Tabby Champion PFG Looks to Drive Private Credit in Saudi Arabia
PFG was an early lender to fintech unicorn Tabby.
Partners for Growth is ramping up investments in Saudi Arabia, making the kingdom its biggest focus in the Middle East as tighter global liquidity drives demand for private credit.
The San Francisco-based firm plans to channel more than 80% of its new $50 million specialty lending fund with Sukna Capital into the Gulf nation, with a focus on high-growth tech companies, according to Armineh Baghoomian, PFG’s managing director and head of Europe, the Middle East and Africa.