Saudi Arabia’s wealth fund to seed venture and private equity firms investing in the country, is backing Turmeric Capital, an investment firm led by former L Catterton Asia head Ravi Thakran, according to a report by Bloomberg.
Saudi Arabia’s wealth fund to seed venture and private equity firms investing in the country, is backing Turmeric Capital, an investment firm led by former L Catterton Asia head Ravi Thakran, according to a report by Bloomberg.
The Suadi fund is to commit about USD100 million to the New Consumer Growth Fund, which is looking to deploy capital “in vibrant regional businesses across the developing underfunded markets” in the Middle East, North Africa and South Asia.
Turmeric is establishing the fund in partnership with LVMH-backed L Catterton.
