PHOTO
Bahrain: Investcorp a leading global provider and manager of alternative investment products, today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with USD 450mn assets under management (AUM) and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman in the presence of Deepak Parekh, member of the Investcorp International Advisory Board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp.
The launch of Investcorp India Asset Managers Limited and opening of the India office, Investcorp’s 8th global office and 2nd office in Asia (after Singapore), is part of Investcorp’s global growth and diversification plan. The launch comes after closure of the acquisition of a Private Equity and Real Estate investment management business in India.
“The Indian economy is the fastest growing amongst all the emerging markets and we are excited to be able to contribute towards this narrative. The opening of Investcorp India is a major milestone in our global expansion plan and our target would be to grow our AUM in India significantly in the medium term,” said Mohammed Alardhi, Executive Chairman of Investcorp. “I am delighted to welcome the 21 talented colleagues who join us in India as well as the new investors who are now part of the Investcorp global investment platform. I would also like to thank Deepak Parekh for his counsel in making this important milestone happen.”
“Today we have added the India growth story to our slate of product offerings for our investors globally,” said Rishi Kapoor, Co-Chief Executive Officer of Investcorp. “Strong domestic consumption underpinned by a young population, a rising middle class and continuing economic reforms are some of the key reasons why we chose India for our second Asian office. We are very bullish about the opportunity for attractive returns for private equity and structured credit investments in India over the medium-long term.”
-Ends-
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 December 31, 2018, the Investcorp Group had US$ 22.5 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 visit: www.investcorp.com
Media Contacts:
Investcorp
Firas El Amine
+973 3998 7838
felamine@investcorp.com
FTI Consulting
Rethu Menon
+91.9867.181043
rethu.menon@fticonsulting.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
