Saudi Firm Jadwa Raises $266M at First Close of Blind-pool PE Fund

Jadwa Investment announced the first close of GCC Private Equity Fund 1, the Riyadh, KDS-based firm’s first regional blind-pool private equity fund, with a total of SAR 1B ($266M) in commitments.

Fund I aims to invest in diversified opportunities in private equity across the Gulf Cooperation Council states. The fund has completed three investment projects in the retail and food-and-beverage industry and expects to be fully invested over a three-year deployment period.

Jadwa noted that blind-pool investments are uncommon in the Middle East, where private equity investments have traditionally been structured in the form of single-asset investment vehicles. Fund 1 is among the largest blind-pool private equity funds regulated by Saudi Arabia’s Capital Market Authority (CMA), according to Jadwa, which has run 16 single-asset private equity funds since its inception in 2007.

Source: https://www.jadwa.com/en/node/25131