Investcorp, the Middle East’s largest alternative investment firm, is preparing for a potential public listing within three to five years.
The firm, which manages $55bn in assets, plans to double its AUM to $100bn during this period. Vice Chairman and CIO Rishi Kapoor revealed that London and New York are under consideration as possible listing venues.
“Three to five years is an appropriate timeline to build scale,” Kapoor said at the Reuters Global Markets Forum in Davos. “This would allow us to create liquidity or crystallise value for our shareholders.”
Founded in Bahrain in 1982, Investcorp has a strong track record, including taking luxury brands like Gucci and Tiffany public. The firm has since expanded into private credit and other asset classes. In 2023, it listed an investment vehicle on the Abu Dhabi stock exchange, reflecting its innovative approach to growth.
Investcorp also sees opportunities in the $12tn US 401(k) retirement savings market. Kapoor expressed optimism about regulatory changes that could allow alternative investments in 401(k) plans. “The democratisation of private market assets is a natural progression,” he said. Even a small allocation could generate significant inflows due to the sheer size of the market.
A public listing would mark a new chapter for Investcorp as it seeks to scale further and tap into global opportunities across private markets.
Source: Reuters
Can’t stop reading? Read more
Carlyle explores potential acquisition of Lukoil’s $22bn foreign assets
Carlyle explores potential acquisition of Lukoil’s $22bn foreign assets Carlyle is evaluating a...
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Blackstone has begun raising capital for the...
Blackstone taps ex-Morgan Stanley Franck Petitgas as Europe Vice Chairman in major leadership expansion
Blackstone taps ex-Morgan Stanley Franck Petitgas as Europe Vice Chairman in major leadership...