Saudi Venture Capital (SVC) announced its investment in Jadwa GCC Private Equity Fund 1, a private equity fund managed by Jadwa Investment, a leading investment management and advisory firm in the Middle East with over SAR 90 billion in assets under management and advisement.
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The fund aims to raise SAR 1.5 billion with a hard-cap of SAR 2.0 billion. It is Jadwa’s first regional blind-pool private equity fund, and will be investing in a diversified, cross-sectorial set of high-potential private equity opportunities across Saudi Arabia and the GCC.
Its aims to develop the Venture Capital and Private Equity Ecosystem in Saudi Arabia to catalyze financing Startups and SMEs.
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Dr. Nabeel Koshak, CEO and Board Member at SVC, said: “Our investment in the private equity fund by Jadwa is aligned with SVC’s strategy of supporting the evolving private equity ecosystem in Saudi Arabia. This investment will stimulate and sustain funding for high-potential companies in Saudi Arabia, contributing to the economic diversification objectives of Saudi Vision 2030.”
Tariq Al-Sudairy, Managing Director & CEO of Jadwa Investment, said: “We are excited to have SVC on board as an investor in Jadwa GCC Private Equity Fund 1. This partnership reflects our shared commitment to identifying and nurturing high-potential companies across the GCC, with the goal of creating long-term value for our clients.”
About Saudi Venture Capital (SVC)
SVC is an investment firm established in 2018 and is a subsidiary of the SME Bank, one of the development banks of the National Development Fund (NDF). SVC aims to stimulate and develop financing solutions for startups and SMEs from pre-Seed to pre-IPO by investing $2 billion through investment in Private Capital funds (Venture Capital, Private Equity, Venture Debt, Private Debt) and co-investment in startups and SMEs.
