Bahrain – Investcorp, a leading global provider and manager of alternative investment products, today announced that it signed a secondary transaction in relation to a number of assets from its European private equity portfolio [“the portfolio”], under a new fund arrangement, subject to receipt of relevant regulatory approval and other customary closing conditions. The fund will be capitalised with approximately US$ 1 billion of aggregate commitments.*
Coller Capital’s current fund, Coller International Partners VII, will underwrite the new fund, with Investcorp retaining a continued interest in the portfolio through a meaningful GP commitment to the fund. The transaction also includes fresh capital for any follow-on investments, future investments and co-investments. Investcorp’s European Private Equity team will manage both the assets acquired through the secondary transaction and the fund’s new capital, as it continues to invest in mid-market buyout transactions across Europe.
This transaction, when closed, will provide relevant existing investors with immediate liquidity for some of their exposures as well as an opportunity for Investcorp to seek to further create value through active management and additional capital that is being made available under the transaction.
The signing of this transaction is a further key milestone in Investcorp’s ambitious growth strategy to reach US$ 50 billion of AUM over the medium term and follows Investcorp’s acquisition in 2017 of a US$ 11 billion AUM credit management business, Investcorp Credit Management, and in 2018, a strategic minority investment in Banque Paris Bertrand, an independent Swiss-regulated private bank based in Geneva.
Mohammed Alardhi, Executive Chairman of Investcorp, said; “The signing of this landmark transaction in the secondary private equity market is the latest step in our global growth strategy. It demonstrates the continued desire by institutional investors to back Investcorp’s investment platform. We look forward, at closing, to welcoming Coller Capital to the distinguished list of global institutions who partner with us and to working with them in the coming years to maximise the value of the portfolio.”
Jeremy Coller, CIO of Coller Capital, said: “This transaction springs from a relationship of many years’ standing. It is a complex investment, of strategic importance to Investcorp, and we’re delighted to be their chosen partner.”
*based on FX rate at the end of election period
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About Investcorp
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at June 30, 2018, the Investcorp Group had US$ 22.6 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 175 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US $57 billion in transaction value.
Investcorp employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please refer to:
www.linkedin.com/company/Investcorp
www.linkedin.com/company/Investcorp
About Coller Capital
Coller Capital, founded in 1990, is one of the world's leading investors in private equity's secondary market – widely acknowledged as an innovator and a stand-out player at the complex end of secondaries.
The firm provides liquidity solutions to private equity investors worldwide, acquiring interests in private equity funds, portfolios of private companies, and other private equity-related assets. With headquarters in London, and offices in New York and Hong Kong, Coller’s multinational investment team has a truly global reach.
In December 2015, the firm closed Coller International Partners VII, with capital commitments of US$ 7.15 billion and backing from approximately 170 of the world’s leading institutional investors.
Media Contacts:
Investcorp
Firas El Amine
+973 3998 7838
Brunswick Group
Joudi Issa
+971 4 446 6285
Coller Capital
Montfort Communications
Toto Reissland-Burghart
+44 7976 098 139
reissland@montfort.london
Shona Prendergast
+44 7798 626 284
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