Investcorp doubled its assets thanks to 3i takeover

Mergers_and_aquisitionBahrain-based alternative asset manager Investcorp has doubled its assets under management through acquisitions. The firm reported $21.3 billion under management in its results for the year ending June 30. The dramatic growth came from the addition of $10.8 billion of assets when it bought the debt management business of 3i, reputed to be the UK's oldest private equity firm. The acquisition also helped the firm double its distributions to investors to $3.4 billion for the year. Separately, the firm collected $4 billion in fundraising during the period. “The firm is making great headway executing a number of initiatives that are designed to diversify the firm’s client base, product offering, geographical reach and, ultimately, better serve the needs of our clients wherever they are in the world,” said Mohammed Alardhi, executive chairman. Founded in 1982, Investcorp says it had made more than 170 corporate investments in the US, Europe and MENA region. It has also made 450 commercial and residential property investments in the US. ©2017 funds global mena

Executive Interviews

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

We’ll launch our first equity fund next year

Dec 08, 2016

Not many banks plant olive trees, but the Bank of Palestine has a social mission. It also has ambitious expansion plans, says chairman Hashim Shawa. He talks to George Mitton.

Roundtables

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.

ROUNDTABLE: Growing pains

Mar 08, 2017

Our panel in Qatar spoke about frustration with regulators, a shortage of listed companies and plans for a new financial city in Doha. Chaired by George Mitton.