Case Study: The Rise of the Sovereign Venture Fund

May 03, 2017 by Jess Delaney

  • Print
  • Please login
In a rare embrace of modernity for deeply conservative Saudi Arabia — which faced violent clashes after the introduction of television 50 years ago and still doesn’t allow women to drive — Deputy Crown Prince Mohammed bin Salman revealed last summer that the kingdom’s future will be digital. Prince Mohammed, the brash young face of the House of Saud and chair of the country’s Council of Economic and Development Affairs, boarded a private jet to California in June to mingle with Silicon Valley whiz kids and the venture capital gods who can make or break them. Swapping his traditional thobe for a pair of blue jeans and a blazer, the grinning 31-year-old posed with Mark Zuckerberg for a photo shoot at Facebook’s headquarters in Menlo Park. Just a few weeks earlier, Saudi Arabia’s Public Investment Fund had broken the record for the all-time biggest single investment in a…

Sign-up for your free account to read this article

Get Started

Already have an account?
 

Log In Here

Updated Fund Profiles

Our market-leading fund profile library provides unrivalled analysis of more than 90 government and sovereign funds.

Register to read fund profiles

Recent SWF Investments

Search the database of direct investments and mandates by fund, industry and target market to identify past deals that match your requirements. Access over $1 trillion worth of transactions dating back to the 1960s.

Register to explore our data

Latest SWF News

Sovereign Wealth Center makes staying abreast of the most recent government and sovereign fund events easy. Our team undertakes a thorough review of global news feeds every morning and distills salient points.

Register for the latest SWF news
Join the discussion:

To be able to print this content,
you must be a subscriber

For details on your subscription options,
please contact: