EuroLeague is looking to sell minority holding worth €1bn, but PIF’s SURJ firm faces competition from BC Partners
The country’s wealth fund shifts its focus to domestic spending and away from foreign investments.
Plus, the Chicago firm looking to become a merchant bank and Edgar Bronfman Jr gatecrashes Paramount’s deal
Once considered a cash cow by dealmakers, PIF has slowed spending on global investments, bankers say
Tesla rival reports more vehicle deliveries in second quarter but net loss widens to $790mn
Top shareholders strengthen their grip on Premier League club with buyout of British dealmaker
The tour is also tapping private equity as it seeks to attract new audiences worldwide
French private equity firm and Saudi Arabian wealth fund take holdings of 38% in big shake-up of London’s busiest airport
Aramco’s Prosperity7 takes part in investment round for start-up Zhipu AI
The Line development cut back as Riyadh reconsiders priorities and how best to fund its myriad investments
Creation of subsidiary is US money manager’s latest move to build ties and win mandates in Middle East
Kingdom’s investment group aims to finance projects to modernise its economy
Start-up says more fundraising is “inevitable” as it looks to cut spending and raise output
Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal
Senators assail consultants for helping Riyadh use ‘soft power’ to build influence in the US
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
Senator says consultancies have not complied with subpoena seeking details of their work for the kingdom
Deal with Strategic Sports Group led by Fenway Sports Group comes as tour continues talks with Saudi sovereign wealth fund
USS, Canada’s CDPQ and Singapore’s GIC push to exit, putting £2.4bn deal with Saudis and private equity at risk
The Public Investment Fund spent more money than Singapore’s GIC last year and the pace is likely to accelerate
Two new shareholders, PIF and Ardian could increase their investment further as part of airport’s ownership structure
Also in this week’s newsletter, Jon Rahm defects to LIV, disappointment for John Textor and Arctos buy PSG stake
Country’s $700bn Public Investment Fund plans to invest tens of millions to double the chain’s portfolio in five years
