Abraaj Global Credit Fund
USD 500m (target)
Financial instrument: Private Equity Fund
Financial intermediary: Abraaj Group
Gaining access to finance is a challenge even for mid-sized companies in developing countries, where foreign and local banks prefer to take less risks and therefore extend fewer loans. The Fund aims to bridge this gap and contribute to financial sector innovation and deepening. In addition, the creation of formalized jobs leads to better working conditions, including social and medical insurance benefits, as well as increased government revenues through tax contributions. With its investment of USD 10 million in AGCF, SIFEM supports the provision of finance to growth-oriented companies that drive resource efficiency and adhere to international sustainability standards in emerging markets and developing countries.