Investcorp, the Bahrain-headquartered global alternative investment firm, has announced its involvement in $4 billion of investment-related initiatives presented at the Gateway Gulf Investment Forum Bahrain 2024.
In April, Investcorp launched Investcorp Golden Horizon, a new platform established in partnership with China Investment Corporation. With a target size of $1 billion, the platform will focus on investing in high-growth companies across Saudi Arabia, the GCC, and China. Key sectors include consumer, healthcare, logistics, and business services. Part of the platform, the Investcorp Saudi Pre-IPO Growth Fund, underscores Investcorp’s commitment to supporting the expansion of family-owned businesses across the GCC, specifically targeting high-potential, pre-IPO companies in Saudi Arabia. The fund’s recent achievements include leading a $130 million investment in Salla, a leading SaaS E-Commerce platform in Saudi Arabia.
Expanding access to the Saudi Pre-IPO Growth Fund, Investcorp partnered with Awaed in October, Saudi Arabia’s first commission-free trading platform. Through this partnership, Awaed clients can now invest in the fund, enhancing investor access to private market opportunities.
Further diversifying its portfolio, Investcorp entered the global infrastructure sector by acquiring a 50% stake in Corsair’s infrastructure business in December 2023. The Investcorp Corsair Infrastructure platform plans to deploy over $1 billion in global infrastructure projects.
Earlier this year, Investcorp also invested in the sponsor of the JFK Terminal 6 Project in New York. Investcorp Corsair Infrastructure serves as the lead financial sponsor, with Vantage Airport Group, its wholly owned airports platform, overseeing development. The $4.2 billion project includes constructing a new 1.2 million-square-foot terminal to replace Terminal 7, featuring 10 gates, spacious passenger lounges, and two AirTrain stations.
Strengthening its real estate portfolio, Investcorp entered a recent $500 million venture with two sovereign wealth funds to acquire industrial properties across the U.S. This builds on a previous successful partnership with the same funds, with more than $1 billion committed over 2.5 years.
Other US real estate activities this year include acquiring three industrial properties, totalling 1.5 million square feet, for a gross cost of $300 million. These acquisitions further establish Investcorp’s $5.3 billion U.S. industrial portfolio, encompassing approximately 42 million square feet across 640 buildings. Additionally, Investcorp expanded its student housing assets with the purchase of two properties at the University of Florida and the University of Texas at Austin for $160 million.
This year, Investcorp also acquired Stowe Family Law, the UK’s largest specialist family law firm, and Best in Class Technology Services, a US-based provider of HVAC, electrical, and plumbing maintenance services for critical sectors, further diversifying its portfolio.
As part of its digital strategy, Investcorp launched Investcorp Wealth, a digital application that offers clients real-time access to their accounts and information on alternative investment opportunities. This initiative reinforces Investcorp’s commitment to delivering innovative, bespoke solutions to its clients.
Yusef Al Yusef, Head of Distribution, commented, “Today, we have approximately $53 billion assets under management globally. This year, we have seen opportunities across sectors, forming partnerships with various companies and institutions worldwide. We are pleased to reaffirm our commitments to the GCC and global markets at the Gateway Gulf Investment Forum in Bahrain. We were founded and remain headquartered in Bahrain, which continues to be a place of strategic importance and growth for our business.
Advancing our robust global distribution platform and investing in the digitisation of our business have been two of our key focus areas, and I am pleased to announce the roll-out of Investcorp Wealth. Along with our increasingly diversified client base across geographies and investor types, Investcorp Wealth represents another important milestone initiative. We are excited to engage and serve our global clients in new and innovative ways.”
BNA(R)
