PIF plans to meet Wall Street heavyweights to explore investment opportunities: Report

Saudi Arabia’s Public Investment Fund (PIF) is set to meet some of Wall Street’s heavyweights in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home, SEMAFOR website reported.

The sovereign wealth fund’s senior management — along with representatives of some of its biggest companies including AI firm HUMAIN, Riyadh’s King Abdullah Financial District, and luxury hotel developer Red Sea Global — will be in New York later this week, according to people familiar with the matter.

They are expected to meet with investors including Apollo, Blackstone, Brookfield, Carlyle, KKR, Stonepeak, and the US Export-Import Bank.

The meetings are intended to familiarize investors with PIF and its portfolio, laying the groundwork for future debt or equity fundraising from global investors, the sources said.