Riyadh-headquartered VC BIM Ventures and Japanese investor SBI Holdings launched a new joint venture, BIM Capital, which will target investments in private equity, venture capital, debt funds, and real estate development in Saudi Arabia and the Middle East, according to a press release.

More on the new fund: BIM Capital will focus on high growth sectors such as tech, emerging industries, and real estate, while exploring flexible financing options that include venture debt, private credit markets, and real estate development funds to support high-growth companies and projects while managing risks to secure high returns, the statement said.

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Investment targets: The JV seeks to attract USD 200 mn (SAR 750 mn) in foreign direct investment (FDI), while targeting total assets under management (AUM) exceeding USD 2 bn (SAR 7.5 bn).

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