Sovereign Wealth Funds Throw Funding Lifeline to Tech Ventures
Saudi Arabia and other Gulf States along side with state backed investors in Singapore & China and invested money into technology investments such as Uber, Alibaba and its private affiliates. With overall funding for start-ups slowing down by a third to $25.5 billion in the last two quarters, according to data from CB Insights, high-profile ventures are turning to government funds or institutional money to create “private IPOs” rather than to venture capitalists or public listings.
“High-profile ventures are turning to government funds or institutional money to create “private IPOs” rather than to venture capitalists or public listings.”
And only about 10 of the world’s 80 or more sovereign funds have made sizeable investments in tech ventures so far according to market research firm Sovereign Wealth Fund Institute
About Sovereign Wealth Fund Institute
SWFI, also known as the Sovereign Wealth Fund Institute, is a global organization designed to study sovereign wealth funds, pensions, superannuation funds, central banks, endowments and other long-term public investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. We provide specialized services such as research and consulting to various corporations, funds and governments. Our flagship publication, the Sovereign Wealth Quarterly, is the premier publication on public sector asset ownership and management globally.
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