SA: Saudi Arabia plans to pour $40bn into AI technology – report
SEEKING ALPHA reports: Saudi Arabia is apparently creating a fund worth about $40B to invest in ...
SEEKING ALPHA reports:
– Private equity assets under management may be poised to grow 28% to $5.8T by the end of 2025 (vs. $4.5T at year-end 2019), according to a report recently issued by the Deloitte Center for Financial Services.
– This base forecast, which assumes average U.S. GDP growth of 2.9% annually from 2020 to 2025, has a 55% likelihood of occurring, said the report’s authors. They also presented bull and bear cases.
– Under the bull case, which uses a 2.4% annual U.S. GDP growth assumption, PE AUM would increase to $6.0T by 2025.
– The bear case, with a 11.5% average GDP growth assumption, sees PE funds’ AUM rising to $5.3T.
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