Investcorp, a Bahrain-based alternative investment management firm, has launched a Saudi Arabia-focused pre-IPO growth vehicle that aims to raise $ 500 million.
The vehicle is dedicated to investing in a diverse portfolio of companies at a “pre-IPO” stage of development in Saudi Arabia, Investcorp said in a statement Tuesday.
The vehicle will target high-growth and underserved sub-sectors of the kingdom such as healthcare, consumption, transport and logistics, and business services, he added.
Walid Majdalani, Head of MENA and Southeast Asia Private Equity at Investcorp, said: “With this vehicle, we aim to partner with well-known founders and shareholders in strategic sectors to create value and seek to generate attractive risk-adjusted returns for our clients and stakeholders. . We will focus on helping the companies we invest in to grow and develop, to become potential candidates for an IPO or other form of value realization event. “
(Written by Brinda Darasha; edited by Seban Scaria)
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