The memorandum of understanding with US investor is the latest sign that the sovereign fund is recasting itself as a convener of third-party capital rather than a direct financier of its own portfolio ... .
The Public Investment Fund (PIF) and I SquaredCapital signed a memorandum of understanding (MoU) today, July 13, to explore up to $2 billion in investments in PIF-owned real estate and infrastructure assets.
US infrastructure investor targets up to $1bn each in digital infrastructure and district cooling across the sovereign fund's portfolio companies ... .
Saad Alkroud, Head of Local Real Estate Investments at PIF, said ... About PIF PIF is the investment engine driving economic transformation for Saudi Arabia and the world ... For more information, visit https.//www.pif.gov.sa ... PIF Media Relations.
PIF are currently living dangerously at Newcastle United as "tensions" continue to rise between the board and the supporters ... "There's a tension here between the PIF ambition and the fans' ambition.
PIF have certainly been distant at St James' Park, sparking concerns over a potential changing of the guard, at least amongst the frustrated supporters ... PIF have no excuses over lack of summer transfers.
PIF own an 80 per cent share in the Magpies, and while there are very few signs of them wanting to sell, supporters are concerned by a lack of investment recently ... PIF alarm bells ringing at St James' Park.
The transfer, carried out pursuant to a Council of Ministers resolution, shifted the assets from PIF to the state’s finance ministry, while leaving the fund with a continuing development role.
The Treasury participated in the Performance Improvement Framework (PIF) review process between 2010 and 2014 ... The Treasury participated in a PIF Follow Up review in June/July 2012 ... The Treasury underwent its second PIF review in July 2014.
Turki publicly fears he may no longer be able to play the same role by 2028 or 2029, yet PIF’s current strategic cycle runs through 2030 ... The PIF Question ... WBN also reported that PIF’s $900 ...
Al-Rumayyan said PIF had deployed about $112.3 billion across Europe and the United Kingdom between 2017 and 2025, contributing around $80.2 billion to GDP and creating about 160,000 jobs.