DJIA39807.37 47.29
S&P 5005254.35 5.86
NASDAQ16379.46 -20.06
Russell 20002120.20 4.00
German DAX18504.51 29.45
FTSE 1007952.62 20.64
CAC 408205.81 1.00
EuroStoxx 505082.85 0.10
Nikkei 22540168.07 -594.66
Hang Seng16541.42 148.58
Shanghai Comp3010.66 17.52
KOSPI2745.82 -9.29
Bloomberg Comm IDX99.49 1.18
WTI Crude-fut87.00 1.32
Brent Crude-fut81.35 -0.26
Natural Gas1.76 0.05
Gasoline-fut2.72 0.04
Gold-fut2238.40 26.20
Silver-fut24.92 0.23
Platinum-fut921.10 11.20
Palladium-fut1021.50 26.00
Copper-fut400.70 -0.30
Aluminum-spot1815.00 0.00
Coffee-fut188.85 -1.80
Soybeans-fut1191.50 -1.00
Wheat-fut560.25 12.75
Bitcoin70853.00 1787.00
Ethereum USD3571.51 95.90
Litecoin94.21 -0.92
Dogecoin0.22 0.02
EUR/USD1.0822 -0.0008
USD/JPY151.34 0.02
GBP/USD1.2637 0.0017
USD/CHF0.9054 -0.0006
USD IDX104.55 0.18
US 10-Yr TR4.206 0.01
GER 10-Yr TR2.305 0.013
UK 10-Yr TR3.946 0.01
JAP 10-Yr TR0.71 -0.012
Fed Funds5.5 0
SOFR5.33 0.01

Connect Money In Your Inbox.

Sign up to get the most important news on the business of financial services delivered daily.

Sub Markets

Property Sectors

Topics

Alternative Assets  + Private Equity  | 
Investcorp Amasses Over $1.2B for Its Debut North American Private Equity Fund

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. 

Connect

Inside The Story

Investcorp

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action
New call-to-action