Piff (Public Investment Fund) and other sovereign wealth funds are consolidating the number of GPS they work with and are increasingly prioritizing investments within their home countries over global diversification, which may reduce capital available for overseas venture funds.
factualpending
Speaker
Brad GerstnerEvidence Quote
“they said we're going to deploy more of piff's dollars on investments inside of Saudi Arabia than outside of Saudi Arabia right... they're going to consolidate the number of GPS... Texas pensions the same thing happening there”
Source
Ep19. State of Venture, AI Scaling, Elections | BG2 w/ Bill Gurley, Brad Gerstner, & Jamin Ball— Bg2 PodCreated: 8/10/2026, 10:49:01 PM
My Notes
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