Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Investcorp Is Said to Raise $1 Billion for North American Deals
    Fundraising

    Investcorp Is Said to Raise $1 Billion for North American Deals

    March 9, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Investcorp Holdings BSC has raised about $1 billion for its first private equity fund focused on North American assets, according to people familiar the matter. The biggest private equity and alternative asset manager in the Middle East is set to complete a first close on the fund soon, and aims to eventually raise about $2 billion, the people said. The fund will focus on investing in areas including technology and data companies, along with supply chain and industrial services.

    Bahrain-based Investcorp, which oversees about $34 billion, is raising more funds for specific uses as it looks to boost assets under management. It’s previously tended to book deals on its own balance sheet and sell them on to investors.

    Set up in 1982, the money manager is already the Gulf’s largest private investor in U.S. real estate and has said it wants to boost its assets under management to $50 billion in the coming years. Abu Dhabi sovereign fund Mubadala in 2017 acquired a 20% stake in Investcorp, which has backed companies including Tiffany & Co. and Gucci Ltd.

     

    Read More

    Source: BNN Bloomberg

    By Matthew Martin

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Fundraising Investments Middle East
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Investcorp to invest $400 mn Indian schooling infra

    May 24, 2022

    AfricInvest closes largest African midcap-focused fund at over $400m

    May 24, 2022

    KKR Leads $200+ Million Growth Investment in Enterprise Identity Protection Leader Semperis

    May 24, 2022

    Comments are closed.

    Other Articles

    CDI Acquires MSP, Data Center IT Solutions Provider High Availability

    January 6, 2021

    Pollen Street Capital raises over GBP1bn in latest fundraise for private equity strategy

    December 10, 2021

    Apollo in Talks to Buy AMP Capital Infrastructure Equity Assets

    April 15, 2022

    Veracode secures significant growth investment from TA Associates at USD2.5bn valuation

    March 16, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?