Sign in
SVC backs Jadwa Investment’s first regional blind-pool private equity fund: SME Bank subsidiary Saudi Venture Capital (SVC) invested an undisclosed sum in Jadwa Investment’s Jadwa GCC Private Equity Fund 1, the firm’s first regional blind-pool private equity fund, according to a statement. The fund aims to raise SAR 1.5 bn, with a hard cap of SAR 2 bn, focusing on a diversified portfolio of high-potential private equity opportunities across Saudi Arabia and the GCC.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
SOUND SMART- A regional blind-pool private equity fund invests in private equity opportunities within a specific geographic area, with investors committing capital without knowing the specific investments, relying on the fund manager to identify and select them.
About Jadwa: Jadwa Investment, a leading MENA-based investment firm headquartered in Riyadh, manages over SAR 90 bn in client assets. Its clients include government entities, institutional investors, family offices, and high-net-worth individuals.
SVC has had a busy month: Last week, SVC made an undisclosed investment in Raed III, a Raed Ventures-managed fund that targets early-stage tech startups in Saudi Arabia and the UAE. Earlier this month, SVC also became an anchor investor in Middle East Venture Partners’ new Saudi-focused USD 150 mn Middle East Venture Fund IV. Additionally, it committed an undisclosed sum to Aliph Fund I, a private equity vehicle with a USD 250 mn target, managed by Aliph Capital.
