Saudi Venture Capital (SVC) announced its investment of $30 million in Olive Rock Partners Fund I, a regional private equity fund that focuses on actively investing in macro-supported mid-market buyouts that are demographically driven, geographically advantaged, and technologically enabled.
Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: “The investment in Olive Rock Partners Fund I is part of SVC’s Investment in Funds Program, which is a continuation of the company’s series of investments and an implementation of its strategy related to developing and sustaining financing for startups and SMEs, especially in strategic sectors.”
SVC is an investment company that was established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund. SVC aims to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO through both fund investments and direct investments in startups and SMEs.
