Investcorp

Corporate investment is Investcorp's traditional activity. This includes mid-size companies in North America, Western Europe and MENA including Turkey, as well as technology lower mid-cap investment, through Investcorp Technology Partners.[7]

The past and present portfolio includes over 175 investments. Selected past investments include:

• Tiffany & Co. – retailers of jewelry and luxury goods – acquired 1984, floated 1987
• Gucci – designer, producer and distributor of luxury accessories and apparel – acquired from 1989 to 1993, floated 1996
• Leica Geosystems – measuring instrument manufacturer acquired 1998, floated 2000
• Jostens – US provider of school-related affinity products – acquired 2000, sold 2003
• Neptune Technology Group – US manufacturer of water meters – acquired 2001, sold 2003[16]
• MW Manufacturers – a US maker of windows and patio doors – acquired 2002, sold 2004[17]
• Hilding Anders – European mattress and bed manufacturer – acquired 2003, sold 2006[18]
• Apcoa – European parking management providers – acquired 2004, sold 2007[19]
• American Tire Distributors – the largest US independent tire distributor – acquired in 2005, sold in 2010[20]
• Moody International – international provider of quality and safety services – acquired 2007, sold 2011[21]
• FleetPride – North America's largest distributor of truck and trailer parts – acquired 2006, sold 2012[22]
• ProUnlimited – United States-based software and services firm – acquired in 2014 jointly by InvestCorp & Bahrain Mumtalakat Holding Company.[23]
• Ageras – Denmark-based online marketplace for professional services acquired 2017[24]
• Avira – Germany-based cybersecurity company – acquired 2020[25]

The real estate division[26] based in New York and London, sources and performs due diligence, and arranges financing and the acquisition of US and EU properties and US commercial mortgage debt positions. The investment in these properties or loans is typically aggregated into a series of multi-investment portfolios for placement to clients. Debt investments are also made within a series of debt funds which are managed by the group.[27] Since 1995, Investcorp has acquired in the region of 470 properties, totaling approximately $14 billion in value. It currently has more than $5 billion of property under management.

Investcorp's hedge fund business was established in 1996 and today has approximately $3.5 billion of capital under management, of which approximately $0.2 billion is reserved for proprietary investments. The fund of funds program comprises a selection of funds of hedge funds with varying risk/return profiles. These are invested across different strategies through approximately 45 hedge fund managers.[28]

In addition Investcorp has developed a single manager seeding platform, and currently offers, on a joint venture basis, access to six managers with specific strategies. The single manager platform currently has around $1.8 billion in client and proprietary assets under management.[29] In the last few years customised portfolios have grown as a proportion of the firm's overall hedge fund assets under management, with traditional fund-of-funds reducing.[30](subscription required)

16% of the hedge fund business is invested through fund of funds.[31] The remainder is invested through customized investments, seeding businesses and a single manager platform. The hedge fund business also provides institutional investors with access to its emerging manager program, investing with and seeding early stage managers who, according to Investcorp research, outperform larger hedge funds on a risk adjusted basis.[32]

Investcorp Credit Management has assets under management of over $11 billion. Based in London, New York and Singapore, they manage funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US.