{"id":84267,"date":"2024-03-12T00:00:00","date_gmt":"2024-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/"},"modified":"2024-03-12T00:00:00","modified_gmt":"2024-03-12T00:00:00","slug":"pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/","title":{"rendered":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund"},"content":{"rendered":"

PIF-owned <\/strong>Jada Fund of Funds Company<\/a><\/strong> has committed <\/strong>USD 52 mn to a fund raised by US-based Partners for Growth<\/strong>, marking its second entry into the private credit market, Bloomberg<\/a> reported yesterday. Partners for Growth, which provides structured financial solutions for growing companies, closed the USD 325 mn fund in December.<\/p>\n

Partners for Growth has provided debt financing to some of Saudi\u2019s leading startups<\/strong>, including homegrown BNPL unicorn Tabby<\/a> and digital freight network Trukker<\/a>. <\/p>\n

What they said: <\/strong>\u201cOur strategy reinforces our commitment to providing additional funding solutions and attracting foreign direct investment to promote economic growth and diversification,\u201d Jada Fund of Funds CEO Bandr Alhomaly said.<\/p>\n

REMEMBER- <\/strong>Jada announced last year<\/a> its first investment in private credit with an unspecified contribution to Ruya Partners\u2019 USD 250 mn fund. This came a few months after Jada said it expanded its investment coverage to include private credit.<\/p>\n","protected":false},"excerpt":{"rendered":"

Partners for Growth provided debt financing to some of Saudi\u2019s leading startups, including Tabby<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[10,31,2757,1449,154,1448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84267","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-enterpriseam-ksa","tag-investment-watch","tag-jada-fund-of-funds","tag-partners-for-growth","tag-pif","tag-private-credit","wpautop","entry"],"acf":{"mongo_id":"0422147a-38ec-440c-92e9-9057b6ae120b","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"PIF\u2019s Jada writes USD 52 mn ticket to Partners for Growth private credit fund","related_issue":[84249],"teaser":"Partners for Growth provided debt financing to some of Saudi\u2019s leading startups, including Tabby","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.2af5ebe2-e0a3-4882-b24c-62405d7d70f7.mp3"},"yoast_head":"\nPIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund\" \/>\n<meta property=\"og:description\" content=\"Partners for Growth provided debt financing to some of Saudi\u2019s leading startups, including Tabby\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-12T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund\",\"datePublished\":\"2024-03-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\"},\"wordCount\":155,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"keywords\":[\"EnterpriseAM KSA\",\"INVESTMENT WATCH\",\"Jada Fund of Funds\",\"Partners for Growth\",\"PIF\",\"private credit\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\",\"name\":\"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"datePublished\":\"2024-03-12T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/","og_locale":"en_US","og_type":"article","og_title":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund","og_description":"Partners for Growth provided debt financing to some of Saudi\u2019s leading startups, including Tabby","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/","og_site_name":"KSA","article_published_time":"2024-03-12T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund","datePublished":"2024-03-12T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/"},"wordCount":155,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"keywords":["EnterpriseAM KSA","INVESTMENT WATCH","Jada Fund of Funds","Partners for Growth","PIF","private credit"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/","name":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"datePublished":"2024-03-12T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/12\/pifs-jada-writes-usd-52-mn-ticket-to-us-based-private-credit-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"PIF\u2019s Jada writes USD 52 mn ticket to US-based private credit fund"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=84267"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84267\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/84249"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=84267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=84267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=84267"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=84267"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}