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…
Jada Fund of Funds, owned by the Saudi Public Investment Fund, has committed to Growth Catalyst Fund I, a private equity fund targeting $200 million for investments in growth-stage Saudi SMEs. Led by Turki Al-Dayel, the fund focuses on founder-led, upper-middle-market companies in Saudi Arabia, bridging the estimated SAR 300-500 billion SME financing gap in the Kingdom. The investment aligns with Jada's strategy to deepen the private capital ecosystem and provide long-term capital for high-growth businesses.
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