04 March 2017
Bahrain – Investcorp, a global provider and manager of alternative investment products, today announced the completion of its acquisition and integration of the debt management business of 3i (“3iDM”) from 3i Group plc. The business, now recognized as Investcorp Credit Management (“ICM”), adds $11 billion of assets under management, bringing the total to approximately $21.4 billion.
Investcorp Credit Management is a leading global credit investment platform, managing funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US. The business has a strong track record of consistent performance and growth, employing approximately 50 people in London, New York and Singapore.
Commenting on the announcement, Mohammed Alardhi, Executive Chairman of Investcorp, said, “The acquisition is a strategic move for Investcorp. Last year we announced our ambitious strategy to grow assets under management to $25 billion in the medium term. We are firmly on track to achieve our goal as we continue to extend Investcorp’s existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds). The integration of ICM is a natural fit with our global vision of providing our clients with a diversified range of alternative investment opportunities across different geographies. The next chapter of our corporate narrative starts today, with an even more substantial market stronghold and enhanced competitive edge”.
Jeremy Ghose, who will continue to Head the Investcorp Credit Management business, said, “Investcorp has a long, impressive history and track record of delivering the right products to its strong client base. We are excited about our future asInvestcorp Credit Management and the opportunities that exist for our investors and colleagues as part of a well-established, diverse global alternative investment manager.”
John Fraser, Head of Investcorp Credit Management US, added, “We are delighted to have now formally joined Investcorp and integrated our team in to the wider Investcorp business. This is an important milestone for us all. I have full confidence that the combination of Investcorp’s reputation and resources and our experience, expertise and track record will allow us together to build on our past success. We look forward to expanding our platform and product offering with such a well-regarded firm.”
Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious growth strategy to double assets under management (“AUM”) in the medium term. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in three lines of business: corporate investment, real estate and alternative investment solutions (formerly known as hedge funds), together with the recently added credit management business.
As at December 31, 2016, the Investcorp Group had $10.4 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, the Investcorp Group has made over 170 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 400 commercial and residential real estate investments in the US, for in excess of $53 billion in transaction value.
The Investcorp Group employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.
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