Investcorp partners in venture to back minority and female-owned fund managers

Investcorp partners in venture to back minority and female-owned fund managers

Bahrain-based alternative asset manager Investcorp plans to partner with US-based Xponance on a venture to back new companies in its sector run by managers from more diverse backgrounds.

Investcorp's Strategic Capital Group and Xponance's Alt Solutions arm will provide initial stakes and seed capital to more diverse and women-owned general partnerships running alternative asset funds. The pair said the move is aimed at increasing access to capital and other resources for firms that are believed to have been historically overlooked.

“At Investcorp, diversity is a key part of our uniquely global culture and we understand the critical importance of different perspectives as a driver