Former Investcorp executive floats own asset management firm
Mubadala-backed alternative investment firm Investcorp’s former top executive has rolled out an asset management firm that will deploy capital in the financial services sectors of the Gulf and global south regions, particularly focusing on themes such as private equity and real assets. Bahrain-based Investcorp’s former co-CEO Hazem Ben-Gacem, who stepped down ......
Investcorp rejigs top deck, names Rishi Kapoor vice chairman as co-CEO quits
Bahrain-based alternative investment firm Investcorp has overhauled its top management and reorganized its global investment activities under three broad verticals to support its growth plans. As part of the leadership reshuffle, co-CEO Hazem Ben-Gacem will step down and co-CEO Rishi Kapoor will take over as vice chairman and chief investment officer ......
Investcorp-backed Citykart eyes fresh funding, in talks with new investors
Value fashion retailer Citykart, which counts Bahrain-based Investcorp and private equity firm India SME Investments as its existing investors, is planning to raise a fresh round of equity funding, three people aware of the development told VCCircle. The over nine-year-old company is in talks with a new set of investors to raise around ......
Saudi VC SEEDRA onboards sovereign investor as LP for second fund
SEEDRA Ventures, a Saudi Arabia-based venture capital firm that backs early-stage companies and currently manages a portfolio of 26 startups, has secured a commitment from a local sovereign investor for its second outing. The Riyadh-based VC firm has onboarded Saudi Arabia’s Public Investment Fund (PIF)-owned Jada Fund-of-Funds as a limited partner ......
Gaja Capital-backed firm to acquire NSE unit’s digital exam biz
An education company backed by mid-market private equity firm Gaja Capital is stitching a deal to acquire the digital examination business of NSEIT Ltd, a step-down subsidiary of the National Stock Exchange. The development comes less than four months after NSEIT agreed to sell its technology business vertical to Bahrain’s Investcorp ......
Investcorp co-CEO Kapoor on rapid rise in AUM, India experience and more
Bahrain-based alternative investor Investcorp has grown its global assets under management (AUM) five times over the past six years, to $50 billion as of this year. The investor, a backer of Indian companies like FreshToHome, Citykart, Xpressbees, ASG Eye Hospital, InCred and Bewakoof, is currently raising an India private equity ......
How Investcorp plans to deploy $750-mn climate fund across four key sectors
Mubadala-backed alternative investment firm Investcorp, which manages assets worth over $50 billion across the globe, will adopt a four-pronged approach to deploy its new climate investment vehicle, according to a top company executive. Launched on the sidelines of the climate conference COP28 in December last year, Investcorp’s $750-million climate-focused investment platform ......
Investcorp puts India private credit strategy on the back burner
Bahrain-based alternative asset manager Investcorp, which aims to oversee $5 billion across investment classes in India in the next five years and was one of the most active private equity-style investors in the country last year, has put its plans to launch a local private credit strategy on the back burner, ......
Investcorp eyes final close of second India fund by 2024-end
Mubadala-backed alternative asset manager Investcorp plans to wrap up fundraising for its second India-dedicated investment vehicle by the end of the current calendar year, according to a top company executive. The Bahrain-based firm, which manages assets of over $50 billion, has already raised over half of the $400 million (Rs 3,300 ......
Investcorp-backed Clove Dental changes gear after M&A stalemate
Dental care chain Clove Dental, which is backed by Bahrain-based alternative investment firm Investcorp and the Qatari sovereign wealth fund Qatar Investment Authority (QIA), plans to change its strategy for expansion as acquisition talks with several smaller dental care chains have hit an impasse. The company will now focus on organic growth, ......
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