Dubai: Dubai International Financial Centre (DIFC) and Partners for Growth (PFG), a global specialty credit manager, have announced a strategic partnership aimed at supporting and scaling high-growth companies across Dubai and the GCC.
According to Emirates News Agency, this collaboration aligns DIFC's vision of driving the future of finance with PFG's expertise as a leading private credit investor. With more than USD 2.1 billion deployed across 250 companies globally, PFG is recognized for providing flexible, founder-aligned capital. The partnership underscores DIFC's contribution to the D33 Economic Agenda, enhancing Dubai's position as a hub for innovation and entrepreneurship, while building on PFG's track record in the GCC, where it has supported notable technology companies such as Tabby and TruKKer.
The partnership will focus on providing structured growth debt to companies aligned with DIFC's Strategy 2030 and the D33 agenda. Sectors such as FinTech, HealthTech, InsurTech, PropTech, SME Digital Finance, and SpaceTech will be prioritized. While the primary focus will be on companies headquartered in Dubai and the GCC, some capital may be deployed globally to back international businesses that offer strategic value to the regional ecosystem.
Arif Amiri, CEO of DIFC Authority, emphasized the partnership's role in expanding funding tools and accelerating the ambitions of the D33 Agenda. Andrew Kahn, CEO and Co-Founder of PFG, highlighted the partnership as a milestone that allows them to support regional entrepreneurs and scale businesses globally from Dubai.
PFG will lead on origination, underwriting, and portfolio management, ensuring efficient deployment of capital. Armineh Baghoomian, Managing Director and Head of EMEA at PFG, noted that working with DIFC is a natural progression in their journey to scale impact and support founders with flexible capital.