Investcorp has joined forces with China’s sovereign wealth fund to launch a groundbreaking $1 billion fund aimed at investing in high-growth companies across Saudi Arabia, other GCC nations, and China. This innovative initiative, known as the Investcorp Golden Horizon platform, is set to attract institutional and private investors from the GCC region and China Investment Corporation, as announced by Investcorp on Wednesday.
The fund will focus on identifying promising companies with substantial growth potential in key sectors such as consumer goods, healthcare, logistics, and business services. Mohammed Alardhi, Executive Chairman of Investcorp, expressed confidence in the partnership with CIC, emphasizing Investcorp’s strong foothold in the GCC and its commitment to future growth.
Founded over forty years ago, Investcorp has emerged as a prominent player in alternative asset management, with a robust portfolio spanning mid-market companies primarily in consumption-driven sectors. With aspirations to double its current assets under management to $100 billion, Investcorp has been actively expanding its global presence, boasting 14 offices across the US, Europe, GCC, and Asia.
Investcorp’s recent initiatives include the listing of its subsidiary, Investcorp Capital, on the Abu Dhabi Securities Exchange and the launch of a $750 million climate-focused investment platform. Bin Qi, Executive Vice President and Deputy Chief Investment Officer of CIC, highlighted the fund’s role in fostering financial and industrial collaboration between China and GCC countries.
The Investcorp Saudi Pre-IPO Growth Fund, a key component of the $1 billion platform, has already made significant strides with three investments announced in the GCC region. Hazem Ben-Gacem, Co-Chief Executive of Investcorp, underscored the fund’s potential to drive cross-border cooperation and catalyze growth opportunities for businesses in both regions.
