Podcasts Business Investing Capital Allocators – Inside the Institutional Investment Industry Innovation in Private Markets 3: Sulaiman Alderbas A Massive Restart at PIFSS (Capital Allocators, EP.194)

Innovation in Private Markets 3: Sulaiman Alderbas A Massive Restart at PIFSS (Capital Allocators, EP.194)

Published: May 10, 2021, 9:30 a.m.

Sulaiman Alderbas, the Head of Alternative Investments at Kuwait\u2019s $130 billion Public Institution of Social Security, or PIFSS. Sulaiman arrived at PIFSS from the Kuwait Fund for Arab Development in 2016, shortly before a scandal erupted when the former head of PIFSS was convicted of corruption and embezzling public funds for thirty years amounting to billions of dollars. Alongside Meshal Al-Othman, who joined to lead PIFSS from the Kuwait Fund, Sulaiman took part in a massive restructuring of the organization and portfolio. \xa0 Our conversation covers Sulaiman\u2019s early experience as an allocator, lessons from investing in thirty hedge fund of funds at the Kuwait Fund, and transition to PIFSS at the inception of the discovery of the scandal.\xa0 We discuss the restructuring that took place over the last four years that canvassed the people, process and portfolio. Along the way, we touch on competitive advantages of size, knowledge transfer from managers, strategic stakes, and allocator innovation. \xa0 Learn More
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