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Investcorp, Coller Capital form $1 bn European private equity fund

By Reuters

  • 14 Jan 2019
Investcorp, Coller Capital form $1 bn European private equity fund
Credit: VCCircle

Bahrain-based alternative investment manager Investcorp INVB.BH said on Monday it was forming a $1 billion European private equity portfolio with Coller Capital.

Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium term.

London-based Coller Capital’s Coller International Partners VII will underwrite the new fund, in which Investcorp said it will retain “a meaningful general partner commitment”.

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The deal also includes fresh capital for any follow-on investments and future investments.

Investcorp sad it will manage both the assets acquired through the secondary transaction and the fund’s new capital, as it invests in mid-market buyout transactions across Europe.

In 2017, Investcorp bought an $11 billion asset under management credit management business and in 2018, a strategic minority investment in Banque Paris Bertrand, an independent Swiss-regulated private bank.

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