King & Spalding Advised Jadwa Investment On Launch Of SAR 750 Million GCC Diversified Private Credit Fund

King & Spalding advised Jadwa Investment on launch of SAR 750 million GCC Diversified Private Credit Fund

The global law firm, King & Spalding advised Jadwa Investment, one of the Middle East’s leading investment management and advisory firms, on the launch of the Jadwa GCC Diversified Private Credit Fund. The flagship fund has a target size of up to SAR 750 million (approximately USD 200 million) and represents a significant milestone in the development of the private credit market across the Gulf Cooperation Council (GCC) region.

The fund successfully completed its first close at over SAR 300 million (approximately USD 80 million) and has already deployed capital into its initial investments through partnerships with regional fintech platforms Lendo and JeelPay. Additional investments are expected to close in the first half of 2026.

The Jadwa GCC Diversified Private Credit Fund marks Jadwa Investment’s first blind-pool regional private credit vehicle, providing institutional and private wealth investors with access to high-quality opportunities in the GCC’s rapidly expanding private credit market. The fund launch underscores the growing significance of private credit as a strategic asset class for sophisticated investors in the region, supported by Saudi Arabia’s economic transformation initiatives and strong demand for credit across the broader GCC.

King & Spalding provided comprehensive legal advice on all aspects of the fund structuring and launch, drawing upon the firm’s deep expertise in investment funds, capital markets, and cross-border transactions in the Middle East. The mandate included advising on regulatory, structuring, and commercial considerations, including an innovative onshore-offshore structure that is novel for credit funds in the region.

The King & Spalding team advising Jadwa Investment included James Stull (Partner, Dubai) and Sayf Shuqair (Partner, Dubai), Dora Chan (Counsel, Singapore), and Husam Alhmary (Associate, Riyadh) and Nick Impey (Associate, London).

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