King Abdullah Petroleum Studies and Research Center (KAPSARC) is an independent non-profit foundation based in Riyadh, Saudi Arabia. KAPSARC was founded as a non-profit global institution for independent research into the economics of energy, to contribute to societal well-being and prosperity. KAPSARC conducts independent research and develops insights in collaboration with leading international research centers, public policy organizations, and industrial and government institutions. The center is focused on finding solutions for the most effective and productive use of energy to enable economic and social progress in the region and across the globe. The assets of the firm are managed by the board of trustees.King Abdullah Petroleum Studies and Research Center is currently not investing in private equity or venture capital.