Saudi Arabia's Jada Fund of Funds, owned by the Public Investment Fund (PIF), has made its first commitment to Growth Catalyst Fund I, a private equity fund targeting $200 million to invest in growth-stage Saudi SMEs. Jada did not disclose the size of its commitment.
Led by Turki Al-Dayel, Growth Catalyst Fund I focuses on founder-led, upper-middle-market companies in Saudi Arabia, with flexibility to invest in growth-stage and pre-IPO businesses that have outgrown venture capital but are not yet ready for public markets.
The fund aims to help bridge Saudi Arabia's estimated SAR 300-500 billion SME financing gap, supporting companies through their expansion phase before exiting via IPOs, strategic acquisitions, or secondary transactions.
Press release:
Saudi Arabia's Jada Fund of Funds has made its first commitment to Growth Catalyst Fund I, a private equity fund targeting $200 million to support growth-stage small and medium-sized enterprises (SMEs) in the Kingdom. The investment marks another step in Jada's strategy to deepen Saudi Arabia's private capital ecosystem by backing emerging fund managers and expanding financing options for businesses beyond the venture capital stage.
