MANAMA: Investcorp, a leading provider and manager of alternative investment products, is on the right track to achieve the target of asset under management (AUM) of $25billion, a top official revealed.
Mohammed Alardhi, the Firm’s Executive Chairman, during a Press briefing at the Investcorp Manama Headquarters said that Firm would continue to focus on its core areas of business to achieve the $25billion target for AUM.
Investcorp, he said, is successfully working on the five-year roadmap and achieving the AUM target one of the key pillars of that initiative.
Highlighting the key areas to be focused by the Firm he said enlargement of the placement capacity in the Gulf in addition to entering into European real estate market, the business area on which Investcorp never tapped into before.
“The Firm is also exploring opportunities for Corporate Investments in MENA by aligning the business in three regions North America, Europe, MENA, GCC and Turkey. We can do a lot more in the existing regions but it doesn’t mean there is no potential in other markets,” he said.
“Investcorp is aggressively pursuing the process of global distribution system to tap into the opportunities in the US, EU and Asian markets.
To a question that how and which areas of business will benefit from the upcoming Global Distribution System Mr Alardhi said real estate, corporate and private investments will benefit from the new system.
“Our strategy of business in each market remains the same as we look into the legal system, good market dynamics, buy and exit and volume of the business.”
It may be recalled that Investcorp announced the distribution of over $700 million to investors (including itself) in the first quarter of Investcorp’s fiscal Year 2017 (FY17) following a series of successful exits over the period and during the Fiscal Year that ended on June 30, 2016 (FY16).
It was announced by Investcorp as the Firm continues to deliver exceptional performance despite the challenging conditions in the markets we operate in.
