SVC Investment in Funds (Fund-of-Funds)

SVC Investment in Funds (Fund-of-Funds)

Funds Saudi focused private capital through SVC by making commitments into funds across development stages and growth sectors.

SVC — Saudi Venture Capital Company's Fund Investment programme is the flagship activity of SVC, a subsidiary of SME Bank under Saudi Arabia's National Development Fund (NDF), established in 2018 with an original investment mandate of SAR 2.8 billion (approximately $750 million). The programme operates as a fund-of-funds, making LP commitments into private capital funds that invest in Saudi Arabia's startup and SME ecosystem, spanning pre-seed to pre-IPO stages. As of publicly available data, SVC has deployed SAR 1.2 billion across 40 or more funds, and in November 2025 announced a SAR 1 billion commitment into 17 US-based venture capital and private equity funds.

SVC accepts LP applications from three types of private capital vehicles: Venture Capital funds (including accelerators and startup studios), Private Equity funds, and Venture Debt or Private Debt funds. The programme imposes a contribution cap of 65% of any single fund's total size, with the aggregate cap on all Saudi government-affiliated entities also held to 65% of a fund. There is no disclosed minimum or maximum ticket size per fund on a per-application basis, though the direct co-investment programme requires a minimum ticket of SAR 1 million per round. The sector focus is described as impact-driven and strategically significant, aligned with Saudi Vision 2030 priorities.

Fund managers targeting Saudi Arabia's venture and growth capital market — whether domestic Saudi GPs or international funds with a Saudi market mandate — may apply to SVC for LP capital. SVC is distinct from Jada Fund of Funds, which is a subsidiary of the Public Investment Fund (PIF) and a separate entity with different ticket profiles and ownership. Applications are reviewed by SVC's investment team on a deal-by-deal basis; managers should demonstrate a credible Saudi investment strategy, qualified GP team, and alignment with SVC's mission to stimulate private capital market development across the Kingdom.