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Saudi Venture Capital backs Jadwa GCC Private Equity Fund with $24 billion
This marks Jadwa's first regional "blind-pool" private equity fund
Saudi Venture Capital (SVC) has invested over $24 billion in Jadwa Investment’s newly launched GCC Private Equity Fund 1, marking Jadwa’s first regional “blind-pool” private equity fund, according to a press release issued on Thursday.
The fund, initially targeting $399.5 million, has a hard cap of $532.5 billion, reflecting robust investor interest.
It aims to build a diversified portfolio of high-potential private equity opportunities across Saudi Arabia and the wider GCC region.
Nabeel Koshak, CEO and board member of SVC, highlighted the significance of the investment, stating, “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 sustain funding for high-potential companies in Saudi Arabia, contributing to the economic diversification objectives of Saudi Vision 2030,” he added.
Established in 2018, Saudi Venture Capital (SVC) operates under the SME Bank, a subsidiary of the National Development Fund. Its mission is to enhance financing for startups and small and medium enterprises (SMEs) at every stage of growth, from pre-seed to pre-IPO, through fund investments and direct support for emerging companies.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, expressed enthusiasm for the partnership, stating, “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.”
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