The Jada Fund of Funds, operating under the umbrella of Saudi Arabia’s Public Investment Fund, has allocated 3.75 billion riyals (US$1 billion) towards investments and recently participated in the Partners for Growth VII fund, which is administered by Partners for Growth, a private credit firm located in San Francisco, California.
The investment demonstrates Jada’s commitment to nurturing small- and medium-sized enterprises within Saudi Arabia, highlighting its approach to strategic, sustainable investment via innovative funding mechanisms.
In a ceremony held in Riyadh, Bandr Alhomaly, CEO of Jada Fund of Funds, alongside Armineh Baghoomian, managing director at Partners for Growth, confirmed the partnership.