This is Why Silicon Valley Needs to Look East
Silicon Valley startups are taking a second look at Asia and the Middle East when it comes to securing long-term patient capital. According to data from SWFI’s Sovereign Wealth Fund Transaction Database, there has been some resurgence in the amount of deals in the technology startup space being backed by sovereign funds. Saudi Arabia’s Public Investment Fund (PIF) has been engaged with Japanese telecommunications group SoftBank on building this new technology fund called the SoftBank Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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