Thursday, 20 April 2023

What Are #SaudiArabia’s Investments? Sanabil Reveals Tiger Global, Founders Fund - Bloomberg

What Are Saudi Arabia’s Investments? Sanabil Reveals Tiger Global, Founders Fund - Bloomberg

Saudi Arabia’s portfolio of venture investments includes Tiger Global Management and Peter Thiel’s Founders Fund, recent updates to its website show.

The firms are among the roughly 50 venture capital and growth funds that Saudi Arabia’s Sanabil Investments, the venture arm of its $620 billion Public Investment Fund, has begun publishing online. It’s rare for limited partners — the investors in VC funds — to make their positions public.

The disclosure began earlier this month with about 40 firms including Andreessen Horowitz, Coatue Management, ICONIQ Capital and KKR & Co., which was first reported by The Information.

Tiger Global and Founders Fund were added in the following weeks, along with Haun Ventures and Viking Global Investors, based on a historical analysis of the fund’s website. The Sanabil website also now links to Sequoia Capital.

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