Investcorp plan to double its assets under management

Investcorp, the biggest private equity and alternative asset manager in the Middle East, has outlined a plan to double its assets under management within seven years to $50 billion (from c.$25 billion as at end 2018). Built on investing money from wealthy Middle East families and sovereign funds into the U.S. and Europe, Investcorp currently manages over $35.4 billion and is expanding into Asia while looking to manage more cash for Western investors. Growth will be through a combination of acquisitions and co-investments (to participate in bigger deals) while boosting its existing private equity, real estate and alternative investments units.

Read the original article on Arabian Business: Biggest Middle East PE firm - Investcorp targets larger North American deals