Bahrain's Investcorp aims to expand India assets to $1.5b in five years

Bahrain's Investcorp aims to expand India assets to $1.5b in five years

World Trade Center, Manama, Bahrain. Photo: Charles-Adrien Fournier/unsplash

Bahrain-based alternative investment manager Investcorp aims to grow its business in India to $1.5 billion in assets under management over the next five years, said its executive chairman Mohammed Alardhi.

In January, Investcorp forayed into the Indian market through the acquisition of the private equity and real estate investment businesses of IDFC Alternatives. This formed part of the firm’s global expansion plans under which it plans to nearly double its global AUM to $50 billion by entering new geographies and new lines of business. Investcorp currently has $28 billion worth of assets under management.

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