Merak Capital

Merak Capital is a partner-owned, multi-strategy investment firm licensed by the Saudi Capital Market Authority. It operates as a single platform managing private funds across venture capital, private equity, private credit, and real assets, rather than as a collection of independent fund families. This structure enables it to deploy capital across the full capital structure from a unified balance of resources and governance.

Investment decisions are led by Founder and CEO Abdullah Altamami and Founder and Managing Partner Othman Alhokail. The investment team is organized by asset class, with named principals for each vertical: Abdulelah Alshareef leads venture capital, Abdlaziz Alsaid leads private equity, Omar Alireza heads private credit, and Vignesh Shanker runs real assets.

Merak structures and manages its own private funds rather than committing as a limited partner to external vehicles. The firm deploys its funds directly into portfolio companies across stages. For instance, the Merak Technology Ventures Fund and Merak Gaming Fund make direct venture investments, while the private equity practice executes control and significant-minority transactions.

The firm covers a wide range. Its venture funds target seed, start-up, and early-stage technology and gaming companies. Its private equity practice targets expansion and late-stage companies. The real assets and private credit strategies are not stage-dependent, but the overall platform operates across early-stage venture through growth buyouts.

The firm has not published a formal exclusions list beyond its Shariah-compliant private credit fund. However, its disclosed portfolio and research publications concentrate on enterprise software, cybersecurity, fintech, gaming, artificial intelligence, mobility, and real assets. There is no disclosed presence in hard-to-abate extractive industries or traditional heavy manufacturing.

Merak sources through a combination of local network depth and sector specialization. Founder Othman Alhokail's KCC holding group provides a direct line into government-adjacent technology contracting, while Abdullah Altamami's prior HyperPay and iNet Fund involvement roots the firm in the Saudi tech ecosystem. The firm's research publications, such as its AI venture capital guide, also function as a sourcing flywheel for thematic investments.

The firm operates a dedicated Shariah-compliant product: the Merak Open-Ended Murabaha Fund, a private credit strategy. Other funds appear to be conventional, though the firm's regulatory posture under the CMA may impose governance norms aligned with Saudi financial regulation. The firm has not stated that its entire platform is Shariah-compliant.