Bahrain’s Investcorp targets larger North American deals
Investcorp sees buyouts in that region representing one of its best avenues to growth, David Tayeh, head of North America private equity, said in an interview
A front view of Investcorp headquarter. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: Investcorp Holdings BSC is targeting larger private equity deals in North America as it seeks to boost assets under management to $50 billion, Bloomberg reported.
The biggest private equity and alternative asset manager in the Middle East sees buyouts in that region representing one of its best avenues to growth, David Tayeh, head of North America private equity, said in an interview.
The firm is also looking at more co-investments as a way of participating in bigger deals, he said.
“We want to grow our capacity to invest and broaden the top of the funnel of investments that we can look at from a size perspective,” said Tayeh. “At the moment there are deals that we really like that we don’t pursue because they’re outside our size range.”
Investcorp, which counts Abu Dhabi sovereign wealth fund Mubadala Development Co. as a major investor, outlined a plan to double its assets under management from about $25 billion in 2018 within seven years. It is targeting a combination of acquisitions and boosting its existing private equity, real estate and alternative investments units.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW