Abu Dhabi Developmental Holding Co., or ADQ, has invested $125 million in a fund launched by the private equity firm Aliph Capital.
Based in Abu Dhabi Global Market, Aliph Fund I is a $250 million target private equity fund that aims to invest in high quality mid-sized companies in the UAE and across the Gulf region, according to a statement.
This comes as the fund seeks to accelerate its expansion and growth plans.
Aliph Capital intends to acquire sizable, active positions in privately owned mid-market companies across the Gulf Cooperation Council countries that possess strong business fundamentals.
It will scale up companies by helping founders adopt technology platforms and tools to grow revenues, optimize operations, and cut costs.
“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.