King & Spalding advises Iliad Partners on MENA fund launch


King & Spalding has acted as legal advisor to Iliad Partners, a UAE-based early-stage venture capital firm, in the launch and first close of its Iliad Partners Tech Ventures Fund I. The fund, domiciled and regulated in the Abu Dhabi Global Market (ADGM), aims to invest in Pre-Series A and Series A stage B2B tech startups across the MENA region, with additional allocations for European startups expanding into the region.

The fund’s initial investments include startups OTO, Penny, and Qashio, operating in the logistics, fintech, and proptech sectors. Backers include high-profile investors such as Jada Fund of Funds, Olayan Family, Masarrah Investment Company, and MLM Investments, alongside other prominent family groups in the GCC and Europe.

The team

The King & Spalding advisory team included James Stull, Dora Chan, and Benedict Grima for fund-related matters, with Asal Saghari and Macky O’Sullivan advising on warehousing financing and acquisition issues. John Green provided tax advice.

Ilaria

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