Saudi Arabia’s Public Funding Fund emerged as the sector’s maximum energetic sovereign investor final yr, boosting its deal process whilst maximum international friends together with GIC Pte and Temasek Holdings Pte slashed spending.PIF, because the Saudi fund is understood, deployed $31.6 billion in 2023, in step with analysis consultancy World SWF. That was once upper than the $20.7 billion it invested the former yr, an build up that contrasts with a much broader pattern — globally state-owned traders deployed $124.7 billion, a couple of 5th lower than the prior yr.
