Riyadh – Mubasher: Saudi Venture Capital (SVC) has invested in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, according to a press release.
Aliph Fund I is a $250 million target PE fund that invests in mid-market companies across Saudi Arabia and the GCC with an active ownership model focused on value creation and tech enablement.
Nabeel Koshak, CEO and Board Member at SVC, commented: “Our investment in the private equity fund by Aliph Capital is part of SVC’s Investment in Funds Program, in alignment with our strategy to support funds that invest in Saudi-based SMEs with growth potential.”
Huda Al Lawati, Founder and CEO at Aliph Capital, highlighted: “The GCC’s SMEs represent fantastic opportunities to create investor value and drive economic growth; particularly when supported by active, hands-on, management with a clear strategy of digitization and technology enablement.”
Aliph Capital is a UAE-based private equity fund manager that was founded in 2021 by Huda Al Lawati.
Last October, Saudi Venture Capital (SVC) invested $15 million in Saqr Fund II, a venture capital (VC) fund managed by Vision Ventures.
