SHUAA Capital pacts with Key Capital to support MENA’s VC secondaries market

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NOHA.GAD
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May 11, 2026
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Dubai - Sharikat Mubasher: SHUAA Key Capital, a leading provider of financial services in the region, announced its strategic partnership with Key Capital, the region’s first dedicated venture capital secondaries asset manager, to support the development of the venture capital secondaries market across MENA and EMEA.

Under this partnership, SHUAA Capital will serve as the investment advisor for Key Fund I LP, a $50 million fund pursuing a disciplined secondaries strategy focused on acquiring positions in high-growth technology companies through off-cap-table transactions, according to the official statement released today.

SHUAA Capital will provide advisory support across capital formation, strategic relationships, and capital markets execution, leveraging its institutional platform to complement Key Capital’s specialized secondary strategy, sourcing network, and investment discipline.

Commenting on the partnership, Nabil Al Rantisi, Group CEO of SHUAA Capital, said: “The MENA venture capital market has reached an inflection point, and the secondaries segment represents one of the most compelling and structurally underserved opportunities in the region today. Key Capital brings a highly specialized team with a proven track record and a clear first-mover advantage, and we are delighted to partner with them.”

For his part, Basil Moftah, Managing Partner of Key Capital, highlighted that the partnership will enable the company to leverage SHUAA Capital’s institutional platform and regional reach to enhance its ability to scale its strategy and broaden access to the asset class.

Key Fund I LP’s strategy aims to provide liquidity to early shareholders while enabling a differentiated entry point into scaled assets, to deliver accelerated distributions and diversified portfolio exposure. 


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