Today on Dry Powder, we take a deeper look at sovereign wealth funds, which have become an increasingly vital source of capital for the private equity industry.
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“Every few months or so, there are sovereigns that are being created, there are sovereign arms that are being spun off, there are sovereigns that are consolidating,” says Karen Khalaf, a member of Bain’s Private Equity practice and an expert in sovereign wealth funds.
I ask Karen how these funds strike a balance between financial returns and national interests and how GPs can better understand their multidimensional investment mandates.