Investcorp’s new Saudi investment vehicle aims to raise $500m

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 diversified portfolio of companies at a “pre-IPO” development stage in Saudi Arabia, Investcorp said in a statement on Tuesday.

The vehicle will target high-growth and underserved sub-sectors in the kingdom, such as healthcare, consumer, transport and logistics, and business services, he added.

Walid Majdalani, Head of MENA and Southeast Asia Private Equity at Investcorp, said: “Through this vehicle, we aim to partner with reputable 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.”

(Writing by Brinda Darasha; editing by Seban Scaria)

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