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Emirates News Agency – SHUAA Capital launches $ 250m largest regional subprime loan fund

Emirates News Agency – SHUAA Capital launches $ 250m largest regional subprime loan fund

DUBAI, March 23, 2022 (WAM) – SHUAA Capital, a leading asset management and investment banking platform, today announced the launch of SHUAA Venture Partners, a US $ 250 million compliant fund for Sharia, focused on risky debt investments.

The fund is the EPA ‘s largest venture debt fund and was created to support the growth of regional technology and technology leaders seeking alternative sources of funding without significantly narrowing their shareholder base. The strategy was developed through a shared vision of the EPA’s regional objectives for economic diversification and the growth of the new economy.

Commenting on the launch of the fund, Natasha Hannoun, Head of Debt at SHUAA Capital, said, “SHUAA Venture Partners will provide alternative capital solutions to high growth companies across the EPA. Our goal is to support business growth, create jobs, foster developments in innovation and technology, support economic diversification and guide founders towards realizing their vision.

“Our investors have the opportunity to diversify into a new technology asset class with a shorter investment horizon, frequent distributions and attractive financial returns.”

Investments in growth companies across the EPA have been dominated by early stage markets and investors, with few people able to support companies through their growth cycle. As a result, many growth-oriented companies have limited access to larger pools of capital and non-equity financial solutions, a gap that must be filled in order for new businesses to succeed.

EPA has seen a 112% year-on-year rise in venture capital markets, with total investments in excess of $ 1.7 billion across 281 markets, the majority of which are equity investments. number of transactions and 45% of the value of transactions).

Venture capital debt has increased 4.2x since 2020, with a total of $ 257 million used over 14 investments, reflecting a clear demand for other sources of funding.

SHUAA is the largest debt franchise in the region, with $ 545 million deployed in private debt transactions and $ 3 billion structured across various sectors over the past 11 years, including technology.

Translated by: Gihane Fawzi.

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