The Public Investment Fund (PIF) of Saudi Arabia, established in 1971 and based in Riyadh, is one of the largest sovereign wealth funds globally, playing a pivotal role in the nation’s economic transformation. PIF focuses on sustainable investments across a diverse portfolio that includes domestic, regional, and international assets in various sectors. The fund aims to localize modern technology and stimulate economic growth by financing strategically significant projects that align with the country’s development goals. PIF is actively expanding its international presence through strategic partnerships and initiatives, contributing to the broader objectives outlined in the Vision program, which seeks to diversify the economy and enhance its global competitiveness. The fund's assets are managed by a dedicated executive team, ensuring a cohesive approach to investment and development.
Senior Vice President (Head of International Funds and Asset Management Section)
Bander Bin Mogren
COO
48 past transactions
Masdar
Private Equity Round in 2025
Masdar is a retail and wholesale company that supplies a wide range of building and construction materials for various projects.
Hone Health
Series A in 2025
Hone Health is a modern men's health platform that specializes in personalized care through data-driven insights and licensed physician consultations. The company provides a range of services, including access to medications such as testosterone, clomid, and anastrozole. Hone Health also offers a telemedicine kit designed to monitor hormone optimization, enabling users to track their hormonal changes effectively. Through its FDA-approved testing system, the platform facilitates consultations for anti-aging treatments, allowing consumers to receive tailored treatment plans at an affordable cost. This comprehensive approach aims to enhance men's health by integrating medical expertise with technology for effective hormone management.
Saudi Re For Cooperative Reinsurance Co.
Post in 2025
Saudi Re For Cooperative Reinsurance offers facultative and treaty solutions both on a proportional and non-proportional basis and strong underwriting expertise in engineering, property, marine, casualty, motor, retro, and life and medical. It is a joint-stock firm and a cooperative reinsurer company.
Middle East Broadcasting Center
Acquisition in 2024
MBC Group is the private free-to-air satellite broadcasting company.
Lucid Motors
Post in 2024
Lucid Motors Inc. is an automotive company that specializes in manufacturing electric vehicles. Founded in 2007 and headquartered in Menlo Park, California, the company aims to create cars that enhance the human experience by surpassing traditional limitations of space, performance, and intelligence. Lucid Motors, which was previously known as Atieva, Inc., changed its name in October 2016. The company operates a manufacturing plant in Casa Grande, Arizona, and has established strategic partnerships with battery manufacturers Samsung SDI and LG Chem to support its production efforts.
Selfridges
Secondary Market in 2024
Selfridges is a prominent chain of department stores based in London, United Kingdom, with additional locations in Birmingham and Manchester. Founded in 1909, the company specializes in a wide range of products, including clothing, shoes, bags, accessories, beauty products, home goods, and technology items. It also offers food, wines, spirits, and gifts, as well as jewelry and watches. Selfridges provides customers with both in-store and online shopping experiences, allowing access to a diverse selection of international products for men, women, and children. The brand is recognized for its extensive product offerings and commitment to quality.
Heathrow Airport Holdings
Secondary Market in 2024
Heathrow Airport Holdings is the operator of the UK's only hub airport, situated in London, which serves as a vital gateway for international travel and trade. Annually, approximately 70 million passengers travel through its terminals, with around 190,000 individuals flying to and from 90 different countries each day. The airport accommodates 86 airlines, including prominent national carriers such as British Airways and Virgin Atlantic. In addition to facilitating seamless travel, Heathrow prioritizes safety and cleanliness through innovative measures, including contactless passenger journeys and the use of UV robots for sanitation. As a significant contributor to the UK economy, Heathrow not only connects London to the world but also plays a crucial role in supporting the global aviation sector.
Simplified Financial Solutions Company
Seed Round in 2024
Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Magic Leap
Debt Financing in 2024
Magic Leap is an augmented reality company based in the United States that specializes in developing innovative hardware and software to enhance user interaction with digital devices. Its proprietary wearable technology allows users to experience augmented reality in a visually immersive manner. By leveraging dynamic-image computing and stereoscopic 3D technology, Magic Leap creates lifelike images that blend seamlessly into the real world, enhancing the way users visualize data and access digital content. The company's approach aims to bridge the gap between digital and physical experiences, enabling a unique and engaging interaction with technology through its advanced visual output capabilities.
Saudia Technic
Private Equity Round in 2023
Saudia Technic is a full-service MRO organization that offers key aviation maintenance, repair and overhaul segments (MRO), including line, base, components and engines.
Tamara
Series C in 2023
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded by Abdulmajeed Alsukhan and his partners, the company aims to transform the shopping, payment, and banking experience for consumers. With a workforce of over 350 employees, Tamara has established a significant presence, operating offices in the UAE, Egypt, Germany, and Vietnam. Since its inception in September 2020, Tamara has raised approximately $366 million in both equity and debt from notable investors, including Sanabil Investments and Goldman Sachs. The platform boasts around 6 million customers and partners with more than 15,000 merchants, featuring a mix of global and regional brands as well as local small and medium enterprises. Tamara empowers merchants by providing flexible payment options through its application programming interfaces, allowing clients to increase sales by offering installment payment plans.
Heathrow Airport Holdings
Private Equity Round in 2023
Heathrow Airport Holdings is the operator of the UK's only hub airport, situated in London, which serves as a vital gateway for international travel and trade. Annually, approximately 70 million passengers travel through its terminals, with around 190,000 individuals flying to and from 90 different countries each day. The airport accommodates 86 airlines, including prominent national carriers such as British Airways and Virgin Atlantic. In addition to facilitating seamless travel, Heathrow prioritizes safety and cleanliness through innovative measures, including contactless passenger journeys and the use of UV robots for sanitation. As a significant contributor to the UK economy, Heathrow not only connects London to the world but also plays a crucial role in supporting the global aviation sector.
Saudi Iron & Steel Co.(Hadeed)
Acquisition in 2023
Saudi Iron & Steel Co. (Hadeed) is a Saudi iron and steel firm that produces steel rebar, wire rod, hot rolled coils, cold rolled coils, galvanized cold, and color-coated coils.
Aston Martin
Post in 2023
Aston Martin is a luxury automotive manufacturer based in Warwickshire, United Kingdom, specializing in the design, engineering, and production of high-performance sports cars. The company sells its vehicles through a network of dealers and is also involved in the servicing of these cars. Its operations encompass all aspects of the automotive segment, including the design, development, manufacture, and marketing of vehicles, along with consulting services, parts sales, and brand-related activities. Aston Martin's commitment to craftsmanship and performance positions it as a distinguished name in the automotive industry.
Vale
Post in 2023
Vale is a prominent global mining company headquartered in Brazil, recognized as the world's largest producer of iron ore and iron ore pellets. Operating in over 30 countries, Vale employs more than 195,000 people, including long-term contractors. In addition to its leadership in iron ore, Vale is the second-largest producer of nickel and also engages in the extraction of copper, coal, manganese, ferroalloys, fertilizers, cobalt, and platinum group metals. The company has strategically refocused its operations by divesting non-core assets such as its fertilizer, coal, and steel divisions, thereby concentrating on its primary sectors of iron ore, nickel, and copper. The bulk materials division, primarily driven by iron ore and pellets, significantly contributes to its earnings, while the base metals division encompasses nickel and copper production. Vale is also in the process of selling a minority stake in its base metals business, marking a potential shift in its strategic focus for the future.
Tamimi Markets
Private Equity Round in 2023
Tamimi Markets is a rapidly expanding supermarket chain in Saudi Arabia, recognized for its commitment to enhancing the shopping experience. The company provides a wide range of grocery items, including fresh produce and premium products, catering to the needs of discerning consumers. With a focus on exceptional customer service, Tamimi Markets aims to offer convenient access to high-quality groceries, making it a preferred choice for shoppers in the region.
Lucid Motors
Post in 2023
Lucid Motors Inc. is an automotive company that specializes in manufacturing electric vehicles. Founded in 2007 and headquartered in Menlo Park, California, the company aims to create cars that enhance the human experience by surpassing traditional limitations of space, performance, and intelligence. Lucid Motors, which was previously known as Atieva, Inc., changed its name in October 2016. The company operates a manufacturing plant in Casa Grande, Arizona, and has established strategic partnerships with battery manufacturers Samsung SDI and LG Chem to support its production efforts.
Fixtuur
Post in 2023
Fixtuur is a Visual Commerce platform designed to enhance the online shopping experience for furniture and home decor products. By providing a virtual showroom, it allows consumers to explore products in various colors, sizes, and materials up close, addressing common concerns such as fitting and aesthetic compatibility. Through advanced 3D visualization, product configuration, and augmented reality, Fixtuur aims to inspire and educate shoppers, thereby instilling confidence in their purchasing decisions. The platform seeks to transform how customers interact with products online, moving beyond traditional image carousels and specifications to a more immersive and informative shopping experience.
SpaceX
Grant in 2023
SpaceX, Inc., founded in 2002 and headquartered in Hawthorne, California, specializes in the design, manufacture, and launch of advanced rockets and spacecraft. The company develops various products, including the Falcon 1, Falcon 9, Falcon Heavy, Dragon, and Starship, with a focus on creating reusable launch vehicles. These vehicles are engineered for the transport of cargo, humans, and payloads into space, incorporating features such as multiple engines, an attached trunk, and parachute systems. SpaceX aims to reduce the costs of space travel, thereby making space exploration more accessible and advancing the capabilities of the space industry.
Nintendo Japan
Post in 2023
Nintendo Japan is a manufacturer of home leisure equipment.
Kakao Entertainment
Private Equity Round in 2023
Kakao Entertainment is a South Korean company formed from the merger of KakaoPage and Kakao M, creating a comprehensive portfolio in the entertainment industry. The company encompasses 50 subsidiaries and affiliates, allowing it to operate across various sectors, including music, television, film, and digital content. KakaoPage focuses on producing original content and offers a global platform for distribution, while Kakao M excels in creating diverse entertainment offerings, including dramas and performances, leveraging a strong roster of talent. Additionally, Kakao Entertainment develops mobile applications that provide a wide range of interactive content, including webtoons, web novels, and music, catering to a multilingual audience and enhancing the digital media experience for users.
Saudi Tabreed
Private Equity Round in 2022
Saudi Tabreed is a provider of district cooling services located in Al Khobar, Saudi Arabia. The company focuses on the production and distribution of chilled water from a central facility to various buildings through an extensive network of pipes, primarily for air conditioning needs. It develops, invests in, and maintains district cooling projects on a build-operate-own basis, aiming to deliver reliable and cost-effective cooling solutions. Saudi Tabreed has established a strong track record in servicing airports, government structures, and significant real estate developments, including urban projects.
Lucid Motors
Post in 2022
Lucid Motors Inc. is an automotive company that specializes in manufacturing electric vehicles. Founded in 2007 and headquartered in Menlo Park, California, the company aims to create cars that enhance the human experience by surpassing traditional limitations of space, performance, and intelligence. Lucid Motors, which was previously known as Atieva, Inc., changed its name in October 2016. The company operates a manufacturing plant in Casa Grande, Arizona, and has established strategic partnerships with battery manufacturers Samsung SDI and LG Chem to support its production efforts.
Aston Martin
Post in 2022
Aston Martin is a luxury automotive manufacturer based in Warwickshire, United Kingdom, specializing in the design, engineering, and production of high-performance sports cars. The company sells its vehicles through a network of dealers and is also involved in the servicing of these cars. Its operations encompass all aspects of the automotive segment, including the design, development, manufacture, and marketing of vehicles, along with consulting services, parts sales, and brand-related activities. Aston Martin's commitment to craftsmanship and performance positions it as a distinguished name in the automotive industry.
Almosafer
Private Equity Round in 2022
Almosafer is an online travel platform that offers comprehensive booking services for hotels, flights, chalets, and holiday packages. It caters to the needs of travelers in the region by providing a one-stop solution for their travel arrangements. The platform has established partnerships with various airlines and hotels, allowing customers to book directly through its website and mobile applications. Almosafer also offers deals and tips to help users secure competitive prices for their travel needs.
Aman Resorts
Private Equity Round in 2022
Aman Resorts is a luxury hospitality group that specializes in creating intimate and exclusive guest experiences through its small, high-end hotels and resorts. Each property is designed to harmonize with its beautiful natural surroundings, ensuring privacy and tranquility for guests. The company offers a range of services, including accommodations, dining, spa treatments, and cultural activities, all tailored to enhance the guest experience. Aman New York exemplifies this philosophy by introducing urban residences within a historically significant building, featuring unique layouts and private amenities. This urban expansion showcases Aman's commitment to providing unparalleled luxury in both remote and urban settings, maintaining its reputation for discretion and exceptional service.
McLaren
Venture Round in 2022
McLaren is a prominent automotive, motorsport, and technology company based in Woking, United Kingdom. Established in 1963 by Bruce McLaren, the business encompasses three core divisions: McLaren Racing, which competes in Formula 1 and IndyCar; McLaren Automotive, known for manufacturing high-performance sports cars; and McLaren Applied Technologies, which focuses on data-driven technology solutions. The company has built a strong reputation for innovation and excellence, with over 90 percent of its supercars being exported globally. McLaren is also recognized for its commitment to sustainability, having received multiple accolades for environmental performance, including the FIA Sustainability Accreditation Award. In addition to its racing and automotive achievements, McLaren has contributed to public health efforts by applying its technological expertise to support the production of medical equipment during the pandemic. With significant investments in research and development, including a dedicated composites technology center, McLaren continues to drive advancements in vehicle performance and efficiency.
Capital Bank Group
Private Equity Round in 2022
Capital Bank of Jordan they are specialized in serving corporate, SME, and high-end retail customers, combining the service range of commercial and investment banking.
Kingdom Holding Company
Post in 2022
Kingdom Holding Company, founded in 1979 and based in Riyadh, Saudi Arabia, is a prominent international investment firm led by HRH Prince Alwaleed bin Talal. The company has established a diverse portfolio, investing in sectors such as aviation, banking, financial services, digital services, e-commerce, education, healthcare, hotel management, and petrochemicals. Kingdom Holding Company is recognized for its strategic focus on high-performance companies and leading brands, including notable entities like Apple, Citigroup, and Walt Disney. The firm adopts a long-term investment approach, aiming to extract value from undervalued or underperforming assets while leveraging Prince Alwaleed’s extensive experience and international network.
Nintendo Japan
Post in 2022
Nintendo Japan is a manufacturer of home leisure equipment.
Nexon
Post in 2022
Nexon is a leading entertainment software company that specializes in the development of free-to-play online games. Founded in 1995 with the launch of The Kingdom of the Winds, the company has played a pivotal role in shaping the massively multiplayer online game (MMO) genre. Nexon offers a diverse portfolio of engaging games, including popular titles such as MapleStory and Dungeon&Fighter for PC, as well as mobile games like HIT and DomiNations. The company's games are accessible in approximately 200 countries, with a significant portion of its revenue generated from China, followed by Korea and Japan. While the PC gaming segment constitutes the majority of Nexon's revenue, the mobile gaming segment is also growing. Through its innovative approach to game development and service, Nexon continues to attract a global audience and maintain its leadership position in the interactive entertainment market.
NCSoft
Post in 2022
NCSoft is a leading digital entertainment company based in Seongnam, South Korea, specializing in online, video, and mobile game development. Founded in 1997, NCSoft has established itself as a prominent publisher of massively multiplayer online role-playing games (MMORPGs) such as Lineage, Aion, and Guild Wars, along with titles like City of Heroes and Blade and Soul. The company operates globally, with subsidiaries and game studios in various regions, including the United States, Taiwan, China, Japan, and the United Kingdom. In addition to its extensive portfolio of MMORPGs, NCSoft is expanding into the mobile gaming sector, diversifying its offerings to include casual online games and strategy titles. With a workforce of over 4,000 employees, NCSoft continues to be a significant player in the gaming industry.
D360 bank
Venture Round in 2022
D360 bank is an online digital bank. The company provides financial services through it's app.
Pagani Automobili
Private Equity Round in 2021
Pagani Automobili is a producer of carbon fiber components for hypercars. Mid-mounted V-12 DOHC engines made by mercedes-AMG benz's division power the initial model, the zonda.
ACWA Power
Corporate Round in 2020
ACWA Power International is a prominent developer, investor, co-owner, and operator of power generation and desalination facilities. Founded in 2004 and headquartered in Riyadh, Saudi Arabia, the company manages a diverse portfolio that includes thermal, solar photovoltaic, solar concentrated solar power, and wind energy projects. ACWA Power also provides operations and maintenance services for the power and water desalination sectors, primarily in Saudi Arabia and across various countries, including Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. The company operates as a subsidiary of ACWA Holding Company and maintains regional offices in several major cities, including Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. Its business activities are governed by agreements with government entities and financing arrangements, ensuring compliance and operational efficiency.
Reliance Retail
Private Equity Round in 2020
Reliance Retail Limited (RRL) is a prominent retail organization in India, serving millions of customers while supporting thousands of farmers and vendors through its comprehensive value chain. The company operates a diverse range of retail formats, including neighborhood stores, supermarkets, hypermarkets, wholesale cash and carry outlets, specialty stores, and online platforms. Its product offerings encompass fresh foods, groceries, apparel, footwear, lifestyle and home improvement items, as well as electronic goods and agricultural implements. By leveraging a core growth strategy of backward integration, RRL has effectively connected producers to consumers, thereby enhancing accessibility and affordability across various market segments.
Reliance Jio
Private Equity Round in 2020
Reliance Jio Infocomm is a company providing wireless telecom products and services. The company offers voice, data, and messaging services, as well as distributes smartphones and hotspot devices. Its areas of research, development and new service deployment include blockchain, artificial intelligence, open source platforms, IOT, data analytics, and next-gen cloud services.
Live Nation Entertainment
Post in 2020
Live Nation Entertainment is the largest live entertainment company globally, functioning as a concert promoter, venue operator, and ticketing platform. It generates revenue through sponsorships and advertising, alongside its core ticketing operations. With offices in 45 countries, Live Nation promotes concerts worldwide and owns or operates 373 venues, making it the second-largest music venue operator. In 2023, the company promoted over 50,000 events, attracting more than 145 million fans. Its ticketing service, Ticketmaster, is a leading platform, selling over 620 million tickets in the same year.
Carnival Corporation
Post in 2020
Carnival Corporation operates as a leisure travel company, offering a diverse portfolio of cruise brands that include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. With a presence in North America, Australia, Europe, and Asia, the company visits approximately 700 ports worldwide and operates 105 ships with a total of 254,000 lower berths. In addition to its cruise operations, Carnival Corporation owns Holland America Princess Alaska Tours, which provides tours in Alaska and the Yukon, as well as hotels, lodges, glass-domed railcars, and motor coaches. The company primarily sells its cruises through travel agents and tour operators. Incorporated in 1972, Carnival Corporation is headquartered in Miami, Florida.
Elementaree
Series A in 2020
Elementaree, founded in 2014 and based in Moscow, Russia, specializes in delivering personalized food programs and ingredients directly to consumers' doorsteps on a subscription basis. The company focuses on creating tailored meal plans that cater to individual dietary needs and goals, such as weight loss or muscle gain, while also providing a variety of everyday menus. By leveraging its expertise in building value chains, Elementaree is able to offer customized meal solutions at the cost of standard grocery shopping. In addition to delivering ingredients, the company supplies recipe books to guide users in preparing diverse and tasty meals at home, enhancing the cooking experience for individuals and families alike.
CloudKitchens
Venture Round in 2019
CloudKitchens is a real estate company that specializes in providing smart kitchens tailored for delivery-only restaurants. Founded in 2016 and headquartered in Los Angeles, California, it offers both infrastructure and software solutions that allow food operators to establish delivery-focused locations with minimal investment and time. The company's services emphasize the development of non-traditional business models, enabling investors to engage in the emerging market of food delivery. By streamlining the process for restaurant operators, CloudKitchens facilitates the growth of delivery-only dining options, catering to the evolving needs of consumers and the food industry.
Babylon
Series C in 2019
Babylon is a digital-first, value-based care company. Founded in 2013, it aims to make high-quality healthcare accessible and affordable for everyone on Earth. It reengineers the global healthcare market to better align system-wide incentives and to shift the focus from reactive sick care to preventative healthcare, resulting in better member health, improved member experience and reduced costs. To achieve this goal, it leverages its highly scalable, digital-first platform combined with high quality clinical operations and affiliated provider networks to provide an integrated, end-to-end healthcare solution.
Lucid Motors
Funding Round in 2018
Lucid Motors Inc. is an automotive company that specializes in manufacturing electric vehicles. Founded in 2007 and headquartered in Menlo Park, California, the company aims to create cars that enhance the human experience by surpassing traditional limitations of space, performance, and intelligence. Lucid Motors, which was previously known as Atieva, Inc., changed its name in October 2016. The company operates a manufacturing plant in Casa Grande, Arizona, and has established strategic partnerships with battery manufacturers Samsung SDI and LG Chem to support its production efforts.
Magic Leap
Series D in 2018
Magic Leap is an augmented reality company based in the United States that specializes in developing innovative hardware and software to enhance user interaction with digital devices. Its proprietary wearable technology allows users to experience augmented reality in a visually immersive manner. By leveraging dynamic-image computing and stereoscopic 3D technology, Magic Leap creates lifelike images that blend seamlessly into the real world, enhancing the way users visualize data and access digital content. The company's approach aims to bridge the gap between digital and physical experiences, enabling a unique and engaging interaction with technology through its advanced visual output capabilities.
Uber
Series G in 2016
Uber is a technology company that revolutionizes transportation by connecting riders with drivers through its mobile application. Founded in 2009 and headquartered in the United States, Uber operates in over 300 cities globally, making urban travel more accessible. The platform allows users to submit trip requests, which are efficiently routed to available drivers, thus enhancing the convenience of transportation. In addition to its core ridesharing services, Uber is also investing in advanced technologies, including autonomous vehicles through its subsidiary, Uber Advanced Technologies Group. This division aims to develop safe and reliable self-driving transportation solutions. Furthermore, Uber Elevate is working to establish the framework for aerial ridesharing, collaborating with various stakeholders to envision the future of air travel. Through these initiatives, Uber continues to expand its service offerings and redefine mobility in urban environments.
GLM
Venture Round in 2015
GLM Co., Ltd. is a Kyoto-based company established in 2010 that specializes in the development and manufacturing of electric vehicles. Committed to fostering a low-carbon society, GLM designs its electric cars with customizable chassis and a versatile electric vehicle system. This system integrates various components, including motors, inverters, battery modules, and vehicle control units, aiming to deliver an engaging driving experience for users.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.