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The Saudi Public Investment Fund (PIF) topped sovereign funds globally during 2023, with investments amounting to $31.6 billion, distributed over 49 deals, equivalent to a 33 percent increase over 2022, revealed a report by Global SWF on Monday. According to the report, Saudi Arabia’s PIF accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year.
The declines were led by GIC, which cut the amount of capital deployed by 46% to $19.9 billion and lost its spot as the worlds most active sovereign wealth fund for the first time in six years
GIC lost its spot as the world’s most active sovereign wealth fund for the first time in six years Read more at straitstimes.com.
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ANN/THE STRAITS TIMES – Saudi Arabia’s Public Investment Fund (PIF) emerged as the world’s most active sovereign investor in 2023, boosting its deal activity, even as most global peers including Singapore’s GIC and Temasek slashed spending. PIF deployed USD31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the USD20.7 billion […]