– Jada Fund of Funds, a wholly owned subsidiary of Public Investment Fund, has announced its strategic commitment to Growth Catalyst Fund I, a Saudi-based private equity fund targeting SAR750 million ($200 million) in commitments.
– Growth Catalyst Fund I is licensed by the Capital Market Authority and focuses on scaling high-potential mid-market companies across Saudi Arabia.
– Jada acted as an early institutional backer of Growth Catalyst Fund I, participating in the fund’s first close and reinforcing its role as a catalyst for the development of Saudi Arabia’s private capital ecosystem.
– Bandr Alhomaly, CFA, CEO and Managing Director of Jada, said: “Growth equity occupies a vital space in any mature private capital ecosystem, supporting companies that have proven their model and are ready to scale.”
– Turki Al-Dayel, Founder and CEO of Growth Catalyst, said: “We 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 Arabia’s mid-market segment.”
