FII Institute has launched its latest report, developed in collaboration with Kearney, authored by Bob Willen, Global Managing Partner and Chairman at Kearney, and Javier Herrera, Chair of Private Equity and Principal Investors, Middle East and Africa at Kearney, with contributions from Sebastiao Fernandes, Manager, and Giacomo Brozzi, Consultant, at Kearney.

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There has rarely been more capital looking for a home. Sovereign wealth funds and private investors have record resources and broadly agree on where the next wave of growth lies. Yet strategic investments are still being delayed, resized or abandoned, and the average value of failed cross-border deals has more than tripled since 2022.

So what is standing in the way?

To find out, FII Institute and Kearney went straight to the people making these decisions. Senior leaders from sovereign wealth funds and private investment firms, together overseeing more than $25 trillion in assets, shared candidly where their capital is heading, where deals break down, and what they need from each other to succeed.

The findings challenge some familiar assumptions. When investors agree on a theme, that agreement can become a risk of its own. The answer to who should invest first is rarely the same twice. And the world’s emerging capital hubs, the GCC among them, are being measured against a new standard.

Through case studies spanning Silicon Valley, Abu Dhabi, Brazil and Singapore, Capital at the Crossroads report offers investors and policymakers a sharper view of how sovereign and private capital can move from shared ambition to impact at scale.