Finance
Large Backers of Private Equity Are Asking For Their Money Back
Sovereign wealth funds and others want to unlock their previous investments before putting in more money
Five funds from the Gulf, led by PIF, made the top 10 state-owned investors of private markets in 2023.
Photographer: Tasneem Alsultan/BloombergThis article is for subscribers only.
Some of the most influential investors are giving the world’s largest private equity firms a message: if you want money for your next fund, here’s our list of demands.
Sovereign wealth funds and state pension providers are among investors telling money managers they’ll only commit in their upcoming fund raises if their capital tied up in old funds is released, according to people with knowledge of the matter.