Jada Fund of Funds, a wholly owned subsidiary of the Public Investment Fund, established to develop Saudi Arabia’s private capital ecosystem, has announced its strategic commitment to Growth Catalyst Fund I, a Saudi-based private equity fund with a targeted fund size of SAR750 million ($ 200 million), focused on scaling high-potential mid-market companies across the Kingdom.
A resurgence in global private equity is gathering steam after a rebound in dealmaking last year that saw both buyout deals and exits surge ahead to register their second highest values on record, says a report from Bain & Company.
OpenGate Capital, a global private equity firm, has completed the acquisition of Maersk Training and its subsidiary Maersk H2S Safety Services.
Apollo Global Management's strategic investment in Mubadala Capital marks another milestone in the UAE's emergence as a major global centre for alternative investments.
