GCC-based private equity fund manager Aliph Capital closed its debut fund Aliph Fund I at USD 200 mn, Semafor reports, citing Aliph’s Founder and CEO Huda Al Luwati. The fund came in 20% below its target, she said. The Abu Dhabi-based firm secured commitments from sovereign wealth fund ADQ, the Saudi Public Fund’s Jada, and Saudi Venture Capital (SVC).

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What’s next? Aliph is set to close two transactions this year, with plans to invest USD 15-40 mn per transaction in GCC-based companies across infrastructure services, healthcare, education, and consumer sectors.

Want to dive deeper into the beginnings of the fund? Check out this story where we sat down with AL Luwati last year to talk about her entrepreneurial journey while exploring the ins and outs of the fund.

REMEMBER- Aliph Capital last year acquired a 25% stake in Sanipex Group, a lifestyle product supplier, after it had acquired The Pet Shop.

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