Siraj Fund Management

Habib Hazzan serves as Managing Director and leads the investment committee. He previously worked at Abraaj Capital in Dubai and held a senior role at the Palestine Investment Fund, bringing both regional emerging-markets experience and domestic institutional knowledge to Siraj's decision-making process.

Siraj sources opportunities through its on-the-ground presence in Rawabi, close relationships with Palestinian universities, and partnerships with business accelerators in Ramallah and Bethlehem. The firm's development-finance backing also surfaces companies through economic development programs run by the IFC and European Investment Bank.

Siraj makes direct equity investments as the lead or co-lead investor. As a fund manager rather than a fund-of-funds, it does not typically allocate into third-party venture vehicles. The firm structures follow-on rounds and can arrange co-investment syndicates with regional VCs.

Fund I targeted seed and early-stage companies. Fund II, a $45 million vehicle that closed in 2017, shifted toward post-revenue startups with demonstrated traction — effectively Series A-style rounds by local market standards. The firm can participate from seed through growth stages depending on the vehicle.

The Palestine Investment Fund is a limited partner in Siraj's funds, alongside the IFC and European Investment Bank. Siraj operates as an independent fund manager with its own investment committee, not as a subsidiary of any sovereign or development institution.

Siraj has not publicly published exclusion lists, but its development-finance limited partners impose environmental and social safeguard policies that effectively screen out extractive industries, gambling, and defense. In practice, the firm has concentrated on enterprise software, agritech, and digital health.

Siraj partners with the Rawabi Foundation on entrepreneurship programming, but the firm itself is not a philanthropic vehicle. The foundation operates as a separate legal entity. Siraj's funds remain structured as return-seeking private equity vehicles, albeit with concessional anchor capital that carries an economic-development overlay.