The Dubai International Financial Centre and credit manager Partners for Growth have announced a strategic partnership to scale the next generation of high-growth companies across Dubai and the Gulf.
The partnership will aim to provide structured growth debt to companies operating in several technology sectors, including fintech, healthtech, insurtech, proptech, SME digital finance, and even spacetech.
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While the focus will be to support high-growth companies headquartered in Dubai or in the six countries comprising the Gulf Cooperation Council, a portion of capital may also be deployed globally, the announcement said. It would be used to back international businesses that provide strategic value to the Gulf region through their technology, talent, or sector leadership.
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PFG is set to lead on origination, underwriting, and portfolio management.
“We are proud to be working with the Dubai International Financial Centre,” said Armineh Baghoomian, managing director and head of EMEA at PFG. “They have been instrumental in shaping the region’s innovation economy and their support is a strong vote of confidence in the role growth debt is already playing across the GCC.”
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