Biggest Middle East PE firm targets larger North American deals

Biggest Middle East PE firm targets larger North American deals

Published 06 May,2021 via Bloomberg Markets - Investcorp Holdings BSC is targeting larger private equity deals in North America as it seeks to boost assets under management to $50 billion.

The biggest private equity and alternative asset manager in the Middle East sees buyouts in that region representing one of its best avenues to growth, David Tayeh, head of North America Private Equity, said in an interview. The firm is also looking at more co-investments as a way of participating in bigger deals, he said.

“We want to grow our capacity to invest and broaden the top of the funnel of investments that we can look at from a size perspective,” said Tayeh. “At the moment there are deals that we really like that we don’t pursue because they’re outside our size range.”