Riyadh - Sharikat Mubasher: Growth Catalyst Fund (GCF), a Saudi private equity fund specializing in mid-market companies, completed its first close with total capital commitments of SAR 360 million, within a target fund size of SAR 750 million.

The first close was supported by leading government entities, investment institutions, and endowments, alongside a group of institutional investors, family offices, and individual investors, according to the official statement.

This milestone reflects the strong confidence in GCF’s strategy and the growth opportunities it targets. The fund's strategy is to support private-sector growth, deepen capital markets, and increase the contribution of small and mid-sized enterprises to the national economy, in alignment with Vision 2030.

Turki Al Dayel, Founder and CEO of Growth Catalyst Investment Company and Fund Manager, said: "The first close marks an important milestone in the fund's journey and reflects the confidence our investment strategy has earned from investors and partners. We look forward to deploying capital into promising opportunities that support the growth of Saudi mid-sized companies, strengthen their ability to scale, and create sustainable value."

Managed by Growth Catalyst Investment Company, Growth Catalyst Fund targets profitable, founder-led Saudi companies that have reached pivotal stages of growth and transformation, supporting them in strengthening governance, building institutional capabilities, accelerating growth and expansion, and enhancing their readiness for an initial public offering, strategic exit, or institutional ownership transition.

Growth Catalyst Fund pursues a diversified approach across vital sectors, including industrials, technology, healthcare, consumer, and business services.