Amplify Growth Partnership has announced the launch of its growth debt fund. The $100 million fund aims to provide debt capital to technology focused companies across the Middle East, North Africa, and Turkey (MENA) region.

The Fund is also announced that it has successfully closed its first transaction, deploying capital to fund the growth capital requirements of an innovative fintech company in the Kingdom of Saudi Arabia.

Amplify seeks to bridge the existing debt capital gap and accelerate the growth of technology-driven businesses in the Series A to Series C stages.

Sharaf Sharaf will lead Amplify, overseeing origination, deal evaluation and portfolio management. A regional investment professional,

“The Amplify Growth Fund is poised to meet the region’s growing demand for debt capital in the venture and SME sectors, which are areas that have been historically underserved. Amplify unites two pioneering investment firms, Ajeej Capital and Nuwa Capital, who, together with the Amplify team, seek to build an enduring franchise that empowers companies to access the growth capital they need to realise their ambitions.”

Sharaf commented.

The fund’s primary investment focus will be on companies with proven market demand that are actively scaling their business. Up to 20% of Amplify’s capital will be available for businesses outside of MENA aiming to enter the region and for traditional enterprises integrating technology into their operations.

Amplify Growth Partnership GP Limited is a partnership between Ajeej Capital and Nuwa Capital. Both firms will leverage their expertise and networks to create opportunities for Amplify and its portfolio companies.

Featured image credit: Sharaf Sharaf, Fund Head, Amplify. Edited from freepik