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.