eWTP Arabia Capital rebrands as ewpartners; targets $1bn for Fund II

Private equity firm eWTP Arabia Capital has rebranded as ewpartners.

Since its launch in Riyadh in 2017, ewpartners has raised and fully deployed $400m for its Fund I and is now targeting $1bn for its Fund II.

Backed by the Public Investment Fund (PIF) of Saudi Arabia, ewpartners currently holds 18 portfolio investments. The firm’s investments span infrastructure and logistics, fintech, technology/ICT, tourism, gaming/esports, new energy, healthcare, consumer sectors, and agriculture.

The rebrand marks an expansion of ewpartners’ initial focus, now incorporating a broader regional strategy. The 'east-west' element in the new name reflects the firm’s mission to facilitate the transfer of knowledge and investment between Asia and the Middle East.

“We were the first cross–border investment platform to establish ourselves in the Kingdom of Saudi Arabia and our first-mover advantage has meant the last seven years has been a period of great success for us. Thanks to ongoing support from our investors we have been able to facilitate the transfer of knowledge and opportunity between Asia and Saudi - the sharing between East and West - and make significant strides in fostering economic growth in the Kingdom through strategic investments across a range of industries,” commented ewpartners founder and managing partner Jessica Wong.