Jada Fund of Funds

What Jada Fund of Funds does

Jada Fund of Funds is a Saudi Arabia-headquartered fund of funds established in 2018 by the Public Investment Fund (PIF) under a Council of Ministers resolution to develop the Kingdom's private capital ecosystem as a core pillar of Vision 2030 economic diversification. It makes LP commitments to venture capital, private equity, and private debt fund managers, operating across three core product pillars (VC Fund Investments, PE Fund Investments, Private Debt Fund Investments) and supporting complementary programs including the Emerging Manager Program, research publications, the annual SuperReturn Saudi Arabia conference, and invitation-only Executive Roundtables. As of 2026, Jada has committed SAR 3.5 billion across 47 portfolio funds, with SAR 1.1 billion deployed, generating a 4.8x first-derivative multiplier in co-investment capital and supporting 700+ SMEs and 19,000+ jobs in Saudi Arabia.

The business model is institutional LP investing rather than commercial product distribution. Jada's capital flows exclusively from its sovereign parent PIF, and its primary counterparties are qualified domestic and regional fund managers evaluated against Vision 2030 sector alignment, track record, Saudi pipeline, and governance criteria. There are no product pricing tiers or commercial pricing structures; investment terms are negotiated bilaterally with each GP. Revenue is generated through capital appreciation and distributions from portfolio fund investments, with ecosystem development — not profit maximization — as the explicit operating mandate. Jada's go-to-market is direct and outbound: a small internal investment team (11-50 employees) originates, diligeneces, and commits to fund managers, while ecosystem-building programs (conferences, training, research) build brand, pipeline, and Saudi GP capacity over time.

The platform is governed by a PIF-aligned board chaired by Omar Al-Madhi (Co-head of MENA Direct Investments at PIF) with CEO Bandr Alhomaly leading execution; vice-chair Eyas Al-Dossari and board members Dr. Hani Enaya, Haitham Alfayez, Omar Aldukhayil, and Tariq Linjawi bring additional senior investment, audit, and advisory backgrounds. Recent strategic moves have broadened the platform into private debt (Partners for Growth VII in 2024, Stride Ventures Debt Fund V in 2026), regional GCC PE (Jadwa GCC PE Fund I in 2024), and India-based fund managers (Stride Ventures). Jada has no disclosed technology platform, app, API, or proprietary AI capabilities — its competitive differentiation rests on sovereign backing, capital scale, ecosystem convener role, and the structural multiplier effect on Saudi private capital formation.

Name

Jada Fund of Funds

Legal name

Jada Fund of Funds Company

Website

https://jada.com.sa

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Jada Fund of Funds is a Saudi Arabia-based fund of funds established in 2018 by the Public Investment Fund (PIF) to develop the Kingdom's private capital ecosystem. It commits LP capital across 47 venture capital, private equity, and private debt funds supporting Saudi SME growth under Vision 2030.

Ownership category

akta.pro rank

Product category

Fund of Funds / Private Capital Investment

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact Investment & Development Investment Funds (BPADACAO)

akta.pro secondary industries

SDG / Thematic Sustainable Investment Funds (FSANAJAN), Sovereign Wealth Funds (SWFs) (FSAAAGAD)

Keywords

• Fund of funds
• Venture capital investment
• Private equity funds
• Private debt funds
• SME financing

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Capital Returns from Fund Investments: Jada generates returns through capital appreciation and distributions from its portfolio of VC, PE, and private debt fund investments. As a PIF-owned entity, Jada's primary mandate is economic development and ecosystem building rather than profit maximization.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Jada Fund of Funds is a fund-of-funds platform established by Saudi Arabia's Public Investment Fund (PIF) in 2018 to catalyze the development of the Kingdom's private capital ecosystem. It makes direct limited partner (LP) commitments to venture capital, private equity, and private debt fund managers operating in Saudi Arabia, channeling capital to high-growth SMEs across technology, healthcare, logistics, retail, and other Vision 2030 priority sectors. Jada also operates the Emerging Manager Program to develop next-generation Saudi fund managers and produces industry research and events.

Product overview

Jada Fund of Funds is a fund-of-funds platform established by Saudi Arabia's Public Investment Fund (PIF) in 2018 to catalyze the growth of the Kingdom's private capital ecosystem. The company operates as a single unified platform providing strategic capital commitments across three core investment pillars: Venture Capital Fund Investments, Private Equity Fund Investments, and Private Debt Fund Investments. These core products are supported by complementary programs including the Emerging Manager Program for developing fund managers, Research Publications including annual reports and market analysis, and event platforms such as SuperReturn Saudi Arabia and Executive Roundtables. The portfolio spans technology, healthcare, logistics, retail, and more, aligned with Vision 2030 goals of economic diversification.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Fund Investments LP capital commitments to venture capital fund managers that provide funding to high-potential startups and early-stage companies in Saudi Arabia, supporting the growth of the domestic VC ecosystem. For fund managers raising early-stage Saudi-focused funds.
• Private Equity Fund Investments LP capital commitments to private equity funds targeting growth-stage and mid-market companies in Saudi Arabia and the GCC, enabling capital deployment into established businesses for scaling and acquisitions. For PE fund managers raising blind-pool growth funds.
• Private Debt Fund Investments LP capital commitments to private debt and venture debt funds offering non-dilutive financing to high-growth Saudi companies and SMEs, preserving founder ownership while funding growth and extending runway between equity rounds. For private debt and venture debt fund managers.
• Emerging Manager Program A 3-4 day flagship training program developing Saudi-focused venture capital, private equity, and private debt managers through structured courses, mentorship, and ecosystem access, delivered in collaboration with global partners and leading institutions (~25% acceptance rate). For emerging Saudi fund managers.

Quantifiable outcome

• For every dollar Jada invests, foreign investors commit three dollars, rising to six when including all investors
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• European Investment Fund (EIF): EU-backed fund-of-funds investor providing LP commitments to European VC and PE fund managers, with a strong focus on SME financing. Mirrors Jada's FoF structure and developmental mandate, operating at supranational rather than national level.
• Bpifrance: French state-owned investment bank that operates fund-of-funds vehicles investing in French and European VC and PE managers. Shares the sovereign-backed, ecosystem-building FoF model and similar mandate to channel capital into domestic SMEs via GP selection.
• Sanabil Investments: Wholly owned by Saudi Arabia's Public Investment Fund (PIF), Sanabil deploys capital into VC funds and direct startup investments globally. It is the most direct functional peer to Jada within the same parent organization, operating an overlapping Saudi-mandated fund-of-funds and direct-investment strategy.
• KfW Capital: German state-owned fund of funds that invests in German and European VC fund managers to strengthen the domestic VC ecosystem. Highly comparable in mission (state-backed FoF developing a regional VCPE market), structure (FoF LP investor), and ecosystem-development mandate.
• British International Investment (BII): UK government-owned development finance institution that invests via fund managers and direct deals across emerging markets to support SME growth. Comparable in being a state-owned LP focused on private capital ecosystem development.
• SIDBI Fund of Funds: Indian government's fund of funds (managed by SIDBI) that invests in domestic VC fund managers to scale India's VC ecosystem and SME financing. Closely comparable in model: state-owned FoF channeling capital through domestic GPs to develop a national VCPE industry.

Broad incumbents

• Abu Dhabi Investment Authority (ADIA): One of the world's largest sovereign wealth funds based in Abu Dhabi, with significant PE and VC allocations globally. Functions as a comparable sovereign LP in alternative asset fund managers, though at far greater scale and with a global rather than single-country focus.
• Mubadala Investment Company: UAE sovereign wealth fund that deploys capital across PE, VC, and direct investments globally. Comparable as a regional sovereign investor with overlapping fund commitments, though broader mandate and not structured as a pure FoF.
• Kuwait Investment Authority (KIA): Gulf sovereign wealth fund with global PE/VC commitments. Operates in the same regional LP ecosystem as Jada with similar LP commitments to alternative asset fund managers, though with broader geographic mandate.

Regional players

• BNDES: Brazilian Development Bank with significant PE and VC fund investments supporting domestic SMEs. Shares the development-bank FoF model and ecosystem-development mandate, though operating in Latin America rather than MENA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jada Fund of Funds