The government of Saudi Arabia is an investor in the private company that owns a virtual monopoly on software that powers Democratic candidates — including management of the Democratic National Committee’s all-important voter list.

Sanabil Investments, the company that manages Saudi Arabia’s sovereign wealth fund, recently published its first list of investments in venture capital, buyout firms, and startups. The list includes two private equity firms involved two years ago in the sale and acquisition of EveryAction and NGP VAN, the companies that make up the Democratic Party’s campaign tech apparatus.

“Saudi Arabia’s investments are definitely strategic,” said Paul Rose, an associate dean at the Ohio State University’s law school, who has done research on sovereign funds in Gulf states. “This disclosure is interesting because I look at it and I think, ‘Well, why would you disclose all this?’ The Saudis are really quite shrewd about signaling to not only people in their own country but people abroad what their priorities are.”