Saudi Capital Leads Major Growth Fund Raise for U.S. Venture Lender
Saudi investors provide the bulk of commitments for Partners for Growth’s latest fundraising, underlining robust foreign capital inflows tied to Vision 2030
Saudi investment vehicles have emerged as the dominant source of capital in the latest fundraising round for Partners for Growth (PFG), a prominent U.S.-based venture debt manager.
A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) known as the Jada Fund of Funds has committed roughly two-hundred and sixty-six million dollars to PFG’s seventh growth debt fund, representing a substantial share of the vehicle’s target and supporting the firm’s expansion of credit solutions for mid-market companies.
The Jada Fund of Funds, which draws on PIF’s mandate to deepen private capital markets and attract foreign direct investment, has been actively deploying capital into global funds that align with Saudi Arabia’s economic diversification and Vision 2030 strategy.
Through this investment, Saudi limited partners are enhancing Partners for Growth’s capacity to provide venture debt financing to high-growth technology and innovation-focused companies at a time when alternative credit is increasingly central to scaling global start-ups.
This significant backing reinforces the Kingdom’s broader push to integrate into international financial ecosystems and support broader venture capital and private credit activity in the Middle East and beyond.
The capital inflow also marks a continuation of Saudi involvement in specialist lending vehicles that offer flexible, non-dilutive financing options, a critical complement to traditional equity funding for enterprises pursuing rapid expansion.
A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) known as the Jada Fund of Funds has committed roughly two-hundred and sixty-six million dollars to PFG’s seventh growth debt fund, representing a substantial share of the vehicle’s target and supporting the firm’s expansion of credit solutions for mid-market companies.
The Jada Fund of Funds, which draws on PIF’s mandate to deepen private capital markets and attract foreign direct investment, has been actively deploying capital into global funds that align with Saudi Arabia’s economic diversification and Vision 2030 strategy.
Through this investment, Saudi limited partners are enhancing Partners for Growth’s capacity to provide venture debt financing to high-growth technology and innovation-focused companies at a time when alternative credit is increasingly central to scaling global start-ups.
This significant backing reinforces the Kingdom’s broader push to integrate into international financial ecosystems and support broader venture capital and private credit activity in the Middle East and beyond.
The capital inflow also marks a continuation of Saudi involvement in specialist lending vehicles that offer flexible, non-dilutive financing options, a critical complement to traditional equity funding for enterprises pursuing rapid expansion.
