Riyadh - Sharikat Mubasher: Jada Fund of Funds Company, a subsidiary of the Public Investment Fund (PIF), revealed its second investment in the private credit space.

The company injected investments worth $52 million into a fund raised by the US-based Partners for Growth (PFG) to provide debt financing, as reported by Bloomberg.

Bandr Alhomaly, CEO of Jada Fund of Funds, affirmed the company’s commitment to providing additional funding solutions and attracting foreign direct investment to promote economic growth and diversification.

Jada Fund of funds aims to drive the development of a thriving private equity and venture capital ecosystem to ensure the long-term success of small and medium-sized (SMEs) in Saudi Arabia.