Hassan Soukar
Aug 31, 20232 min
Updated: Sep 1, 2023
Jada "Fund of Funds Company" (a PIF company) has announced a solid commitment to Aliph Capital's GCC-focused fund "Aliph Fund I".
The move reinforces Jada's commitment to supporting SMEs in the Kingdom of Saudi Arabia. It underscores the value it sees in strategic, sustainable investments made through private equity and venture capital.
Aliph Capital is an ADGM-domiciled alternative investment manager founded by Huda Al-Lawati, targeting US$250 million in commitments. Huda is a leading private equity professional with over 20 years of experience in emerging markets.
ADQ has anchored the Fund and targets high-quality mid-sized companies across the GCC. It employs an active approach focused on value creation and digital transformation, aligning its strategy closely with Jada's objectives.
Commenting on this, Bandr Alhomaly, CEO of Jada Fund of Funds, said:
"Our alliance with Aliph Capital reflects a joint objective: to bolster SMEs, an integral component of Saudi Arabia's economic framework, and to equip them with capital, talent and technology. We believe that strong managers play a key role by applying their expertise in selecting good assets and guiding portfolio companies towards contributing to Saudi Arabia's economic diversification objectives."
Huda Al-Lawati, Founder and CEO of Aliph Capital, said:
"I am grateful and honoured that Jada has invested significantly in Aliph Fund I. The potential of SMEs within the Kingdom of Saudi Arabia is vast, and I am delighted that Aliph Capital has the opportunity to play an impactful role in realizing that".
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