Saudi sovereign fund PIF to invest in Stride Ventures’ global private credit funds

Stride Ventures has entered into a partnership with Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), With this backing, Stride aims to deploy over USD 1 Billion globally across venture debt and growth credit strategies, including a target deployment of approximately USD 200 million in Saudi Arabian startups over the next two years.Founded in 2019, Stride has expanded from a domestic venture debt player into an international financial platform with an on-ground presence across India, the GCC and the UK and Europe, operating in diverse currency environments, including INR, USD and GBP.