Thursday, April 18, 2024

Sanabel, a subsidiary of the PIF, allocates $2 billion annually for private investment

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The company is committed to investing annually in venture capital funds and growth assets

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Sanabel Investments, which is affiliated with the Saudi Public Investment Fund, announced that it will invest 50% of its portfolio in venture capital, 30% in private equity and 20% in liquid assets.

Sanabel has investments with more than 50 venture capital firms and private equity firms, including Blackstone, KKR, Andreessen Horowitz, General Atlantic, Hellman & Friedman, and Platinum Equity.

According to the company’s website, it is committed to investing $2 billion annually in venture capital funds and growth assets, as well as investing in small businesses.

The company will also make direct investments in scooter rental app Bird and social media platform Caffeine.

Sanafil Investments is a public investment fund-owned company that targets the early stages of the business life cycle, specifically investing in venture capital classes, growth strategies and smaller acquisitions.

Since its establishment in 2009, Sanabel has gradually expanded its ability to take on higher levels of risk in order to achieve more attractive returns within the scope of its investment philosophy, which helps to achieve the strategic goals of the Kingdom of Saudi Arabia.

On its website, the company states that it is in a privileged position and able to seize, invest and promote the most attractive global opportunities, increasing the contribution of “Sanabel” to rapid growth, which is in line with the vision. Saudi Arabia 2030.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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