A unit of Saudi Arabia’s Public Investment Fund has begun pouring more money into private credit, making it the latest in a string of Gulf entities to do so.
Jada Fund of Funds, a PIF subsidiary, recently struck a deal to invest with India-based venture debt firm Stride Ventures and is aiming to deploy $200m into the kingdom over the next two years, Bloomberg reported.
Read more: GCC private credit market $5bn and growing
The tie-up demonstrates how many Gulf entities are continuing to invest in private credit, despite recent concern over private credit markets in the US. Blue Owl Capital recently gated one of its retail private credit funds, sparking concern about the liquidity of these funds. Blue Owl had been under pressure from redemption requests on its business development companies since 2025.
“Private credit remains significantly untapped in the Saudi market compared to the rest of the world so we really want to increase our allocation,” Bandr Alhomaly, chief executive of Jada, said in an interview, calling it a “priority asset class” for the firm.
Read more: Jefferies makes Saudi private credit debut with $125m facility
More players in the Gulf region are looking at private credit deals. Earlier this week, 5C Investment Partners announced a strategic partnership with the Qatar Investment Authority to help expand its direct lending platform and drive the development of new investment strategies and financing solutions.
