The launch follows the company’s acquisition of a Private Equity and Real Estate investment management business in India.
Monday 18, February 2019 BY KUDAKWASHE MUZORIWA
Bahrain-based Investcorp has launched Investcorp India Asset Managers Limited with $450 million assets under management and a team of 21 investment professionals.
In a statement, Investcorp stated that Investcorp India Asset Managers Limited is the firm’s eighth global office as well as second in Asia -- after Investcorp Singapore.
Mohammed Alardhi, the Executive Chairman of Investcorp, said, “The Indian economy is the fastest growing amongst all the emerging markets and we are excited to be able to contribute towards this narrative.”
India’s strong domestic consumption underpinned by a young population, a rising middle class and continuing economic reforms are some of the key reasons why Investcorp chose a second Asian office, added Rishi Kapoor, the Co-Chief Executive Officer of Investcorp.