Investcorp closes key equity fund at $1.2bn

Investcorp yesterday announced the final closing of Investcorp North American Private Equity Fund I, which focuses on control buy-out investments in middle market services businesses in North America.

The Bahrain-based alternative investment manager said the fund closed at over $1.2 billion in capital commitments from blue-chip institutional investors, including pension plans, family offices, private wealth funds and an insurance company across North America, Europe and the Gulf region.

Currently having a strong portfolio of seven investments in companies across the strategy’s core business services verticals, the fund aligns with the team’s deep domain knowledge and expertise.

The investment strategy is focused on family- and founder-owned business across six sub-sectors including: tech-enabled, knowledge and professional, data and information, supply chain, industry and specialty consumer services.

Resilience

Investcorp targets companies that demonstrate resilience while also being well-positioned for market growth through multiple value creation levers.

“We have a long and established history of investing in North America mid-market services companies, and we look forward to continuing to broaden and deepen our institutional investor base as this strategy continues to scale,” said Investcorp executive chairman Mohammed Alardhi.

“We are grateful for the trust that our institutional investors have placed in us during this time of greater uncertainty and a more challenging capital raising environment.”

“We are delighted for our North American PE team reaching this important milestone and look forward to continuing our long history of forging strong partnerships with our investors and delivering quality investment opportunities as our capital base continues to grow and diversify,” said Laura Coquis, Global Head of Institutional Capital Raising.

Investcorp’s North America Private Equity group has been investing in North American mid-market businesses for over 40 years and has completed approximately 70 transactions, deploying more than $22bn in transaction value since inception.

Source: https://www.gdnonline.com/Details/1195781