Latest news with #wealthFunds
Bloomberg
26-05-2025
- Business
- Bloomberg
Middle East Wealth Fund Titans Deliver Rare, Blunt Warnings
Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here. This week: Qatar's push to build a Wall Street of its own, surging demand for Middle East IPOs, how Gulf nations are cultivating soft power and a new contender in the global wealth race. But first, rare and unusually blunt warnings from the heads of three wealth funds.
Bloomberg
21-05-2025
- Business
- Bloomberg
$1 Trillion Kuwait Fund's Boss Sounds Warning on Private Equity
The head of one of the world's largest wealth funds said the clock is ticking for private equity and it's time for buyout funds to return money to investors. The industry is in trouble and got away with it for the last five to 10 years, said Sheikh Saoud Salem Al-Sabah, managing director of the $1 trillion Kuwait Investment Authority. Some firms were underwriting deals with no real exit optionality, he said on a panel at the Qatar Economic Forum in Doha on Wednesday.
