SAUDI ARABIA'S SANABIL INVESTMENTS UNVEILS USD620 BILLION SOVEREIGN WEALTH FUND'S HOLDINGS
29 October 2023
Josleen Deeb
Sanabil Investments (Sanabil) is dedicated to discovering, funding, and translating revolutionary concepts into tangible realities. Since its establishment in 2009 in the Kingdom of Saudi Arabia (KSA), it started with $8 billion in capital. Sanabil has witnessed firsthand-the disruptive potential of bold ideas that challenge conventional business models reflecting the Kingdom’s vision. These ideas pave the way for innovative approaches to production, consumption, and the overall human experience.
Riyadh: Sanabil Investments choose to collaborate—entrepreneurs who leverage their ingenuity and resources to address significant societal needs in ways that are both scalable and sustainable.
Sanabil is a financial investment firm that annually commits circa $3 billion as capital to private investments, including Venture Capitals and small buyout assets. Sanabil Investments offer patient capital to its partners, enabling them to invest at various stages of funding and granting access to the Gulf Cooperation Council (GCC) ecosystem.
SANABIL INVESTMENTS- ASSETS UNDER MANGMENT
Saudi Arabia's Public Investment Fund (PIF) has publicly revealed its private equity and venture capital investments for the first time. The disclosure came from PIF's Sanabil investment division, which allocates approximately $3 billion annually to private markets. Boasting a staggering $620 billion in assets under management (AUM), PIF ranks among the globe's largest sovereign wealth funds. We will explore some of the highly prosperous private equity and venture capital firms that PIF has invested in through Sanabil.
Below some of the investments in top PE and VC firms as invested in by PIF’s Sanabil Investment arm without being exhaustive as further investments are made under the PIF’s large portfolio.
Blackstone, KKR, Hellman & Friedman, Silver Lake, Dragoneer Investment Group, Coatue, Vista Equity Partners, Techstars, Apollo Global Management, Inc., Brookfield Asset Management, CVC Capital Partners, Andreessen Horowitz, General Atlantic, ICONIQ Capital, Thoma Bravo, Insight Partners
The substantial Assets Under Management (AUM) held by PIF provide it with considerable financial strength, and its selection of investment firms is noteworthy. This suggests that PIF's investments transcend regional boundaries, encompassing global opportunities. Notably, PIF's investment in Techstars, a startup accelerator, underscores its keenness for early-stage enterprises. With its substantial AUM, PIF possesses the capacity to invest in both fledgling startups and established corporations.
PIF's revelation of its private equity and venture capital portfolio carries significant weight. It offers a glimpse into the investment strategies of Middle Eastern sovereign wealth funds and how they navigate the financial landscape. The fact that PIF is engaging with well-established firms like Blackstone and KKR illustrates its inclination toward global investments, extending beyond local markets.
Concurrently, its investment in Techstars underscores a distinct interest in nurturing nascent businesses. As PIF and other Middle Eastern sovereign wealth funds continue to expand, the evolution of their investment approaches will be of considerable interest.
IN CONCLUSION
The collective assets of the top 10 Middle Eastern sovereign wealth funds surpass an impressive $3.8 trillion, pointing toward promising prospects for the region's economies. PIF has set its sights on reaching $1 trillion in assets under management by 2025. Consequently, a substantial pool of untapped capital is poised for deployment by these funds.
What's intriguing is that PIF is not the sole participant in private market investments. Other Middle Eastern sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and the Kuwait Investment Authority (KIA), have also ventured into the realm of private equity and venture capital.
ALKETBI TOUCH:
Our team frequently extends its legal expertise and advice for investors looking to diversify their investment strategies, or for corporates contemplating mergers and acquisitions and private placements. Let us analyze the complexities of your protection and safe investments exits and entry along with the best corporate structuring available to maximize your profits.
Latest News
11/14/2024
Bini Saroj
