Investcorp unveils $1bn platform to invest in GCC & China

By Shilpa Annie Joseph, Official Reporter
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Investcorp launches $1 billion platform
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Investcorp, a leading global alternative investment firm, and China Investment Corporation (CIC), one of the world’s largest sovereign wealth funds, have launched ‘Investcorp Golden Horizon’ to invest in high-growth companies across Saudi Arabia, the rest of the countries of the Gulf Cooperation Council and China.

The platform has a target size of $1 billion and will be anchored by reputable institutional and private investors from the GCC, as well as CIC.

Target companies are expected to have high growth potential in attractive sectors, including consumer, healthcare, logistics, and business services. The Investcorp Saudi Pre-IPO Growth Fund, which is part of the Platform, has already announced three investments in the GCC.

Hazem Ben-Gacem
Hazem Ben-Gacem
Co-CEO – Investcorp

“We’re delighted to be partnering with CIC to participate in the economic transformation and investment opportunities presented across the GCC. As a leading global alternative asset manager with roots in the GCC and a 40+ year track record across multiple asset classes, Investcorp is perfectly placed to facilitate cross-border cooperation and investments between the GCC and China. This is the first step in what we expect to be a fruitful relationship and we look forward to making significant positive impacts on businesses in both regions.”

Investcorp’s Executive Chairman, Mohammed Alardhi, said that, “This commitment by CIC, one of the world’s largest sovereign wealth funds, is a testament to Investcorp’s unparalleled franchise in the GCC and reinforces the trust placed in the firm’s global platform and teams. We are looking forward to building on this relationship and growing our partnership in the future.”

“As one of the world’s largest sovereign wealth funds, CIC has been actively investing in both developed and emerging economies. During the past couple of years, we have built several bilateral funds with leading financial institutions to facilitate industrial cooperation between China and major economies in the world. Currently, we are working closely with Investcorp to build a similar bilateral fund to strengthen financial and industrial ties between China and GCC countries,” commented Dr. Bin Qi, Executive Vice President and Deputy CIO of CIC.

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