Shuaa Capital launches $250m venture debt fund
Dubai-based investment bank Shuaa Capital has launched a $250 million fund, the GCC's largest venture debt fund, which will support the growth of regional technology companies that are seeking alternative sources of capital.
“We aim to support the growth of businesses, create jobs, lead further developments in innovation and technology, support economic diversification and guide founders towards realising their vision," said Natasha Hannoun, head of debt at Shuaa Capital.
"Our investors have the opportunity to diversify into a new asset class in technology, with a shorter investment horizon, frequent distributions and attractive financial returns”
Shuaa, which has assets worth nearly $14 billion under management, said the fund seeks to capitalise on the need for funding from sources that can help businesses evolve throughout their growth cycle.
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