Bahrain-based asset manager Investcorp is hoping to raise US$600 million from the listing of an investment vehicle in Abu Dhabi.
According to a Reuters report, Investcorp Capital, registered in the Abu Dhabi Global Market, will hold the firm’s private markets assets.
The potential listing was first reported by Bloomberg back in March. Since then, Investcorp has reportedly recruited Goldman Sachs, First Abu Dhabi Bank (FAB), Emirates NBD and HSBC to help with the transaction.
The listing would further strengthen ties with Abu Dhabi, whose state fund Mubadala acquired a 20% stake in Investcorp in 2017.
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