Gulf Islamic Investments launches a $100million Shari’ah-compliant debt fund for GCC and India

Gulf Islamic Investments launches a $100million Shari’ah-compliant debt fund for GCC and India

Gulf Islamic Investments (GII), UAE based Shari’ah-compliant global alternative investment company is launching a $100million Debt Fund – GII Debt Fund-I. The new fund will focus on supporting high growth companies in resilient sectors such as consumer, healthcare, education, logistics, and technology enabled businesses in the GCC region and high growth Indian companies looking to expand in the GCC and internationally.

Globally, venture debt is an important asset class for high growth companies to support the growth between two equity raises. Companies typically use the capital for team building, working capital, and capex investments. In US, the venture debt industry is 15-20 percent of venture capital investments over long term. The market is underpenetrated in GCC and India region.

Total VC funding activity reached record level of $2.6billion in 2021 in GCC region with UAE and KSA leading with major reforms and policy innovations presenting growth opportunity for home grown and international businesses.