Fundraising - JUNE 6, 2013

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Sovereign wealth funds in the Middle East shift attention to regional investments

by Andrea Waitrovich

With $5.3 trillion in aggregate assets under management, global sovereign wealth funds (SWF) are introducing huge amounts of capital in the international investment universe. The 10 SWFs that are part of the Gulf Cooperation Council (GCC) comprise almost 30 percent of the total assets under management for global SWFs and manage close to $1.7 trillion in assets under management.

GCC SWFs introduce a vital source of capital to the investment universe. Historically, SWFs in the Middle East have turned their attention to the West, where they have been able to snap up trophy assets at a rapid pace. Recently, investments in the West are being approached cautiously while regional SWFs are investing in the Middle East with more frequency, according to Emerging Trends in the Sovereign Wealth Fund Landscape, a report produced by KPMG.

The coffers of SWFs are rapidly expanding in the Middle East, as well as globally. As reported in the May issue of

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