Public Investment Fund
Gulf gambit: Asia GPs court Middle East LPs
As the Middle East becomes a focal point for private equity fundraising globally, Asia-based managers hope that macro trends work in their favour. Being the right size and the right strategic fit also helps
Saudi Arabia's PIF backs China e-sports platform
Saudi Arabia’s Public Investment Fund (PIF) has invested USD 265m in China’s VSPO, an e-sports broadcaster and events promoter formerly known as VSPN.
GIC, PIF invest $924m in Korea's Kakao Entertainment
Singapore’s GIC and Saudi Arabia’s Public Investment Fund (PIF) have agreed to invest a combined KRW 1.15trn (USD 924m) in Korean internet giant Kakao’s entertainment division.
India's HealthifyMe closes $75m Series C
LeapFrong Investments and Khosla Ventures have led a $75 million Series C round for HealthifyMe, a mobile health and fitness app operator with a presence in India and Southeast Asia.
AVCJ Awards 2020: Deal of the Year - Large Cap: Jio Platforms
Jio Platforms has attracted an array of global investors as its digital ecosystem designs come into focus. L Catterton Asia adds consumer clout to the infrastructural proceedings
India's Reliance Retail marks close of $6.4b fundraise
Indian conglomerate Reliance Industries has announced the completion of a funding round for its retail unit with INR472.7 billion ($6.4 billion) in commitments from eight investors.
Saudi fund invests $1.3b in India's Reliance Retail
Saudi Arabia’s Public investment Fund (PIF) has invested INR95.5 billion ($1.3 billion) in India’s Reliance Retail, taking a 2% stake.
India's Jio Platforms set for record Asia growth capital fundraise
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest INR113.6 billion ($1.5 billion) in India’s Jio Platforms. This takes its overall funding to INR1.15 trillion, the largest single growth capital haul for an Asian technology company.
Saudi Arabia’s PIF commits $500m to China-Russia fund
Saudi Arabia’s Public Investment Fund (PIF) will invest $500 million into the Russia-China Investment Fund (RCIF), a vehicle established in 2012 by China Investment Corporation (CIC) and the Russian Direct Investment Fund (RDIF).