Shorooq Partners announced the first close of its $100 million second private credit fund, Nahda Fund Il, in May 2024, in collaboration with South Korea-based IMM Investment Global. Shorooq has backed many notable startups, including Pure Harvest, TruKKer, Tamara, Sarwa, and Breadfast. Adi is also a cofounder of Pure Harvest. He was previously the CEO of Hub71, and he worked at Mubadala Investment Company for 10 years. Shin previously held roles at UBS, TD Securities, and GlobalFoundries, a Mubadala subsidiary.