Aliph Capital closes Gulf's first woman-led PE fund at $200m, backed by ADQ, Jada and SVC
Abu Dhabi-based Aliph Capital, the first woman-founded private equity firm in the Gulf, closed its debut fund at $200 million.
Aliph Capital, the Abu Dhabi-based private equity firm founded by Huda Al Lawati, has closed its debut fund at $200 million. Al Lawati, who leads what is described as the first woman-founded private equity firm in the Gulf, said the fund landed about 20% short of its original target during one of the hardest periods for private equity globally.
The fund is backed by prominent regional limited partners, including Abu Dhabi sovereign investor ADQ, Saudi Arabia's Jada, a subsidiary of the Public Investment Fund, and Saudi Venture Capital.
Aliph Capital focuses on Gulf-based mid-market companies in infrastructure-related services, healthcare, education and consumer sectors, deploying between $15 million and $40 million per deal. The firm has made two platform investments: The Petshop, a UAE retail and veterinary services business, and Sanipex Group, a Dubai-based supplier of premium fittings.