GCC-based private equity fund manager Aliph Capital closed its debut fund Aliph Fund I at USD 200 mn, Semafor quotes Aliph’s Founder and CEO, Huda Al Lawati, as saying. 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).

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 diver deeper into the beginnings of the fund? You can read our My Morning Routine interview with Al Lawati from last year, where she discussed the origin stories of Aliph Capital, the fund’s strategy, and the evolution of the private equity industry in the region.

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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