{"id":91139,"date":"2024-11-03T00:00:00","date_gmt":"2024-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/03\/bim-ventures-and-sbi-holding-unveil-jv-with-usd-2-bn-aum-target\/"},"modified":"2024-11-03T00:00:00","modified_gmt":"2024-11-03T00:00:00","slug":"bim-ventures-and-sbi-holding-unveil-jv-with-usd-2-bn-aum-target","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/03\/bim-ventures-and-sbi-holding-unveil-jv-with-usd-2-bn-aum-target\/","title":{"rendered":"BIM Ventures and SBI Holding unveil JV with USD 2 bn AUM target"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Riyadh-headquartered VC <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bimventures.com\/\" style=\"\" rel=\"noopener\">BIM Ventures<\/a><\/strong><strong> and Japanese investor <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sbigroup.co.jp\/english\/\" style=\"\" rel=\"noopener\">SBI Holdings<\/a><\/strong><strong> launched a <\/strong><strong>new joint venture, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bimcapital.sa\/ar\" style=\"\" rel=\"noopener\">BIM Capital<\/a><\/strong>, which will target investments in private equity, venture capital, debt funds, and real estate development in Saudi Arabia and the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/10\/bim-ventures-unite-sbi-holding-launch-200-million-fund-bim-capital\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the new fund:<\/strong> BIM Capital will focus on high growth sectors such as tech, emerging industries, and real estate, while exploring flexible financing options that include venture debt, private credit markets, and real estate development funds to support high-growth companies and projects while managing risks to secure high returns, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment targets: <\/strong>The JV seeks to attract USD 200 mn (SAR 750 mn) in foreign direct investment (FDI), while targeting total assets under management (AUM) exceeding USD 2 bn (SAR 7.5 bn). <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The announcement was made at the Future Investment Initiative (FII) forum<\/p>\n","protected":false},"author":1,"featured_media":91140,"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":[2556],"tags":[730,10,1271,179,2330],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-bim-ventures","tag-enterpriseam-ksa","tag-future-investment-initiative","tag-startup-watch","tag-vc-funding","wpautop","entry"],"acf":{"mongo_id":"b14cb30b-629b-41cc-be7b-5b3958491955","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/63.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BIM Ventures and Japan\u2019s SBI Holding unveil JV with USD 2 bn AUM target","related_issue":[91120],"teaser":"The announcement was made at the Future Investment Initiative (FII) forum","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.5ac5d27c-c0db-4b0a-8736-7e16b0a74386.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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