Investcorp Acquires 50% Stake in Corsair Capital’s $4.8bn Infrastructure Business

Dec 11, 2023 | News

Investcorp, the Middle East’s biggest alternative asset manager, acquired a 50% stake in New York-based private equity firm Corsair Capital’s $4.8bn infrastructure business.

As part of the deal a new entity jointly owned by Bahrain-based Investcorp and Corsair Capital was set up, the firms said in a statement on Monday.

Investcorp Corsair Infrastructure Partners will include the infrastructure business’ existing funds, investments and team. With $4.8bn under management, it invests in transportation, logistics and other infrastructure sub-sectors.

Corsair Partner Hari Rajan will continue to lead the infrastructure business as the new managing partner of Investcorp Corsair. 

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Investcorp is a global leader in managing alternative investments, spanning private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. Founded in 1982, Investcorp has a proven track record of success, consistently delivering strong returns to its clients. With over $50bn in assets under management and offices in nine countries, Investcorp is well-positioned to continue its growth and achievements in the dynamic investment landscape.

Corsair’s infrastructure business focuses on core plus and value-added opportunities across the transportation and logistics sector and its adjacencies. The firm invests in a variety of assets, including airports, roads, ports, rail, and logistics real estate. Corsair targets high-quality assets with strong fundamentals and stable cash flows, and the firm seeks to partner with experienced management teams to create value for its investors.

Corsair’s infrastructure business has a long history of success, with a portfolio of over $10bn in assets under management. The firm has a strong track record of delivering strong returns to its investors, with an average internal rate of return of over 15% since inception.

Source: BNN Bloomberg

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