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There is a kind of investment fund that specializes in investing in other funds, and there is also such a company in Saudi Arabia: Jada Funds of Funds.
The company was launched by Saudi Arabia’s sovereign fund PIF with an original capital of US$1 billion and aims to provide a funding pipeline for the Vision 2030 plan.
Jada recently announced the "Seventh Generation Growth Partner" plan, which will invest in funds with a capital scale of more than one billion US dollars. The industries are mainly financial technology, health, and renewable energy.
Jada's main mission is to provide sufficient funds for small and medium-sized enterprises and attract more international investment. So far, Jada has invested in 20 funds with a total value of US$2 billion, creating 10,000 jobs in Saudi Arabia.