Amwal Capital Partners launches $150m Shariah-compliant private credit fund
Gulf-based asset manager Amwal Capital Partners has launched a $150 million Shariah-compliant private credit fund focused on asset-backed lending across the Gulf region, Reuters reported.
The fund, which has already exceeded its initial close target, aims to deploy capital across 12 to 15 direct lending transactions over a five-year period. It will primarily target opportunities in Saudi Arabia and the United Arab Emirates, with a focus on tech-enabled platforms.
Sharif Eid, partner and co-head of fixed income at Amwal, said the fund has secured commitments from several leading regional institutional investors.
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Muhammad Ali Bandial