SVC Commits $30 Million to General Atlantic's Fund
SVC is an investment company established in 2018 and is a subsidiary of the SME Bank, part of the National Development Fund (NDF).
By Inc.Arabia Staff
Saudi Venture Capital (SVC) has announced an investment worth $30 million in a private equity fund managed by US-based growth equity investor General Atlantic. General Atlantic boasts approximately $84 billion in assets under management as of March 31st, 2024.[1]
The fund will particularly target investments in Saudi Arabia, focusing on key industries including consumer, financial services, healthcare, life sciences, and technology.
Established in 1980, General Atlantic's extensive experience and global reach make it a fitting partner for SVC's investment aspirations.
SVC is an investment company established in 2018 and is a subsidiary of the SME Bank, part of the National Development Fund (NDF).
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