Peers in 2023
This sovereign wealth fund invested $31.6 billion last year, the highest of all SWFs, according to Global SWFs annual report.
Asset Allocation
Saudi Arabia’s Sovereign Wealth Fund Acquires 10% Stake in Heathrow Airport Owner
The deal includes French private equity firm Ardian acquiring a 15% stake in FGP TopCo, leaving the Qatar Investment Authority as the largest shareholder.
Pensions
Saudi Arabia’s PIF Reports $16.5B Loss in 2022
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
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.
Newsmakers
BlackRock Signs Infrastructure Deal With Saudi Sovereign Wealth Fund
World’s largest asset manager and $620 billion fund will target Middle East projects.