2024-01-16 09:45:13
normal
January 16, 2024
13:45 pm
Dubai: «The Gulf»
Investcorp Holding, the largest alternative investment company in the Middle East, headquartered in Bahrain, aims to double its infrastructure assets under management to $10 billion over the next five years.
As part of this expansion, the company is looking to raise a dedicated infrastructure fund worth $1.5 billion to invest globally, according to its co-CEO, Hazem Bin Qasim, in an interview on Monday during the World Economic Forum in Davos, Switzerland.
He said: “They see tremendous opportunities to grow the company’s business in the field of infrastructure, especially in the field of transportation and logistics services, and their investors are looking forward to more exposure to this sector.”
Recently, the company purchased half of the infrastructure business of Corsair Capital, which owns airport operator Vantage Airport Group.
Bin Qasim said: “Investcorp has concluded a deal to invest in shares in the development of Terminal 6 at John F. Kennedy International Airport in New York, a project led by Vantage.”
He stated that Investcorp seeks to deploy between $500 million and $1 billion in the GCC countries every year across all of its asset classes. Such as private equity, infrastructure and real estate.
The company, known for its support of Tiffany & Co. and Gucci, is looking to list at least one Gulf company this year, and has already listed 4 companies in the past two years.
Investcorp manages about $53 billion overall, plans to expand its private credit business and seeks to raise about $1 billion to invest in Europe and the United States, according to Bin Qasim.
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