How Sovereign Funds are Shaking Up the Digital World

Global sovereign funds—huge government-guided investment funds—have become the world’s new VCs, creating overnight winners in the technology world. From Shanghai to Silicon Valley and sub-Saharan Africa, sovereign funds, more active than ever before, are betting big. What are the pros and cons of these behemoths throwing their weight around? Are these investments politically driven? How is the United States responding to the new actors on the global stage? And what role is China’s sovereign fund playing? Winston Ma, a digital economy expert and former executive of China’s sovereign fund, and Paul Downs, a leading sovereign fund lawyer, share insights from their new book, The Hunt for Unicorns: How Sovereign Funds Are Reshaping Investment in the Digital Economy.