backA cross-office King & Spalding team recently advised Jadwa Investment, one of the Middle East's leading investment management and advisory firms, on the launch of the Jadwa GCC Diversified Private Credit Fund. The flagship fund has a target size of up to SAR 750 million (approximately USD 200 million) and represents a significant milestone in the development of the private credit market across the Gulf Cooperation Council region.
The fund successfully completed its first close at over SAR 300 million (approximately USD 80 million) and has already deployed capital into its initial investments through partnerships with regional fintech platforms Lendo and JeelPay. Additional investments are expected to close in the first half of 2026.
The Jadwa GCC Diversified Private Credit Fund marks Jadwa Investment's first blind-pool regional private credit vehicle, providing institutional and private wealth investors with access to high-quality opportunities in the GCC's rapidly expanding private credit market. The fund launch underscores the growing significance of private credit as a strategic asset class for sophisticated investors in the region, supported by Saudi Arabia's economic transformation initiatives and strong demand for credit across the broader GCC.
King & Spalding provided comprehensive legal advice on all aspects of the fund structuring and launch, drawing upon the firm's deep expertise in investment funds, capital markets, and cross-border transactions in the Middle East. The firm's counsel addressed the regulatory, structuring, and commercial considerations essential to establishing a pioneering private credit platform in the region – which included an innovative onshore-offshore structure which is novel for credit funds in the region.
The King & Spalding team advising Jadwa included partners James Stull (Dubai) and Sayf Shuqair (Dubai), counsel Dora Chan (Singapore), associates Husam Alhmary (Riyadh) and Nick Impey (London).
Jadwa Investment is a Riyadh-headquartered investment management and advisory firm with more than SAR 110 billion (approximately USD 30 billion) in client assets under management across public equity, private equity, real estate, private credit, fixed income, and money market investments. The firm's clients include government-related entities, local and international institutional investors, and private wealth investors. Jadwa Investment is licensed by the Capital Market Authority of Saudi Arabia as a capital market institution.
This is the second landmark fund for Jadwa Investment that King & Spalding has assisted on in the past year. Last year King & Spalding advised Jadwa Investment on the launch of Jadwa GCC Private Equity Fund 1, a Saudi domiciled investment fund targeting up to SAR 2 billion (~US$533 million) in capital commitments.
Further information on that fund is available here.