Agreement between the Investment Unit (IU) of the Social Security Corporation (SSC) and Catalyst Fund
Amman, May 3 (Petra) - Investment Unit (IU) of the Social Security Corporation (SSC) announced on Monday the signature of an investment and partnership agreement with Catalyst Private Equity Fund (an energy and water investment fund). Catalyst Private Equity Fund invests in small and medium-size enterprises (SMEs) in the energy and water industrial and technology sectors in Jordan and MENA region. Catalyst Fund investor base includes a group of investors from Jordan and the Gulf states in addition to the Investment Unit of the Social Security Corporation fund. Recently Catalyst received the approval of Overseas Private Investment Corporation (OPIC) for financing facilities of up to $33 million to support investment transactions designed to improve performance of the water and energy sectors in the Middle East and North Africa (MENA), and to invest in environmentally-friendly technologies in the region after meeting the criteria adopted by OPIC in this area.
The participation of Investment Unit (IU) of the Social Security Corporation (SSC) is a reflection of SSC conviction and belief of the importance of energy, water and the many opportunities in these sectors in the region, which are characterized by the continued growth especially that SSC fund pursue a strategy of investment diversification, and increasing its share in the sectors of energy, infrastructure, water technology and energy.
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