Asset Manager

Updated:

Investcorp Credit Management US

Investcorp was founded in 1982 by Nemir Kirdar, a former bank executive, with backing from the Central Bank of Bahrain and other regional investors.

Investcorp Credit Management US

Investcorp was founded in 1982 by Nemir Kirdar, a former bank executive, with backing from the Central Bank of Bahrain and other regional investors. The firm went public on the Bahrain Bourse in 2006 but remains majority-owned by a consortium led by the Abu Dhabi Investment Authority and other sovereign funds. Today, Rishi Kapoor and Hazem Ben-Gacem serve as co-CEOs, leading a team of around 500 professionals globally. The firm operates across four core asset classes: private equity (buyouts and growth equity in mid-market companies), private credit (direct lending and mezzanine), real estate (commercial and residential in the US and Europe), and infrastructure. Investcorp has a notable track record in private equity, with portfolio companies including the high-end fashion retailer Ralph & Russo, the logistics provider IMS, and the Italian motorcycle brand Moto Guzzi. Geographically, the firm deploys capital primarily in North America, Europe, and the Middle East, with additional offices in Singapore covering Asia-Pacific opportunities. Investcorp reported $50.5 billion in AUM as of 2023, though this figure includes committed capital from its multi-asset platform. The firm also manages hedge fund solutions and has a dedicated infrastructure arm. In May 2024, Investcorp announced the acquisition of a majority stake in the US-based logistics company IMS, expanding its private equity footprint in the transportation sector (per Investcorp, May 2024). A structural differentiator is Investcorp's hybrid model: it operates as a publicly traded company on the Bahrain Bourse while retaining the governance and long-term horizon of an institutional alternative asset manager. This dual structure, combined with its deep ties to sovereign wealth funds in the Gulf, gives it a stable capital base and a patient approach to investing across cycles.

General information

Firm type

Asset Manager

Year founded

1982

AUM

$50.5B (per Investcorp, 2023)

Location

Region

Middle East

Country

Bahrain

City

Manama

Corporate office

Manama, Bahrain

Additional offices

New York, NY, United States · London, United Kingdom · Singapore, Singapore

Principals

Mohammed Alardhi

Executive Chairman

Rishi Kapoor

Co-Chief Executive Officer

Hazem Ben-Gacem

Co-Chief Executive Officer

Sector focus

Private EquityReal EstatePrivate CreditInfrastructureHedge Funds

Frequently asked questions

Who manages Investcorp's investment decisions?

Investcorp's investment decisions are led by co-CEOs Rishi Kapoor and Hazem Ben-Gemace. Kapoor oversees the firm's global investment strategy and operations, while Ben-Gacem focuses on growth and innovation. The firm's executive committee, which includes senior partners for each asset class, approves major transactions.

How does Investcorp source proprietary deal flow?

Investcorp relies on a network of relationships built over four decades, particularly in the Gulf region via its sovereign wealth fund backers, and through its team of 500 professionals across offices in New York, London, and Singapore. The firm maintains a strong origination presence in mid-market buyouts and direct lending, often acting as a lead investor in private deals.

What is Investcorp's investment structure?

Investcorp operates as a publicly traded company on the Bahrain Bourse, offering a platform that is majority-owned by institutional investors including the Abu Dhabi Investment Authority. It deploys capital through commingled funds and co-investments across its four core asset classes—private equity, private credit, real estate, and infrastructure—rather than acting as a single-family office.

Does Investcorp participate in fund commitments or only direct deals?

Investcorp primarily focuses on direct investments—buyouts, growth equity, and direct lending—across its private equity, credit, and real estate arms. It does not allocate capital to external fund managers in a fund-of-funds capacity, though it manages hedge fund solutions as a separate business line.

What investment stages does Investcorp typically target?

Investcorp targets later-stage private equity opportunities, including buyouts and growth equity in the mid-market, as well as direct lending to established middle-market companies. Its real estate arm focuses on value-add commercial and residential properties, while infrastructure targets stable, income-generating assets. The firm does not typically pursue early-stage venture investments.

Where does the underlying wealth behind Investcorp come from?

Investcorp was founded in 1982 by Nemir Kirdar and a group of investors including the Central Bank of Bahrain and other Middle Eastern institutions. Today, its majority shareholder is a consortium led by the Abu Dhabi Investment Authority, making it an institutional-grade manager rather than a single-family office.

Does Investcorp maintain philanthropic structures?

Yes, Investcorp operates the Investcorp Foundation, which focuses on education, entrepreneurship, and social development in the Middle East and North Africa region. The foundation is separate from the firm's investment activities and is funded independently.

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