Saudi Arabia's PIF strikes multi-billion investment deals with US asset managers

Bennelong inks distribution deal with US asset manager - Financial Newswire

Bennelong Funds Management has expanded its local distribution efforts with the addition of offshore asset manager, Allspring Global Investments, to its boutique partner line-up, confirming plans to introduce the firm’s global income strategy to the Australian and New Zealand markets. The partnership with Bennelong is expected to result in the Allspring Global Income Fund launched as an Australian unit trust next month. “With over 390 investment…

Gulf sovereign wealth funds tap secondaries market

Global secondaries deals hit $162bn ‘Nascent’ secondaries market in Mena Provides access to emerging tech The Middle East’s sovereign wealth funds are using the surging secondaries investment market to take strategic stakes in emerging technologies, experts have told AGBI. A secondaries investment is the acquisition of interests in already formed private market funds or a portfolio of direct investments from existing investors. Global secondarie…

These multi-billion-dollar partnerships, established by the Public Investment Fund, are aimed at developing Saudi capital markets.

Saudi Arabia's PIF strikes multi-billion investment deals with US asset managers

Saudi Arabia's sovereign wealth fund Public Investment Fund on Wednesday announced it has struck multi-billion deals with U.S.-based asset management giants