The Mena region’s embrace of climate-related investment initiatives has continued with Bahrain-based alternative investment firm Investcorp unveiling a platform dedicated to climate-themed investment.
The platform has been launched in partnership with Bahrain’s sovereign wealth fund Mumtalakat and a number of other Bahrain-based firms.
According to Investcorp, the platform will target private capital investment in companies working on decarbonisation, climate change mitigation and the transition to net zero.
“Investcorp believes that an additional key aspect of the underlying investment strategy stems from the recognition that mobilising the commercial scale-up of such solutions will enable broad-based availability of much-needed decarbonisation products and services at attractive price points for the Global South,” stated Investcorp.
The platform will be led by Investcorp managing director James Socas who was previously employed at private equity firm Blackstone.
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