Jadwa secures $80mn first close for new GCC private credit fund

Jadwa Investment has completed a first close of more than SAR300 million ($80 million) for its newly launched Jadwa GCC Diversified Private Credit Fund, marking a key step in the firm’s expansion across the region’s fast-growing private credit market.

The fund has a target size of up to SAR750 million ($200 million) and represents Jadwa’s first regional blind-pool private credit vehicle, following a series of deal-specific funds launched in recent years.

The new structure is designed to provide institutional and private wealth investors with diversified exposure to private credit opportunities across Saudi Arabia and the wider Gulf Cooperation Council (GCC).

Jadwa said capital from the first close has already been deployed into two initial investments, completed in partnership with regional fintech platforms Lendo and JeelPay. Two further investments are expected to close during the first half of 2026.

Jadwa eyes GCC’s growing credit demand

The firm said the fund is positioned to benefit from rising demand for alternative financing solutions across the GCC, supported by economic diversification, growing private sector activity and increased appetite for non-bank credit. The vehicle is intended to support high-quality companies through multiple transactions while offering investors access to stable, risk-adjusted returns.

Tariq Al-Sudairy, managing director and chief executive of Jadwa Investment, said: “Private credit is increasingly becoming a strategic allocation for sophisticated investors globally. This fund reflects Jadwa’s ability to originate and execute attractive private credit opportunities, and our conviction in the asset class in light of Saudi Arabia and the wider GCC’s economic momentum and growing demand for credit.”

Fidaa Haddad, managing director and head of private credit at Jadwa Investment, said: “Our private credit platform is designed to support high-quality companies across multiple transactions, offering investors access to the growing private credit market in Saudi Arabia and across the GCC. We are excited to announce our first investments and look forward to delivering strong and consistent outcomes for our investors.”

Jadwa said the launch of the fund underscores its broader commitment to developing innovative investment solutions for institutional and private wealth clients, drawing on its regional presence, origination capabilities and private capital expertise.

Headquartered in Riyadh, Jadwa Investment manages more than SAR110 billion ($29.33 billion) in client assets across public equities, private equity, real estate, private credit, fixed income and money market strategies. Its clients include government-related entities, local and international institutional investors and private wealth clients.