Finance

Iran War Tests Wall Street Firms’ Addiction to Mideast Money

Workers look on as they stand amid the rubble of a residential building hit by airstrikes at the Shahid Broujerdi residential complex in Tehran on April 14.

Source: AFP/Getty Images

It was the question Mubadala Investment Co.’s Camilla Languille couldn’t escape all week.

Legions of private market executives, deeply reliant on Middle Eastern sovereign wealth for fundraising, have been anxious to know how much of that money will keep flowing their way as the war in Iran drags on. The Milken Institute Global Conference, which wrapped up Wednesday, gave them their first public opening to find out.