Investcorp adds Steamboat Capital Partners to its hedge funds partnerships platform

8 Jan 2018

January 8, 2018 – Investcorp, a leading provider and manager of alternative investments, today announced its strategic partnership with Steamboat Capital Partners (“Steamboat”), a long-short investment firm, through its Hedge Funds Partnerships platform. As part of the relationship, Investcorp provided additional capital to Steamboat to accelerate growth and raise assets under management, which are approximately $290 million.

“Steamboat will be an excellent addition to our Hedge Funds Partnerships platform as they exhibit key differentiators through their unique investment style and philosophy. We look forward to working together to achieve the firm’s goals and ultimately deliver results to our clients,” said Lionel Erdely, Head and Chief Investment Officer, Investcorp Alternative Investment Solutions.

“We are thrilled to be partnering with Investcorp who has a long and successful track record in working with emerging managers. Their strategic advice and experience will assist us in meeting our goals as we embark on our next phase as an investment firm,” said Parsa Kiai, Founder, Managing Partner and Portfolio Manager of Steamboat Capital Partners.

Steamboat was founded in 2012 by Parsa Kiai and is a long-short, fundamental, value oriented investment firm that specializes in undervalued and catalyst-driven investments. The firm’s investment process seeks to capitalize on market dislocations, while maintaining a margin of safety for its investors. Prior to launching Steamboat Capital Partners, Mr. Kiai spent four years as a Partner at Sonterra Capital and three years as a Senior Analyst at Perry Capital, where he was responsible for coverage of the energy sector. Prior to joining Perry Capital in 2005, Parsa was an Analyst in the Investment Banking Division at Goldman, Sachs & Co. in the Industrials and Natural Resources Group, where he began his career.

Investcorp’s Hedge Funds Partnership platform was launched in December 2004 to provide investors access to select investment talent with the backing of an institutional platform. Through this program, Investcorp together with select partners provides initial seed and acceleration capital, and distribution capabilities to emerging managers with proven track records, differentiated strategies and downside protection. As of June 30th 2017, Investcorp Group had $21.3 billion in program assets.