Bahrain-based Investcorp Raises $142 Mn for its First Private Equity Fund

Investcorp, the Bahrain-based alternative investment manager, raised $142 million (Dh521.1m) for its first-ever private equity fund in the country, as it looks to expand its portfolio of investments in Asia’s third-largest economy.


Investcorp has managed to close its maiden private equity (PE) fund within a few months of establishing its presence in India, the firm said in a statement to Bahrain Bourse, where its shares trade.

Cutting-edge solutions to help businesses streamline their operations and increase efficiency.
ⓘ Advertisement

Investcorp has so far invested $39m of the fund in four companies: Incred, ASG, Zolo, and Citykart. It has a strong pipeline to deploy the balance capital over the next 18 months or so and will look to more investment opportunities in consumer, financial services and healthcare sectors, it added.

The partners of the PE fund include Indian banks, insurance companies, family offices and international fund of funds, it noted.

“Our investors have been looking for a strategy/investment solution through which they can participate in the growth story of India,” said Rishi Kapoor, co-chief executive of Investcorp. “The fact that we were able to close our maiden India fund offering … in a few months is testament to investor confidence in our market entry approach and investment strategy for India.”

Investcorp, in which Abu Dhabi’s Mubadala Investment Company holds a 20 per cent stake, has been on an acquisition spree as the firm aims to double assets under management in the next three years. Established in 1982, the company is one of the oldest Middle East private equity firms and currently manages about $27 billion of assets across private equity, real estate, absolute return investments and credit.

ⓘ This information was originally published on

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

Connect with us!
Facebook ▸ Twitter ▸ Instagram

Leave a Reply

Your email address will not be published. Required fields are marked *