The Public Investment Fund (PIF), the largest Saudi state-backed wealth fund, has made public the contents of its venture capital (VC) portfolio.
The US$600 billion fund’s venture arm Sanabil Investments published the details on its website.
Sanabil was founded by the Saudi government in 2009 and then taken over by the PIF.
According to its website, the VC firm invests roughly $2 billion annually in venture, growth capital and small buyouts.
It is the first time that the PIF or Sanabil has made such a disclosure, and although it does not detail the amounts involved, it does reveal the companies and investment firms that have links to the Saudi wealth fund.
These include several high-profile private equity and VC firms such as Blackstone, KKR, Apollo, Brookfield, Hellman & Friedman and CVC.
©2023 funds global mena