RIYADH,
Saudi Arabia, May 19, 2024
/PRNewswire/ -- eWTP Arabia Capital Technology Fund I ("Techology
Fund I"), managed by eWTP Arabia Capital ("eWTPA"), one of the
leading private equity firms in the Middle East, was listed in the Preqin League
Tables as the the fifth top-performing VC funds in the US$250 Million to US$499
Million category by net Internal Rate of Return (IRR) for
vintages between 2015-2020.
"We're delighted by the recognition of our Technology Fund I as
a top-performing VC fund in our sector," expressed Jessica Wong, Founder and Managing Partner of
eWTPA. "This milestone underscores the commitment of our team and
the robustness of our investment strategy. It also underscores the
significant growth potential of the Middle East and North Africa market, particularly in
Saudi Arabia, warranting
attention. As a pivotal driver of technological advancement in the
region, we're steadfast in our mission to empower entrepreneurs and
deliver value to our investors."
"Being recognized by Preqin validates our hard work and
dedication to supporting and actively contributing towards building
the Saudi digital ecosystem," said Jerry
Li, Founder and Managing Partner of eWTPA. "As eWTPA
continues to grow and expand its investment portfolio, it remains
committed to fostering innovation and driving positive change in
Saudi, the GCC and the global emerging markets ecosystem."
eWTPA has demonstrated exceptional performance, solidifying its
position among industry leaders. This recognition underscores
eWTPA's commitment to identifying high-potential market
opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and
authoritative ranking system for private equity and venture capital
performance. Preqin, a leading data provider in the alternative
assets industry, compiles these league tables based on various
performance metrics, including net Internal Rate of Return (IRR)
and other key indicators.
eWTPA's success reflects its strategic approach to investing
high-growth sectors in the MENA region. The firm's portfolio
includes a diverse range of companies poised to make a significant
impact on their respective industries.
Acting as a bridge between Asia
and the Middle East, eWTPA's
Technology Fund I has achieved significant success since its
inception in 2019. The Fund has invested in over 18 companies,
several of which have successfully established themselves in KSA,
like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based
in Saudi Arabia and China. Backed by marquee regional and
international Sovereign Wealth Funds, Institutional investors, and
family offices, eWTPA helps create robust local digital ecosystems
in the MENA region by partnering with market-leading international
businesses and providing a gateway for these companies to establish
a strong and sustainable presence in the region. To date, eWTPA has
invested in over 18 companies, 13 of which have already established
themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
haile@ewtparabia.com
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SOURCE eWTP