Investcorp closed its first private equity offering with a focus on control buyout investments in middle market services businesses in North America, attracting over $1.2 billion in commitments from global institutional investors.
The Investcorp North American Private Equity Fund I currently has seven investments in its portfolio across the strategy’s core business services verticals, which officials said align with the team’s deep domain knowledge and expertise. The six subsectors in the program are: tech-enabled, knowledge and professional, data and information, supply chain, industry and specialty consumer services. Investcorp is targeting family- and founder-owned businesses that are positioned for market growth through multiple value creation levers.
Investcorp’s North America Private Equity group has $2.3 billion in AUM and has been investing in North American mid-market businesses since 1983. Over that time, the team has completed approximately 70 transactions, deploying more than $22 billion in transaction value.
“We have a long and established history of investing in North America mid-market services companies, and we look forward to continuing to broaden and deepen our institutional investor base as this strategy continues to scale,” said Mohammed Alardhi, executive chairman, Investcorp. “We are grateful for the trust that our institutional investors have placed in us during this time of greater uncertainty and a more challenging capital raising environment.”
According to Dave Tayeh, Investcorp’s head of Private Equity in North America, the team remains “highly focused” on executing the strategy to identify and capitalize on consistent, high quality investment opportunities in this and future funds.
“We are excited about the potential growth and value creation opportunities presented by Fund I’s existing portfolio companies and our robust pipeline of potential new investments,” he added.
