Investcorp Inaugurates India Office With US$450 Million Assets
Fahad Shabbir (@FahadShabbir) Published February 18, 2019 | 12:15 PM
Investcorp today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with US$450 million assets under management, AUM, and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman, in the presence of Deepak Parekh, member of the Investcorp International Advisory Board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp
BAHRAIN, (UrduPoint / Pakistan Point News / WAM - 18th Feb, 2019) Investcorp today announced the launch of Investcorp India Asset Managers Limited and opening of its India office with US$450 million assets under management, AUM, and a team of 21 investment professionals. The launch was announced by Mohammed Alardhi, Executive Chairman, in the presence of Deepak Parekh, member of the Investcorp International Advisory board and Rishi Kapoor and Hazem Ben-Gacem, Co-CEO’s of Investcorp.
The launch of Investcorp India Asset Managers Limited and opening of the India office - Investcorp’s 8th global office and 2nd office in Asia (after Singapore) - is part of Investcorp’s global growth and diversification plan. The launch comes after closure of the acquisition of a Private Equity and Real Estate investment management business in India.
Speaking on the occasion, Mohammed Alardhi, Executive Chairman of Investcorp, said, "The Indian economy is the fastest growing amongst all the emerging markets and we are excited to be able to contribute towards this narrative.
The opening of Investcorp India is a major milestone in our global expansion plan and our target would be to grow our AUM in India significantly in the medium term."
"Today we have added the India growth story to our slate of product offerings for our investors globally," said Rishi Kapoor, Co-Chief Executive Officer of Investcorp. "Strong domestic consumption underpinned by a young population, a rising middle class and continuing economic reforms are some of the key reasons why we chose India for our second Asian office. We are very bullish about the opportunity for attractive returns for private equity and structured credit investments in India over the medium-long term."
Recent Stories
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago