Mubasher: In order to enlarge its investment in Asia, which was crowned by registering Asian based investors’ asset management of $2.5 billion, a senior delegation from Investcorp visited fours emerging economies in the continent.
Investcorp has been actively expanding its presence in Asia in line with its strategy to diversify its geographic presence and expand its offering to investors, the private equity firm added in a statement released on Wednesday.
“As Investcorp is expanding its presence and offering Eastwards, our recent visit to a number of dynamic Asian countries has reinforced two very crucial points,” Investcorp’s executive chairman Mohammed Alardhi commented.
“We believe that Investcorp is in a strong position to be a key player in Asia for the long term because of our expanding presence in Asia, our deep knowledge of the Gulf and our successful investments in the West,” Co-CEO of Investcorp Hazem Ben Gacem said.
Investcorp’s portfolio includes over 150 investments with a combined value of over $36 billion.
In the first half of its fiscal year ended 31 December 2018, Investcorp reported $58 million in profit, an increase from $55 million achieved in the year-ago period.
