Riyadh – Sharikat Mubasher: Saudi Venture Capital (SVC) announced an investment in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, a GCC-based private equity fund manager.

Aliph Fund I invests in mid-market companies across Saudi Arabia and the GCC with an active ownership model focused on value creation and tech enablement, according to a recent press release.

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 said: “We are honored to welcome SVC as an investor in Aliph Fund I. 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.”

SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund.

Established in 2021, Aliph Capital is an ADGM-based private equity fund manager focused on mid-market and emerging high-growth enterprises in the GCC.