Global alternative investment firm Investcorp, headquartered in Bahrain, has announced the successful final close of its second GP staking fund, Investcorp Strategic Capital Partners II (ISCP II). The fund secured over $1.25 billion in total commitments, comprising $1.1 billion in fund commitments and an additional $155 million for co-investments.
Fund Exceeds Expectations in Challenging Market
The closing of ISCP II marks a significant milestone for Investcorp’s GP staking arm, Investcorp Strategic Capital Group (ISCG). The fund closed at a size more than 75% larger than its predecessor, ISCP I, a notable achievement in what is described as a highly selective fundraising environment for private markets. This success brings ISCG’s total assets under management to over $2.4 billion.
Mohammed Alardhi, Executive Chairman of Investcorp, commented on the achievement, “Since we launched our growth strategy ten years ago, Investcorp has proven itself as a value-added partner of choice in the middle market across asset classes and regions. Our GP staking strategy is emblematic of this approach, and we look forward to backing more talented GPs in the years ahead and expanding their reach and capabilities.”
Global Investor Confidence and GCC Support
ISCP II garnered substantial support from existing limited partners, with a majority of investors from the first fund either increasing or maintaining their commitments. The fund also successfully expanded its investor base geographically, attracting new capital from insurance companies and private wealth channels in the US, as well as new investors across Asia, Europe, Latin America, and the GCC.
This demonstrates strong global confidence in Investcorp’s strategy and deepens its penetration into the large and growing pool of capital from wealth managers, family offices, and high-net-worth individuals.
A Differentiated GP Staking Strategy
ISCG focuses on backing high-growth private capital managers in the middle market, defined as those managing between $1 billion and $10 billion in assets. The group acts as a hands-on partner, providing its portfolio GPs with institutional-grade tools and resources to accelerate their growth. This support includes assistance with fundraising, strategy and product development, and the integration of technologies like generative AI.
“We are deeply grateful for the support and conviction of our limited partners, who believe in the platform we’ve built to support middle-market GPs accelerate their growth and enhance longevity,” said Anthony Maniscalco, Managing Partner and Head of ISCG. “ISCP II’s successful close reflects the strength of our strategy and the trust we have built with investors globally.”
ISCP II has already made three investments in Monomoy Capital Partners, MML Capital, and Banner Ridge Partners, with a fourth in Vauban Infrastructure Partners set to close later this year. The combined AUM of Partner GPs across both of Investcorp’s staking funds now exceeds $105 billion.
About Investcorp
Investcorp is a global investment manager specializing in alternative investments across private equity, real assets, credit, and liquid strategies. Since its inception in 1982, the firm has focused on generating attractive returns for its clients by employing a disciplined investment process. Today, Investcorp manages approximately $60 billion in assets and operates from 14 offices across the United States, Europe, the GCC, and Asia.
Source: Zawya
