18 Feb 2019
Bahrain, February 18, 2019– Investcorp a leading global provider and manager of alternative investment products, today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with USD 450mn assets under management (AUM) and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman in the presence of Deepak Parekh, member of the Investcorp International Advisory Board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp.
The launch of Investcorp India Asset Managers Limited and opening of the India office, Investcorp’s 8th global office and 2nd office in Asia (after Singapore), is part of Investcorp’s global growth and diversification plan. The launch comes after closure of the acquisition of a Private Equity and Real Estate investment management business in India.
“The Indian economy is the fastest growing amongst all the emerging markets and we are excited to be able to contribute towards this narrative. The opening of Investcorp India is a major milestone in our global expansion plan and our target would be to grow our AUM in India significantly in the medium term,” said Mohammed Alardhi, Executive Chairman of Investcorp. “I am delighted to welcome the 21 talented colleagues who join us in India as well as the new investors who are now part of the Investcorp global investment platform. I would also like to thank Deepak Parekh for his counsel in making this important milestone happen.”
“Today we have added the India growth story to our slate of product offerings for our investors globally,” said Rishi Kapoor, Co-Chief Executive Officer of Investcorp. “Strong domestic consumption underpinned by a young population, a rising middle class and continuing economic reforms are some of the key reasons why we chose India for our second Asian office. We are very bullish about the opportunity for attractive returns for private equity and structured credit investments in India over the medium-long term.”