Overview
- The New York Times reports the Public Investment Fund has told international investors it is unable to allocate new capital for the near future.
- A PIF spokesperson, Marwan Bakrali, said the fund holds about $60 billion in cash and similar financial instruments.
- The fund values its portfolio at nearly $1 trillion, with a large share described as hard-to-sell assets lacking public market valuations.
- Projects cited in financial distress include the Neom city-region, a coffee company, a cruise line and an electric vehicle startup, with no gaming assets named.
- The slowdown raises questions for the games sector where PIF owns Savvy Games Group and stakes in major publishers, and it remains part of the pending $55 billion EA acquisition alongside Silver Lake and Affinity Partners, which EA expects to close in Q1 of its 2027 financial year.