FUND DUBAI
BY Venture Partners closes $60M Fund III for AI-native startups
Dubai Future District Fund anchors a $1M-ticket enterprise-AI vehicle, fifth regional fund story in 48 hours.
$60M (AUM past $200M)
The Wire · FUND
Funds
New vehicles, closes and mandates: who has fresh capital to deploy.
November 2026 5
FUND ABU DHABI
Mubadala Capital ventures chief Ibrahim Ajami to launch $500M fund, Noha
Mubadala Capital seeds its own ventures chief's independent shop with several hundred million, a first for Gulf sovereign venture.
Undisclosed
$500M target debut fund
FUND CAIRO
Tanmiya Capital closes $130M second fund for Egyptian growth companies
EIB, EBRD, IFC and MSMEDA stack the second DFI-anchored Egyptian fund close inside 48 hours.
$130M final close
FUND MUSCAT
Oman's Phaze Ventures targets $75M across two AI and deeptech funds
ITHCA, Ominvest, Oman LNG and Future Fund Oman anchor the Omani state's deepest venture commitment yet.
$40M+ committed · $75M target
FUND CAIRO
DPI closes Egypt-born fintech fund Nclude at more than $112M
Banque Misr, NBE, Banque du Caire, eFinance and Mastercard stack the LP register as DPI closes above target in a dead African fundraising market.
$112M+ final close
October 2026 7
FUND AMMAN
Anara Impact Capital closes $48M of a $50M debut fund, the first early-stage impact VC for MENA
Amman-based Anara reaches a $48M first close toward a $50M target, anchored by KfW with Jordan's ISSF committing $4M to back seed-to-Series A impact startups.
$48M first close · $50M target
FUND DUBAI
Phoenix Venture Partners completes debut fundraise with $23M across fund and co-investments
The Abu Dhabi early-stage firm closed Fund I below its $50M target with 42 LPs across nine jurisdictions, and reports a top-decile 1.53x TVPI.
~$23M ($50M target)
FIFTY DEGREE ALERT DUBAI
DIEZ doubles Oraseya Capital to AED 1B and takes the mandate global
Dubai's economic zones authority lifts its venture fund to AED 1B, doubles the maximum cheque to $6M and widens eligibility to global companies.
AED 1B (~$272M)
FUND RIYADH
Janus Henderson banks $191M at second close of Shariah-compliant MENA private credit fund
MENA Private Credit Fund IV is two-thirds of the way to its $300M target, backed by Saudi and UAE institutions and family offices.
$191M · $300M target
FUND RIYADH
Mnzil, TDG and Capital Partners launch SAR 1B workforce housing fund
A new CMA-licensed vehicle targets SAR 1B to build housing for up to 50,000 workers across six Saudi cities, with Mnzil as exclusive operator.
Undisclosed
SAR 1B (~$267M) target
FUND RIYADH
Saudi Eksab anchors IDC Impact Fund in first international deployment
Saudi Eksab anchors the IDC Impact Fund alongside IDB Invest, CAF and the IDC Network, taking Saudi capital into Central American and Caribbean impact private equity for the first time.
Undisclosed (reported)
FIFTY DEGREE ALERT MANAMA
Investcorp closes second North America private equity fund above target at $1.22B
The Bahrain-headquartered manager beat its $1.1B target with commitments from institutional LPs across four regions, and the fund is already deployed.
$1.22B
September 2026 2
FIFTY DEGREE ALERT RIYADH
HUMAIN plans an initial $2.5B fund for Saudi data centres, Bloomberg reports
BSF Capital would manage a debt-and-equity vehicle to finance 250 MW of capacity built with Al Moammar Information Systems, with a path to 1 GW.
$2.5B (reported)
FIFTY DEGREE ALERT RIYADH
HUMAIN says its global venture fund will launch this year, bigger than the $10B planned
The PIF-owned AI champion will run the vehicle from Saudi, the US, France and the UK, with a Saudi-only fund called HUMAIN Limitless alongside it.
Undisclosed
>$10B planned
April 2026 1
FUND DUBAI
Homegrown Ventures closes an oversubscribed $22.8M Fund I for consumer brands
The operator-run UAE fund beats its $20M target with family offices, corporate strategics and industry operators as LPs, with five investments already made.
$22.8M