Investcorp to Expand, Al-Shroogi Says
Investcorp SA, a Manama, Bahrain- based alternative asset manager, has “ambitious expansion plans” in the Persian Gulf region, said Mohammed Al-Shroogi, president for Gulf business.
Investcorp, which has $11.5 billion of assets under management mostly in developed markets, is planning to open offices in countries including the United Arab Emirates and Qatar, pending regulatory approvals, Al-Shroogi said in interview at the Bloomberg Doha Conference.
The firm’s $1 billion Gulf Opportunity Fund will be closed in the next couple of months, he said.
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