According to The Information, Sanabil, the venture capital arm of Saudi Public Investment Fund, a $620 billion Saudi public investment fund, disclosed its partnerships with nearly 40 U.S. venture capital firms and a handful of international funds, including Andreessen Horowitz ( a16z), Coatue Management, KKR and Peter Thiel-backed Valar Ventures, among others. According to Blockworks, funds related to Web3 and blockchain include a16z, Polychain Capital, Griffin Gaming Partners, 500 Startups, 9Yards, B Capital, Collaborative Fund, Costanoa, Craft Ventures, Dragoneer, Greenoaks Capital, Human Capital, ICONIQ Capital, Insight Partners, KKR, Legend Capital, Race Capital, Soma Capital, TCV, Techstars, Third Point Venture, Uncorrelated, Valar Ventures, Valor Equity Partners and Village Global. Sanabil allocates 50% of its asset allocation to venture capital, 30% to private equity, and 20% to a liquid portfolio. According to its website, Sanabil commits about $2 billion a year in multiple funding rounds.