Jada Fund of Funds, a wholly owned subsidiary of the Public Investment Fund, established to develop Saudi Arabiaâs private capital ecosystem across venture capital, private equity, and private debt, has announced its strategic commitment to Growth Catalyst Fund I, a Saudi-based private equity fund licensed by the Capital Market Authority with a targeted fund size of SAR750 million ($ 200 million), focused on scaling high-potential mid-market companies across the Kingdom.
The commitment reinforces Jadaâs continued catalytic role in the private equity ecosystem, with Jada acting as an early institutional backer of Growth Catalyst Fund I in its first close, a statement said.
Growth Catalyst Fund is a sector-agnostic private equity vehicle that seeks to support portfolio companies in accelerating growth, strengthening governance frameworks, and enhancing operational capabilities, positioning them for long-term value creation and potential exits through strategic transactions or capital markets.
âGrowth 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 Kingdomâs investment landscape,â said Bandr Alhomaly, CEO and Managing Director of Jada.
Jadaâs commitment to Growth Catalyst Fund I reflects its ongoing support for emerging fund managers, reinforcing its role in strengthening the private capital ecosystem and developing regional investment talent. Growth Catalystâs focus on accelerating high-growth Saudi SMEs aligns with the Kingdomâs economic diversification ambitions under Vision 2030.
âWe are pleased to welcome Jada Fund of Funds as an anchor investor in Growth Catalyst Fund I. Their support reflects strong confidence in our strategy and in the opportunity within Saudi Arabiaâs mid-market segment. We look forward to partnering with founders and management teams to help scale high-potential Saudi businesses and contribute to the continued development of the Kingdomâs private sector in line with Vision 2030,â said Turki Aldayel, Founder and CEO of Growth Catalyst.
As Saudi Arabia continues to deepen its capital markets and attract increasing levels of foreign and domestic institutional investment, expanding growth equity options is an important step toward supporting a full spectrum of financing solutions for enterprises at every stage of maturity, the statement added. â TradeArabia News Service
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