Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bahrain’s Investcorp Says It Raised $793 Million in Second Half

Jan. 30 (Bloomberg) -- Investcorp, the Bahrain asset manager, said it raised $793 million for new investments in the second half, the most since the start of the financial crisis in 2008.

The firm amassed $516 million from institutional investors for hedge funds, $204 million in corporate investment, and $73 million for real estate, it said today in an e-mailed statement. The Manama-based firm said it returned $1.1 billion from investment realizations and distributions to itself and clients.

Investcorp has investments in Gucci and Saks Fifth Avenue, and about $11.5 billion in assets under management, according to its website. Earlier this month the firm it sold CCC Information Services Inc. to private equity firm Leonard Green and Partners LP for more than $550 million.

The investment company also said today profit rose to $39.2 million in the six months ended Dec. 31, from $5.2 million in the year-earlier period.

To contact the reporters on this story: Mahmoud Kassem in Dubai at mkassem1@bloomberg.net; Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.