Investment firm Shorooq announced the launch of a $200M capital fund that will finance to help firms prepare for IPO listings.
The fund, part of the Qatalyst Series, will offer equity financing to mature firms operating in the GCC and wider Asian market.
GCC SWF Backing
Shorooq is an Abu Dhabi-based alternative asset manager.
The firm is attracting enormous interest across GCC SWFs: QIA joins PIF (KSA), Mubadala (UAE), and the Dubai Future District Fund (UAE) as backers.
Shortlisted Firms
Target beneficiaries include firms with proven scale, strong fundamentals, and lasting unit economics. Enterprises ranging from fintech infrastructure, software, and AI sectors are shortlisted.
The Qatar Investment Authority (QIA) is an anchor investor in the fund. As part of the deal, Shorooq plans to open a Doha office.
Mahmoud Adi and Shane Shin are the founding partners of Shorooq.
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