Private Equity Eyes Fundraising Boost With Kuwait Fund’s Return

Kuwait’s pension fund is restarting private equity allocations after a hiatus, according to people familiar with the matter, potentially unleashing billions of dollars in fresh capital for an industry grappling with a fundraising slump.

The Public Institution for Social Security is in discussions with multiple leading buyout firms about resuming deployments, the people said, declining to be identified discussing private information.

PIFSS has been largely absent from private markets since October 2022, when senior executives — brought in to overhaul the state institution after its former head was found guilty of personally profiting from it — were asked to ...