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Ruya targets $400m Middle East private credit fund

privateequitywire

4 months ago

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Abu Dhabi-based Ruya Partners is raising up to $400m for a private credit fund focused on addressing financing gaps in Saudi Arabia, as banks slow lending amid rising demand for capital, according to a report by Bloomberg.
The manager, which is backed by entities including Mubadala Investment Company and Saudi Arabia’s Public Investment Fund, is targeting capital from family offices, pensions, and endowments, Partner Omar AlYawer said in an interview with Bloomberg TV. Ruya expects a first close...

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