ZAWYA: Investcorp announces close of second GP staking fund with $1.1bln in commitments

About this update from Investcorp Capital Plc

Manama, Bahrain – Investcorp, a global alternative investment firm, today announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed on commitments of over $1.25 billion to Investcorp Strategic Capital Partners II and associated vehicles (together, “ISCP II”), inclusive of $1.1 billion of fund commitments and an additional $155 million of committed co-investment capital.ISCP II closed at a size more than 75% higher than that of ISCP I in a highly selective fundraising environment for private markets, underscoring the differentiated nature of ISCG’s strategy and the strength of its LP relationships. Following the ISCP II fundraise, ISCG AUM totals over $2.4 billion.ISCP II received meaningful support from existing limited partners, with the majority of ISCP I investors increasing or maintaining their commitments. ISCG also expanded the geographic reach and diversification of its investor base across insurance companies and private wealth channels in the US, while securing new investors across Asia, Europe, Latin America and the GCC. In particular, ISCG has continued to expand its network of relationships with Wealth Managers, Registered Investment Advisors, Single and Multi-Family Offices, and High Net Worth Individuals, resulting in a deeper and broader penetration of this large and growing pool of investor capital.Beyond fund commitments, a sub-set of investors have also committed a total of $155M for co-investments, with ISCG expecting to offer co-investment opportunities to its LPs in future ISCP II investments. Beyond direct co-investments, ISCG has also facilitated LP allocations into Partner GP funds.“Since we launched our growth strategy ten years ago, Investcorp has proven itself as a value-added partner of choice in the middle market across asset classes and regions. Our GP staking strategy is emblematic of this approach, and we look forward to backing more talented GPs in the years ahead and expanding their reach and capabilities.” said Mohammed Alardhi, Executive Chairman of Investcorp.“We are deeply grateful for the support and conviction of our limited partners, who believe in the platform we’ve built to support middle-market GPs accelerate their growth and enhance longevity,” said Anthony Maniscalco, Managing Partner and Head of ISCG. “ISCP II’s successful close reflects the strength of our strategy and the trus...

View stock analysis, news, and events for Investcorp Capital Plc