Jada says to invest in Investcorp’s Saudi pre-IPO growth fund

14/06/2023 Argaam
Logo ofJada Fund of Funds

Logo of Jada Fund of Funds

Bahrain's Investcorp announced that Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF), has committed to invest in Investcorp Saudi Pre-IPO Growth Fund, according to a statement.
 

The fund is targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia with the potential to access the capital markets within three-four years.  

 

In November 2021, Investcorp announced the launch of a Saudi-focused pre-IPO growth vehicle, dedicated to investing in a diversified portfolio of companies at a pre-IPO stage of development in Saudi Arabia. It aims to raise $500 million, targeting high growth and underserved sub-sectors such as healthcare, consumer, transport and logistics, and business services, according to Argaam's data. 

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