July 12, 2024

Jada invests in Aliph Capital bolstering KSA SME Ecosystem

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Jada Fund of Funds, a subsidiary of PIF, has recently announced that it has partnered with Aliph Capital to bolster SMEs across KSA.
Jada Fund of Funds invests in Aliph Capital's Maiden Fund Aliph Capital I

Jada Fund of Funds, a subsidiary of Saudi Arabia’s PIF, has recently announced that it has partnered with private equity fund manager Aliph Capital to bolster the small and medium enterprises in the kingdom.

Jada has stated that it will invest in Aliph Capital’s GCC-focused fund Aliph Fund I. According to Industry sources, this initiative reinforces Jada’s commitment to supporting SMEs in the Kingdom of Saudi Arabia and underscores the value it sees in strategic, sustainable investments made through private equity and venture capital.

Aliph Capital is an ADGM-domiciled alternative investment manager founded by Huda Al-Lawati, targeting US$250 million in commitments. Huda is a leading private equity professional with over 20 years’ of expertise in emerging markets.  The Fund has been anchored by ADQ and targets high-quality mid-sized companies across the GCC and employs an active approach focused on value creation and digital transformation, aligning its strategy closely with Jada’s objectives.

Bandr Alhomaly, CEO of Jada Fund of Funds

Commenting on this, Bandr Alhomaly, CEO of Jada Fund of Funds, stated: “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. 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.”

Huda Al-Lawati, Founder and CEO of Aliph Capital

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

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