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Stride Ventures has announced its partnership with Public Investment Fund (PIF) - one of the world’s largest sovereign investors. The firm said in a press release that the collaboration reinforces the growing global orientation of Indian- born investment platforms.
Founded in 2019, Stride has expanded from being a domestic debt pioneer into an international financial platform with on-ground presence across India, GCC and the UK/ Europe, operating in different currency environments including INR, USD and GBP.
According to the firm, it has enabled over USD 1.6 billion in credit across nearly 200 portfolio companies, including 20 unicorns, while evaluating more than 15,000 companies globally.
Stride already has a formal commitment to the UN-supported Principles for Responsible Investment (PRI) and operates through a locally anchored, partnership- first model working closely with regulators, policymakers and ecosystem partners across markets, from DPIIT in India and ADGM in Abu Dhabi, to advance the development of private debt ecosystems tailored to each region.
Stride also holds a collaboration with SAB Invest to expand private credit deployment in Saudi Arabia’s innovation economy. The firm said that it aims to deploy over USD 1 billion globally in the coming years across venture debt, growth credit and private credit strategies, including a target deployment of approximately USD 200 million in Saudi Arabia’s entrepreneurial and innovation ecosystem over the next two years.
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