Jada invests in ECG’s new fund

Jada invests in ECG’s new fund
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Updated 02 November 2021
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Jada invests in ECG’s new fund

Jada invests in ECG’s new fund

RIYADH: Jada, the Fund of Funds Company, a subsidiary of the Public Investment Fund, has become an anchor investor in global investment firm Energy Capital Group’s new fund.

The new fund is the result of a merger between ECG and Cayan Holdings. It aims to acquire companies and create “national champions” in energy and energy-related technologies, according to a statement on Sunday. 

Riyadh-based Watar Partners, a leading Saudi-based multi-office family investment company, will serve as a strategic adviser to the new fund.