Key Takeaways
- • Saudi Venture Capital (SVC) committed capital to Jadwa GCC Private Equity Fund 1, a blind-pool regional PE fund targeting SAR 1.50 billion in initial raises with a hard cap of SAR 2 billion, managed by Jadwa Investment.
- • The fund will invest across multiple sectors in Saudi Arabia and the broader GCC, positioning itself as Jadwa's first regional blind-pool private equity vehicle focused on high-potential companies aligned with Vision 2030 economic diversification objectives.
- • SVC, a subsidiary of the SME Bank and part of the National Development Fund, continues expanding its portfolio of PE and venture investments, including recent commitments to MEVP's $150 million technology fund and Raed III L.P. for MENA-region startups.
- • Jadwa Investment, the fund manager, operates as a leading regional investment firm with over SAR 90 billion in assets under management and advisement, reinforcing institutional capacity in the Gulf's private equity infrastructure.
Summary
Saudi Venture Capital announced its investment in Jadwa GCC Private Equity Fund 1, a blind-pool private equity fund managed by Jadwa Investment. The fund targets SAR 1.50 billion in initial capital commitments with a hard cap of SAR 2 billion, representing Jadwa's inaugural regional blind-pool PE vehicle. The fund will deploy capital across multiple sectors and geographies, focusing on high-potential private equity opportunities throughout Saudi Arabia and GCC markets.
Nabeel Koshak, CEO and Board Member at SVC, framed the investment within SVC's broader mandate to strengthen Saudi Arabia's private equity ecosystem. "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," Koshak stated, adding that the commitment 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 and CEO of Jadwa Investment, emphasized the strategic alignment between both institutions in identifying value creation opportunities across the region. "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," Al Sudairy said.
SVC, established in 2018 as a subsidiary of the SME Bank and operating under the National Development Fund, has positioned itself as a multi-stage investor supporting companies from pre-Seed through pre-IPO. Recent capital commitments include a $150 million fund focused on high-growth technology startups and an investment in Raed III L.P. to support emerging companies across Saudi Arabia and the broader MENA region. Jadwa Investment, the fund manager, operates with over SAR 90 billion in assets under management and advisement, establishing institutional credibility and regional distribution capabilities for the GCC-focused vehicle.
Nabeel Koshak, CEO and Board Member at SVC, framed the investment within SVC's broader mandate to strengthen Saudi Arabia's private equity ecosystem. "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," Koshak stated, adding that the commitment 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 and CEO of Jadwa Investment, emphasized the strategic alignment between both institutions in identifying value creation opportunities across the region. "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," Al Sudairy said.
SVC, established in 2018 as a subsidiary of the SME Bank and operating under the National Development Fund, has positioned itself as a multi-stage investor supporting companies from pre-Seed through pre-IPO. Recent capital commitments include a $150 million fund focused on high-growth technology startups and an investment in Raed III L.P. to support emerging companies across Saudi Arabia and the broader MENA region. Jadwa Investment, the fund manager, operates with over SAR 90 billion in assets under management and advisement, establishing institutional credibility and regional distribution capabilities for the GCC-focused vehicle.
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