Here's your summary from Private Equity Titans Fret Over Saudi Wealth Fund’s Local Pivot (https://www.youtube.com/watch?v=evUujvNyxCQ) on the Bloomberg Television channel:

**TLDR:** Private equity firms are concerned about receiving less funding from Saudi Arabia's Public Investment Fund as it shifts focus to investing locally, impacting global asset managers.

1. The Public Investment Fund (PIF) of Saudi Arabia is shifting its focus to investing in local projects, leading to less funding for global asset managers.

2. Big fund managers seeking money from the PIF now need to demonstrate how their investments will benefit Saudi Arabia, aligning with the country's Vision 2030 goals.

3. The PIF is making strategic investments in companies like Lenovo, with the condition that they establish operations in Saudi Arabia to promote domestic development and attract more foreign direct investment.

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