Investcorp, a Bahrain-based leading global provider and manager of alternative investment products has announced the launch of a Saudi-focused Pre-IPO Growth Vehicle.
The Vehicle is dedicated to investing in a diverse portfolio of companies at a “pre-IPO” stage of development in Saudi Arabia. It seeks to raise $500 million by focusing on high-growth and underserved sectors such as healthcare, consumer, transport and logistics, and business services.
Through this vehicle, Investcorp aims to partner with reputable founders and shareholders across strategic sectors to create value and generate attractive risk-adjusted returns for its clients and stakeholders.
It is one of several initiatives undertaken by Investcorp to capitalize on and contribute to the major transformation the Kingdom has embarked on to further diversify the economy and increase the share of the private sector participation.
“We are delighted to announce the launch of our Saudi Pre-IPO Growth Vehicle. Saudi Arabia’s economy continues to evolve and remains a key market for Investcorp. The Kingdom’s Vision 2030 and its strong macroeconomic fundamentals, combined with its favorable regulatory environment and strategic privatization mandate make it an attractive investment hub for creating new business opportunities that contribute to its economic growth. We hope that this Vehicle will further contribute to the Kingdom’s National Transformation Program.”
Since its inception in Riyadh in 2008, it has been managing deep-rooted and long-standing relationships with its investors in Saudi and has been investing in leading businesses in the Kingdom. To date, Investcorp has made seven investments in Saudi Arabia, operating across diversified sectors. The company has publicly listed four Saudi businesses on Tadawul, generating over $40 billion in potential demands from their respective pre-listing marketing exercises at that time.