Abu Dhabi Development Holding Co. (ADQ) has invested $125 million in private equity firm, Aliph Capital’s fund. Aliph Fund I is a $250 million target private equity fund based in Abu Dhabi Global Market, that aims to invest in mid-sized companies in the Gulf and the UAE.
“The timing is perfect for GCC-based private equity to invest in the region’s mid-market growth stars, who – when fully equipped with digital and tech enablement levers – will generate significant returns and power the ongoing diversification and transformation of the GCC economy,” CEO Huda Al-Lawati said.
“Aliph Capital will seek to acquire sizeable, active positions in privately owned mid-market companies across the GCC that possess robust business fundamentals,” the ADQ statement said.
The firm plans to deploy its first fund across about 10 to 12 companies, Lawati said, Reuters reported.
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