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A Wall Street Genius's Final Investment Playbook - Chapter 309: The 100-Billion Race (5)
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... that is no easy task. To become the “anchor” of a $100 billion fund, an investor must commit at least $10 billion, or as much as $30 billion, in a single stroke. That’s about 13 to 39 trillion won in Korean currency.
There are very few entities in the world with that kind of capital. Canada’s sovereign wealth fund is one of the rare candidates.
Of course, ‘They’re not going to hand that out easily.’
Last year, Canada’s entire defense budget was only around $18 billion. In ...
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