Investcorp preps first N American fund launch

Bahrain-based alternative investment manager Investcorp has raised $1.2 billion in capital commitments after the first close of its inaugural North American fund.

The Investcorp North American Private Equity fund will focus on the buyout sector for midmarket firms in North America.

The fund has invested in seven portfolio companies covering six market sectors – technology, professional services, data and information, supply chain, industry and speciality consumer services.

“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 executive chairman.

Meanwhile, Investcorp has also expanded its presence in Japan after opening a Tokyo office and appointing Professor Heizo Takenaka as chairman of Investcorp Japan.

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