Fund attains nearly two-thirds of its US$ 300mn target size
Janus Henderson recently announced the successful second close of its Shariah-compliant direct lending vehicle Janus Henderson MENA Private Credit Fund IV, securing US$ 191mn in investor commitments towards its US$ 300mn target. The close marks a significant milestone for the firm’s expansion of tailored financing solutions.
The second close was supported by institutional investors and family offices in Saudi Arabia and the UAE, reflecting the growing role of private credit as regional companies seek flexible sources of financing beyond traditional bank lending and capital markets.
Fund IV is the fourth private credit vehicle managed by the investment team, which pioneered dedicated MENA private credit in 2008. Following the integration of the platform into Janus Henderson in 2024, the team combines its deep regional relationships and local market expertise with the institutional resources and global reach of Janus Henderson Investors.
Strategy
The strategy provides primarily Shariah-compliant capital solutions to profitable mid-market companies across Saudi Arabia, the UAE and selected MENA markets. The team focuses on directly originated transactions that seek to provide strong downside protection, with resilient cash flows, experienced management teams and clear paths to repayment or refinancing.
“The continued growth of our MENA private credit platform, including the successful second close of Fund IV, reflects our commitment to meeting the evolving needs of investors across the Gulf,” asserted Ali Dibadj, Chief Executive Officer, Janus Henderson.
“The strong second close reflects the growing recognition among regional investors of the role private credit can play in diversified portfolios, while also highlighting the expanding opportunity to provide flexible capital to MENA businesses,” remarked Sikander Ahmed, Head of MENA Private Credit and Senior Executive Officer, Janus Henderson Investors Middle East.
