Tri Ri Asset Management Closes VC Fund, At $142M

▤ Summary

The fund, focused on MENA with a particular interest in Pakistan, plans to invest in startups, with valuations ranging from $10M to $100M. It will be participating in seed stage along with Series A and Series B funding rounds (typically in the range of $5M to $10M) of startups in sectors such as consumer tech, enterprise software, fintech, and healthtech. The vehicle is led by Asad Ali, Chief Investment Officer at TRAM. Tri Ri Asset Management, is a research-intensive, fundamental value investor in the public markets. Since 2019, the firm has executed a disciplined growth strategy, building a balanced portfolio of public market and real estate holdings.

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