• Shorooq launched a USD 200M late-stage growth fund under its Qatalyst Series, targeting scaled companies preparing for IPOs.
• The fund has backing from QIA and regional institutional partners, and aims to close MENA’s late-stage and pre-IPO capital gap.
• The launch strengthens Shorooq’s full-stack platform, supporting founders from early-stage backing through late-stage growth and public-market readiness.

Shorooq

Shorooq, a multi-strategy investment firm, launched a USD 200 million late-stage growth fund. The launch was backed by Qatar Investment Authority (QIA), among others, at Web Summit Qatar.

The fund is launching under the Qatalyst Series and aims to support companies at a pivotal stage of maturity. These are businesses with proven scale, strong fundamentals, and clear pathways to exit, particularly through the IPO route. 

The fund has backing from QIA and support from Shorooq’s roster of sovereign and institutional partners across the GCC and Asia. Furthermore, it seeks to institutionalize the region’s missing late-stage and pre-IPO engine.

It aims to make public-market readiness a repeatable pathway rather than an episodic outcome. Moreover, it aims to bring the long-term capital needed to help private champions become public leaders.

Growth Stage Fund

The fund seeks to target investments across sectors where innovation, scale, and long-term structural demand intersect. Furthermore, it aims to focus on businesses capable of regional and global leadership.

The launch of the fund aims to reinforce Shorooq’s evolution into a full-stack investment platform. This launch will enable the investment firm to support founders across the capital stack. This ranges from early conviction and scale-up financing through to late-stage growth and pre-IPO execution. 

“With our venture capital vehicles, credit strategies, and now a dedicated late-stage growth fund, we are uniquely positioned to support companies across the entire venture capital stack—from early conviction to late-stage scale and public market readiness,” said Mahmoud Adi, Founding Partner, Shorooq.