Investcorp Closes Inaugural North America Private Equity Fund

Investcorp Closes Inaugural North America Private Equity Fund

Investcorp's newest fund invests in middle-market services companies and has closed on seven portfolio companies

Investcorp has held a final closing of Investcorp North American Private Equity Fund I LP (Fund I) with $1.2 billion in capital commitments.

Limited partners in the new fund include pension plans, family offices, private wealth funds, and financial institutions across North America, Europe and the Gulf region.

Fund I focuses on control buy-outs of North America-based, family- and founder-owned, middle-market services companies with a specific interest in tech-enabled, knowledge and professional, data and information, supply chain, industry, and specialty consumer services.

“We are extremely thankful for the support we received from institutional investors in Fund I and remain highly focused on executing our strategy to identify and capitalize on consistent, high-quality investment opportunities in this and future funds,” said Dave Tayeh, Investcorp’s head of private equity in North America. “We are excited about the potential growth and value creation opportunities presented by Fund I’s existing portfolio companies and our robust pipeline of potential new investments.”

Investcorp has already closed on seven portfolio companies for Fund I including CrossCountry Consulting, a Virginia-headquartered provider of business advisory services (December 2022); Sunrise Produce, a California-based distributor of produce, dairy products, fruits, and vegetables (October 2022); S&S Truck Parts, an Illinois-based distributor of private label and branded aftermarket truck parts (March 2022); RESA Power, a Texas-based provider of power-related maintenance, testing, and systems integration services (December 2021); RoadSafe, an Illinois-based provider of pavement marking, sign installation, and traffic control services (April 2021); Resultant, an Indiana-based provider of technology, data analytics, and digital consulting services (February 2021); and Fortune Fish, an Illinois-based distributor of seafood and gourmet food products (February 2020).

“We have a long and established history of investing in North America mid-market services companies, and we look forward to continuing to broaden and deepen our institutional investor base as this strategy continues to scale,” said Mohammed Alardhi, the executive chairman of Investcorp. “We are grateful for the trust that our institutional investors have placed in us during this time of greater uncertainty and a more challenging capital raising environment.”

“We are delighted for our North American private equity team reaching this important milestone and look forward to continuing our long history of forging strong partnerships with our investors and delivering quality investment opportunities as our capital base continues to grow and diversify,” said Laura Coquis, Investcorp’s global head of institutional capital raising.

Investcorp is active in alternative investments, including private equity, real estate, absolute return investments, and credit management. Since its founding in 1982, Investcorp has closed more than 200 private equity transactions across a range of sectors, including retail and consumer products, technology, business services, and industrials. Investcorp, with $50 billion of assets under management, has more than 500 employees with multiple offices, including in New York City, London, and Bahrain.

© 2023 Private Equity Professional | March 3, 2023

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