Khashoggi crisis may test Saudi sovereign investor PIF's global ambitions

A demonstrator holds a poster with a picture of Saudi journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, Turkey October 25, 2018. REUTERS/Osman Orsal

A year ago the Saudi sovereign investor Public Investment Fund (PIF) was a rising star among state-backed funds.

It poured billions of dollars into the SoftBank technology fund of Japanese tycoon Masayoshi Son and the infrastructure vehicle of U.S. private equity firm Blackstone, and was building a war chest for overseas deals.

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