Su: VCs courted Gulf allocators seeking to diversify from oil and gas
Susan Su · The $6 trillion threat to climate tech finance · May 6, 2026 · at 8:12
Susan Su explains why venture capital funds turned to Gulf sovereign wealth funds and how Gulf allocators sought to diversify beyond regional hydrocarbons.
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“VCs started to head to the Gulf states a while ago, right, like a decade ago, to court some of that region's enormous Capital reserves not only because there was a lot of it to go around, but because also on the demand side of that, Gulf state allocators were specifically very keen to globalize and diversify their portfolios away from region-specific oil and gas.”
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