To deploy the balance capital over the next 18+ months
Bahrain – Global alternative asset manager Investcorp, today announced the final close of its maiden Private Equity Fund offering for India. The fund gained a total capital commitment of around Rs 1000 Crore (US $142 million), within a few months of Investcorp establishing its lndia presence. The limited partners of the fund comprise a well-diversified universe of Indian banks, insurance companies, family offices and international fund of funds.
The new fund will continue to focus on consumer, financial services and healthcare opportunities. The fund has so far deployed Rs 270 Crore (US $39 million) in four companies namely Incred, ASG, Zolo and Citykart. The fund also has a strong pipeline to deploy the balance capital over the next 18+ months.
Rishi Kapoor, Co-CEO of Investcorp said, “Our investors have been looking for a strategy/investment solution through which they can participate in the growth story of India. Our focus has always been on innovative strategies that help investors to diversify their portfolio. The fact that we were able to close our maiden India fund offering at a size of Rs 1000 crores (US $142 million) in a few months is testament to investor confidence in our market entry approach and investment strategy for India. We look forward to working with our first-rate private equity management team in India – Co-headed by Girish Nadkarni and Gaurav Sharma – to build on our established global footprint in private equity investing.”
Investcorp a leading global provider and manager of alternative investment products, managing about US $27 billion of assets across private equity, real estate, absolute return investments and credit. It has offices in New York, London, Bahrain, Abu Dhabi, Doha, Riyadh, and Singapore. Investcorp entered the Indian market last year through the acquisition of the private equity and real estate funds businesses of IDFC Alternatives Ltd. The launch of Investcorp India Asset Managers Limited and opening of its 8th office in Mumbai is part of Investcorp’s overall growth strategy and global expansion plan.
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 March 31, 2019, Investcorp had US$26.71 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 185 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 $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please refer to:
Twitter: www.twitter.com/Investcorp @investcorp
1 AUM includes approximately $2.1 billion of hedge fund partnerships (including exposure through multi-manager solutions), managed by third party managers and assets subject to a non-discretionary advisory mandate, where Investcorp receives fees calculated on the basis of AUM. Real estate investments are stated at gross asset value.
Firas El Amine
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© Press Release 2019