Mubasher: Investcorp on Monday announced that it has signed a secondary transaction with Coller Capital, one of the world's leading investors in private equity's secondary market, to create a European private equity buyout fund.
The fund will be capitalised with approximately $1 billion of aggregate commitments, the Bahrain-based private equity firm said in a statement.
Commenting on launching the fund, Mohammed Alardhi, executive chairman of Investcorp, said, “The signing of this landmark transaction in the secondary private equity market is the latest step in our global growth strategy.”
The signed transaction will provide relevant existing investors with immediate liquidity for some of their exposures as well as an opportunity for Investcorp to seek to further create value through active management and additional capital that is being made available under the transaction, the statement added.
“This transaction springs from a relationship of many years’ standing. It is a complex investment, of strategic importance to Investcorp, and we’re delighted to be their chosen partner,” Jeremy Coller, CIO of Coller Capital, commented.
The new deal comes along with Investcorp’s ambitious growth strategy to reach $ 50 billion of assets under management (AUS) over the medium term.
