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Jada’s New USD 200mn Growth Catalyst Fund I Investment Accelerates Saudi SME Expansion

intlbm· July 28, 2026

Jada Fund of Funds, a subsidiary of Saudi Arabia’s Public Investment Fund, has announced a strategic commitment to the Growth Catalyst Fund I. The Saudi-based private equity fund targets SAR 750 million (USD 200 million) to support the expansion of high-potential mid-market companies within the Kingdom. This investment underscores Jada's mission to stimulate the local private equity ecosystem by providing early institutional backing to emerging funds.

Jada Fund of Funds has officially committed to the Growth Catalyst Fund I, a private equity vehicle licensed by the Capital Market Authority with a total target size of SAR 750 million, or approximately USD 200 million. As a wholly owned subsidiary of the Public Investment Fund, Jada’s participation serves as a significant institutional endorsement during the fund's first close. The move is designed to accelerate the growth of small and medium-sized enterprises and mid-market firms across various sectors in Saudi Arabia.

The Growth Catalyst Fund I specifically focuses on scaling high-potential companies that are positioned for expansion within the Saudi market. By providing necessary capital and strategic guidance, the fund aims to bridge the gap for mid-market entities seeking to professionalize and grow their operations. Jada’s involvement highlights its ongoing strategy to act as a catalyst for the private capital ecosystem, which includes venture capital, private equity, and private debt.

This strategic investment aligns with broader efforts to diversify the Saudi economy and strengthen the private sector's contribution to the national GDP. By acting as an early institutional backer, Jada helps to de-risk the investment landscape for other potential limited partners and encourages the development of professional fund management within the Kingdom. The commitment further solidifies Jada's role in fostering a sustainable environment for private equity and venture capital firms operating in the region.

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