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Amkan Ventures Debuts With $10M Fund of Funds to Back the Next Generation of Top Decile Venture ManagersFirst female-led solo GP fund of funds out of the GCC region DUBAI, UAE, April 25, 2024 /PRNewswire/ -- Amkan Ventures, officially launched today and is announcing a $10M Fund of Funds (FoF) dedicated to backing emerging venture managers in the US. The new FoF is building a portfolio of a dozen funds across tech-enabled industries. Amkan Ventures focuses solely on early-stage funds between $5M and $50M that have the potential to generate outsize returns through concentrated portfolio construction. The firm has already made its first investment in an oversubscribed first-time manager. Raida Daouk, Founder and Managing Partner of Amkan Ventures, is the first female-led solo GP based in the Gulf region to launch a fund of funds. The geographical barrier along with time differences often hinders GCC-based LPs from forging crucil connections and gaining comprehensive insights into the myriad investment prospects available in the US market. Daouk's goal is clear: to seize the vast potential and exponential growth of the US venture capital landscape on behalf of her LPs, ensuring they capitalize on the abundant opportunities also abroad. About Raida About Amkan Ventures Press Contact: View original content:https://www.prnewswire.co.uk/news-releases/amkan-ventures-debuts-with-10m-fund-of-funds-to-back-the-next-generation-of-top-decile-venture-managers-302126645.html |