Aliph Capital raises $200 million for Gulf investments
- Aliph Capital closed its debut fund at $200 million, significantly lower than its initial target.
- The firm intends to invest in mid-sized Gulf companies across several growing sectors.
- This investment marks a critical step in supporting regional economic development, reflecting growing confidence in the market.
In a significant development for the Gulf investment landscape, Aliph Capital, the region's first woman-led private equity firm, secured $200 million for its debut fund. Based in Abu Dhabi, Aliph Capital was founded by Huda Al Lawati, who has steered the firm through challenging times for private equity globally. Despite raising less than the targeted amount, Al Lawati expressed confidence in the firm’s strategy aimed at investing in mid-sized companies across various sectors, particularly those poised to benefit from the region's economic growth. The fund’s investment strategy focuses on mid-sized companies operating in sectors such as healthcare, education, consumer industries, and infrastructure. Aliph Fund I dreams big, intending to invest between $15 million and $40 million in companies that align with the region's growing sectors. Aliph’s firm connections with substantial investors, including Abu Dhabi’s sovereign wealth fund, ADQ, and the Saudi Public Investment Fund’s Jada, have positioned it favorably for future endeavors. In line with its growth strategy, Aliph Capital has already made strides by investing in two UAE-based companies: The Petshop and Sanipex Group. The Petshop, which was acquired last year, has notably expanded its market presence by doubling its physical footprint to 12 locations and enhancing its service offerings with new veterinary services. This venture capitalizes on the increasing interest in pet ownership in the UAE, coinciding with a cultural shift that is loosening previous prohibitions on pets, particularly dogs. Al Lawati's experience with pet ownership evolved from avoidance to a newfound fondness, as she currently owns three Shih Tzus. As Aliph navigates through investment opportunities, the firm remains focused on ensuring that family-run businesses like The Petshop are prepared for succession and potential acquisitions. Furthermore, the UAE's booming real estate industry provides a positive backdrop for Sanipex Group, which specializes in luxury finishing products and services, reflecting the region's strong demand in this segment.