Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

Jada Fund of Funds Company, a subsidiary of Saudi Arabia’s Public Investment Fund, has invested in Aliph Capital’s maiden fund “Aliph Fund I”.

The investment reinforces Jada’s commitment to supporting small and midsize enterprises (SMEs) in Saudi Arabia. It also underscores the value it sees in strategic, sustainable investments made through private equity and venture capital.

“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,” said Bandr Alhomaly, CEO of Jada Fund of Funds.

“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.”

شركة صندوق الصناديق “جدا” تُطلق استثمارًا جديدا لدعم الشركات الصغيرة والمتوسطة في المملكة العربية السعودية.#جدا #الملكية_الخاصة

Jada Fund of Funds makes additional investment to boost Saudi SMEs.#Jada #Private_Equity

— Jada (@JadaFoF) August 31, 2023

Founded in 2021, Aliph Capital is an Abu Dhabi Global Market-based private equity fund manager focused on midmarket and emerging high-growth enterprises in the GCC. The alternative investment manager was founded by Huda Al-Lawati, targeting $250m in commitments.

“I am grateful and honoured that Jada has made a significant investment in Aliph Fund I. The potential of SMEs within Saudi Arabia is vast, and I am delighted that Aliph Capital has the opportunity to play an impactful role in realizing that opportunity,” Al-Lawati said.

Aliph Capital’s growth potential

Meanwhile, Aliph Capital is also backed by Abu Dhabi wealth fund ADQ targets high-quality mid-sized companies across the GCC and employs an active approach focused on value creation and digital transformation.

The fund’s GCC-focused Aliph Fund I secured a $125m investment from ADQ in October 2022. Keywords: Aliph Capital, Jada Fund of Funds Company, Aliph Fund I

Aliph Capital seek to acquire sizeable, active positions in privately owned mid-market companies across the GCC that possess robust business fundamentals to realise attractive returns, through active ownership combined with strong value creation opportunities, institutional governance standards and digitalisation.

The fund has the investment and operational expertise to accelerate growth and scale-up in companies by helping founders adopt technology platforms and tools to grow revenues, optimise operations, and cut costs to ensure the long-term sustainability of its portfolio companies to generate attractive returns.

Read: Saudi wealth fund unit backs Emkan Capital’s technology fund