GCC-focused investment partnership Amplify Growth launched a USD 100 mn private debt fund targeting tech companies across the Mena+Turkey region, according to a press release. The fund will be mainly dedicated to firms in the Series A to Series C stages.

About Amplify Growth: The partnership was recently established by Dubai-based asset manager Ajeej Capital, who manages the fund, and venture capital platform Nuwa Capital, serving as an advisor.

The first transaction is wrapping up with more to come: Amplify has already sealed its first transaction with a Saudi-based fintech company, declining to share its name. A second investment from the fund will be announced soon, fund head Sharaf Sharaf said.

Amplify will dedicate up to 20% of its capital to companies outside the region working towards entering markets in the region, and standard businesses aiming to incorporate technology into their operations.

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