Saudi PIF weighs fresh fundraising options to generate cash from companies, sources say
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Saudi Arabia’s Public Investment Fund is exploring new ways to raise cash from its portfolio companies, sources said on November 10.
- ✓The fund wants to grow investments without using its own capital.
- ✓"This phase is underpinned by increasingly diversified financial returns," the fund noted in its latest strategy documents.
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- Indian Markets
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- India Economy
DUBAI, Nov 10 (Reuters) - Saudi Arabia's Public Investment Fund is in the early stages of exploring new fundraising options, three people with knowledge of the matter told Reuters, as part of a move by the wealth fund to grow investments without injecting more of its own capital.
One of the options the fund is exploring is securitizing cash streams from some portfolio companies, two of the sources said.
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PIF, one of the world's biggest sovereign wealth funds with over $900 billion in assets under management, will examine all opportunities to raise capital, whether by selling stakes in mature assets and raising funds for younger companies, another source said.
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