
Sovereign Wealth Fund
The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with over $700 billion in assets. Crown Prince Mohammed bin Salman serves as its chairman. In 2022, PIF committed $2 billion to Jared Kushner's Affinity Partners. The fund has made major investments in global companies including Uber, Tesla, Lucid Motors, and Nintendo.
Status
activeIndustry
Sovereign Wealth Fund
Headquarters
Riyadh, Saudi Arabia
Founded
January 1, 1971
Connections
Database ID
#22222222-2222-2222-2222-222222222209
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sovereign wealth fund, Kushner investment, due diligence concerns
"Saudi Arabia's Public Investment Fund committed $2 billion to Affinity Partners despite internal doubts about the investment's commercial merit."