Investcorp Enters Global Infrastructure Asset Class via Investment in Corsair’s Infrastructure Business

11 Dec 2023

Acquisition and partnership with Corsair represents significant milestone in Investcorp’s growth ambitions, through a $4.8 billion global investment business focused on transportation, logistics, and associated infrastructure subsectors

Leading alternative investment firms Investcorp and Corsair Capital (“Corsair”) announced today Investcorp’s entry into the global infrastructure investment asset class with the successful completion of its acquisition of a 50% stake in Corsair’s infrastructure business (the “Infrastructure Business”). The acquisition was consummated through the establishment of Investcorp Corsair Infrastructure Partners (“Investcorp Corsair”), a new entity jointly owned by Investcorp and Corsair that comprises the Infrastructure Business’ existing funds, investments, and team, and which will continue to pursue a highly differentiated and scalable investment strategy in transportation, logistics, and associated infrastructure subsectors.

Investcorp Corsair will capitalize on the strong and growing demand for infrastructure assets around the world, and on the private markets experience of both Corsair and Investcorp. The business leverages a unique model that blends operating platforms with equity sponsorship, as well as a market-leading profile in infrastructure investing, including as financial sponsor of the landmark redevelopments of John F. Kennedy International Airport Terminal 6 and LaGuardia Airport Terminal B in New York.

Corsair’s Partner Hari Rajan, who has been serving as its Head of Infrastructure, will continue to lead the Infrastructure Business as the new Managing Partner of Investcorp Corsair. The team remains based in New York, with additional presence in London, Madrid, and Sydney. Investcorp Corsair intends to maintain the Infrastructure Business’ existing platform companies, portfolio assets, and operating structure for the benefit of its current stakeholders, while further developing the business globally.

Mohammed Alardhi, Executive Chairman of Investcorp, commented: “This investment enhances our strategic capabilities in the global infrastructure sector. We recognize Investcorp Corsair’s potential as a driving force for economic growth. Our new partnership with Corsair also underscores our dedication to delivering value to our stakeholders and advancing Investcorp’s long-range plan.”

“Infrastructure investing is one of the most important private markets investment asset classes over the coming decades,” said Hazem Ben-Gacem, Investcorp’s Co-Chief Executive Officer, “I am confident that Investcorp Corsair will evolve to be the leading provider of infrastructure investment opportunities to investors globally. I am grateful for the trust and confidence of our new partners from Corsair and look forward to the future together.”

“The demand for high-quality, global infrastructure assets has never been greater than it is today,” said Ignacio Jayanti, CEO of Corsair. “Investcorp is the ideal partner to take this business forward and pursue the growing global opportunity set that we see in the infrastructure investment arena.”

Hari Rajan, Managing Partner of Investcorp Corsair, added, “Investcorp Corsair will remain optimally positioned to drive strong growth and generate meaningful value for our stakeholders, with a particular focus on transportation, logistics, and related subsectors. Moving forward with the support of Investcorp, we remain committed to seeking out long-term opportunities where we and our platform companies can play an active role in supporting economic growth in the communities that we serve by promoting mobility, access, trade, and sustainability.”