PIF’s Jada backs $200m Growth Catalyst Fund targeting Saudi mid-market firms

RIYADH: Jada Fund of Funds has committed to Growth Catalyst Fund I, a Saudi private equity fund targeting SR750 million ($200 million) to invest in mid-market companies across the Kingdom. Jada, a wholly owned subsidiary of the Public Investment Fund, is acting as an early institutional backer of the fund at its first close. The announcement, which did not disclose the size of Jada’s commitment, comes as government-backed investors continue to support the expansion of Saudi Arabia’s private capital market through commitments to new investment vehicles.

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