Jada to invest in Merak Capital
Jada Fund of Funds Wednesday made an official commitment to Merak Technology Ventures Fund, which focuses on early-stage technology companies in the Kingdom, and is managed by Merak Capital, a blind pool venture capital (VC).
Merak Capital launched one of the first VC funds operating under the jurisdiction of the Capital Market Authority (CMA) in Saudi Arabia, focusing on the growth and scaling of small to medium enterprises (SMEs) and startups operating in the fields of the digital economy and infrastructure, financial technologies (FinTech) and emerging fourth industrial revolution (4IR) technologies.
Adel Al Ateeq, CEO of Jada, commented on the commitment: “Jada’s commitment to Merak Capital demonstrates our appetite for Emerging Managers, which is a testament to our core belief that emerging fund managers can propel Saudi’s venture capital sector forwards, once they have the right structures, strategy, governance and alignment of interest
Jada makes commitment to Merak Capital to support early stage tech startups in Saudi Arabia January 13, 2021
Adel Al Ateeq, CEO of Jada, and Merak Capital CEO Abdullah Altamami, during the agreement that will focus on the growth and scaling of small to medium enterprises (SMEs) and startups operating in the fields of the digital economy and infrastructure, financial technologies (FinTech) and emerging fourth industrial revolution (4IR) technologies.
RIYADH Jada Fund of Funds Wednesday made an official commitment to Merak Technology Ventures Fund, which focuses on early-stage technology companies in the Kingdom, and is managed by Merak Capital, a blind pool venture capital (VC).
PEF Services Announces Accounting Portal for Clients
Innovative, next-generation Accounting Portal provides new levels of transparency and self-service reporting with direct access to the official books and records of funds
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WEST ORANGE, N.J., Dec. 15, 2020 /PRNewswire/ PEF Services LLC ( PEF ), a leading fund administrator for alternative investment managers, today announced the availability of its purpose-built Accounting Portal within the ViewPoint™ investor portal framework. The Accounting Portal offers enhanced access to the fund s books and records as well as workflows for review and approval. Our industry has long been plagued by repeated reconciliation efforts due to lack of access by all parties to data sourced from the official books and records of the fund. Our portal solved that for investors and clients, said Anne Anquillare, CFA, Chief Executive Officer and President, PEF Services LLC. We wanted t