Investcorp's new Saudi investment vehicle aims to raise $500mln 

The vehicle will invest in companies at pre-IPO stage

A front view of Investcorp headquarter. Image used for illustrative purpose.

A front view of Investcorp headquarter. Image used for illustrative purpose.

Investcorp, a Bahrain-based alternative investment management firm has launched a Saudi focused Pre-IPO Growth Vehicle that aims to raise $500 million. 

The vehicle is dedicated to investing in a diversified portfolio of companies at a “pre-IPO” stage of development in Saudi Arabia, Investcorp said in a statement on Tuesday.

The vehicle will target high growth and underserved sub-sectors in the kingdom such as healthcare, consumer, transport and logistics, and business services, it added.

Walid Majdalani, Head of Private Equity MENA and Southeast Asia at Investcorp said: “Through this vehicle, we aim to partner with reputable founders and shareholders across strategic sectors to create value and to seek to generate attractive risk-adjusted returns for our clients and stakeholders. We will focus on assisting the companies that we invest in to grow and develop, to become potential candidates for an IPO or some other form of value realization event."

(Writing by Brinda Darasha; editing by Seban Scaria) 

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© ZAWYA 2021

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