Gulf Capital
Saudi Vision 2030 and the Investment Strategy Behind It
Saudi Vision 2030 is an economic transformation financed largely through the Public Investment Fund. A guide to its strategy, giga-projects, and the 2026-2030 recalibration.
Topic
Explainers
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Sovereign Wealth Funds
Gulf Sovereign Wealth Funds: A Guide to GCC Capital
The six largest Gulf sovereign wealth funds control roughly $5 trillion in assets. A guide to who they are, how they invest, and why global allocators watch them.
Institutional Investing
What Is Fiduciary Capitalism?
Fiduciary capitalism names the era when pension funds, sovereign wealth funds, and other institutional investors became the dominant owners of the global economy — and what that means for governance, stewardship, and accountability.
Institutional Investing
What Does AUM (Assets Under Management) Mean?
AUM is the most widely used single number to describe the size of an investment institution. Here is what it means, what it measures, and when it misleads.
AI and Technology
AI Data Center Investing for Institutional Allocators
AI data centers have become one of the most hotly contested asset classes in institutional investing. What's driving the capital, which institutions are leading, and what are the risks that matter.
Institutional Investing
Asset Owner vs Asset Manager: The Difference That Matters
The difference between an asset owner and an asset manager is not semantic — it determines who bears investment risk, who sets strategy, and who is accountable to beneficiaries.
Sovereign Wealth Funds
Temasek Holdings, Explained
Singapore's Temasek is not a traditional sovereign wealth fund but something harder to categorise — a state-owned investor that holds direct stakes in companies and compounds returns over decades.
Sovereign Wealth Funds
Qatar Investment Authority (QIA), Explained
How Qatar built one of the world's most influential sovereign wealth funds, what it owns, and how it deploys capital across global markets.
Universal Ownership
Universal Ownership Theory, Explained
When an investor owns a slice of everything, one company's externalities become another holding's costs. The idea that reframed how the world's largest funds think about risk.
Sovereign Wealth Funds
Mubadala Investment Company, Explained
Abu Dhabi's strategic investor posted one of its most active years in 2025. How Mubadala works, how it differs from ADIA and PIF, and why AI infrastructure is its new frontier.
Sovereign Wealth Funds
Saudi Arabia's Public Investment Fund (PIF), Explained
From a domestic holding company to one of the world's most consequential investors: how PIF works, what it owns, and what its 2026-2030 strategy signals.
Private Markets
Private Equity Secondaries, Explained
The market for second-hand private equity stakes set another record in 2025. How secondaries work, who sells, who buys, and why the market has become core institutional infrastructure.
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