Investcorp Amasses Over $1.2B for Its Debut North American Private Equity Fund

Investcorp, the Bahrain-based alternative investment manager, has closed its first North America Private Equity Fund at $1.2 billion with a focus on control buyout investments in middle market services businesses, as it looks to boost its investments on the continent. 

The Investcorp North American Private Equity Fund I currently has seven investments in its portfolio across the strategy’s core business services verticals, which officials said align with the team’s deep domain knowledge and expertise. 

The fund will focus on family and founder-owned businesses across six sub-sectors, including technology-enabled, knowledge and professional, data and information, supply chain, industry and specialty consumer services as part of its investment strategy. 

“We have a long and established history of investing in North America mid-market services companies, and we look forward to continuing to broaden and deepen our institutional investor base as this strategy continues to scale,” said Mohammed Alardhi, Executive Chairman, Investcorp. 

The company went on an acquisition spree during the pandemic to capitalize on lower asset valuations and continued its aggressive portfolio expansion in 2022. Investcorp has carried its deal-making momentum into 2023 and in January said it plans to invest up to $1 billion in the Gulf Cooperation Council (GCC) property market over the next five years. 

The company’s North America Private Equity group has $2.3 billion in assets under management and has completed approximately 70 transactions, deploying more than $22 billion in transaction value since inception in 1982.