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Macquarie AM wins sovereign wealth fund mandate
September 22, 2025
|Financial Standard
Macquarie Asset Management (MAM) will set up shop in Saudi Arabia after being tapped by sovereign wealth fund PIF for joint venture investments in infrastructure and energy transition sectors.
The US$925 billion sovereign wealth fund signed a Memorandum of Understanding (MoU) with MAM that will prioritise investments in digital infrastructure, electric vehicle infrastructure and energy storage.
In winning the mandate, MAM will establish an office in Riyadh.
The nonbinding MoU is subject to satisfying certain necessary requirements, including regulatory and internal approvals.
هذه القصة من طبعة September 22, 2025 من Financial Standard.
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