Bahrain’s Investcorp sets $1.5bn medium-term investment target in India

Bahrain’s Investcorp sets $1.5bn medium-term investment target in India

Investcorp, the Bahrain-based global alternative asset management fund, has set a medium-term target of reaching $1.5 billion assets under management (AuM) in India, top executives of the fund have told Arabian Business.

This will be more than three-times the current $500 million assets the Bahrain fund has in India.

Move is Bahrain investment fund's ninth start-up venture investment in India

In line with its aggressive investment plans in India, the Indian arm of the fund said it would close four private equity (PE) deals in India between this summer and the end of 2020.

While Investcorp has already announced three PE investment deals in India in the recent months, the fourth deal is expected to be made public soon.

Although the $1.5 billion AuM target may be a fraction of Investcorp's current $30 billion portfolio in 12 countries across the US, Europe, Middle East and Asia, the growth would come within one year of opening an office in India.

“We have identified India as one of the key growth markets for Investcorp. International investors, particularly Gulf-based institutions and merchant families, are very keen on Asia's economic rise, particularly India,” Harsh Shethia, pictured above, head of Investcorp India, told Arabian Business in an exclusive interview.

“India is also