Iran War Tests Wall Street Firms’ Addiction to Mideast Money

It was the question Mubadala Investment Co.’s Camilla Languille couldn’t escape all week.

Legions of private market executives, deeply reliant on Middle Eastern sovereign wealth for fundraising, have been anxious to know how much of that money will keep flowing their way as the war in Iran drags on. The Milken InstituteGlobal Conference, which wrapped up Wednesday, gave them their first public opening to find out.

Camilla Languille

Source: Bloomberg Television

“I’ve been asked that question several times this week,” said Languille, who runs the $385 billion sovereign wealth fund’s private equity portfolio. “My answer is: The strategy does not change. For ...