‘Jada’ Invests $200 Million to Expand Growth Equity Capital for Saudi SMEs

Saudi Arabia's Jada Fund of Funds is injecting $200 million into Growth Catalyst Fund I, a private equity vehicle aimed at scaling mid-market companies within the Kingdom. This strategic commitment from Jada, a wholly owned subsidiary of the Public Investment Fund, underscores its role in bolstering the Saudi private equity landscape. Growth Catalyst Fund I, licensed by the Capital Market Authority, will support companies in accelerating growth, improving governance, and enhancing operations, preparing them for future exits. Bandr Alhomaly, CEO and Managing Director of Jada, highlighted the importance of growth equity in a mature private capital ecosystem and expressed confidence in Saudi Arabia's opportunities. He also noted Jada's focus on developing the next generation of fund managers. The investment aligns with Saudi Vision 2030's objective of economic diversification. Turki Aldayel, Founder and CEO of Growth Catalyst, welcomed Jada as an anchor investor, emphasizing their shared strategy to scale Saudi businesses and contribute to the private sector's development. This move is part of Saudi Arabia's broader effort to deepen capital markets and offer a full spectrum of financing solutions for businesses.

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Growth equity occupies a vital space in any mature private capital ecosystem, supporting companies that have proven their model and are ready to scale. Our commitment to Growth Catalyst Fund I reflects our confidence in the growth equity opportunities within Saudi Arabia and our deliberate focus on developing the next generation of fund managers who will help shape the Kingdom’s investment landscape.