The sovereign wealth funds of the Persian Gulf used to be relatively easy places for US firms like Blackstone and Goldman Sachs to raise money. But recently, the power dynamics between Wall Street and Middle Eastern wealth fund managers have been shifting.

On today’s Big Take podcast, Bloomberg’s Heather Perlberg breaks down for host David Gura why Middle Eastern sovereign wealth funds are asking for more in return for access to their trillions — and what that means not only for investors but also the future of the region. 

Read more: Middle East Trillions Force New Concessions From Wall Street

The sovereign wealth funds of the Persian Gulf used to be relatively easy places for US firms like Blackstone and Goldman Sachs to raise money. But recently, the power dynamics between Wall Street and Middle Eastern wealth fund managers have been shifting.
On today’s Big Take podcast, Bloomberg’s Heather Perlberg breaks down for host David Gura why Middle Eastern sovereign wealth funds are asking for more in return for access to their trillions — and what that means not only for investors but also the future of the region.  Read more: <a href="https://www.bloomberg.com/news/articles/2024-08-12/blackstone-apollo-ditch-old-ways-to-attract-saudi-and-uae-trillions?srnd=undefined">Middle East Trillions Force New Concessions From Wall Street</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Want Money From the Middle East? There Are New Strings Attached

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c07bef7b-edf9-43cb-9b60-b1ca0147a73d/transcript

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