Mubasher: GFH Financial Group has invested in a portfolio of pre-initial public offering (IPO) and high-growth companies that specialise in next-generation technologies.
The investments include minority stakes in companies such as Snowflake, UiPath, DoorDash, DataRobot, Samsara, BYJUs, and Outreach, according to a press release on Wednesday.
The portfolio companies offer cloud enterprise software and artificial intelligence (AI) services and the Internet of Things (IoT) solutions or run direct-to-consumer e-commerce and Edtech programmes.
Snowflake has most recently witnessed a successful IPO on the New York Stock Exchange, and the other companies in the portfolio are expected to go public and/or may enter into trade deals.
The collective investment vehicle is valued at $270 million, with GFH holding a minority stake.
Hence, the investments are forecast to double returns for GFH and its investors.
The Chief Investment Management of GFH, Hammad Younas, commented: "Through our partnerships we are able to provide unique access to the US and global tech and tech-enabled businesses, which have proven to be more resilient over the years including during the recent COVID-19 pandemic, yielding premium returns versus key benchmarks."