Investcorp Launches a USD 1 billion Platform, To Be Anchored by China Investment Corporation, to Invest within the GCC and China
Investcorp, a number one world different funding agency, and China Investment Corporation (“CIC”), one of many world’s largest sovereign wealth funds, have at present introduced the launch of “Investcorp Golden Horizon” to spend money on high-growth corporations throughout Saudi Arabia, the remainder of the international locations of the Gulf Cooperation Council (the “GCC”) and China (the “Platform”).
The Platform has a goal measurement of USD 1 billion and will probably be anchored by respected institutional and personal traders from the GCC, in addition to CIC. Target corporations are anticipated to have excessive progress potential in enticing sectors, together with shopper, healthcare, logistics and enterprise companies. The Investcorp Saudi Pre-IPO Growth Fund, which is a part of the Platform, has already introduced three investments within the GCC.
This anchor dedication from CIC to the Platform comes at a time when the GCC’s attraction to institutional traders is gathering tempo, due to its steady regulatory setting and its pro-business insurance policies, together with its financial diversification drive and strategic privatisation mandates.
Investcorp’s Executive Chairman, Mohammed Alardhi, mentioned: “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.”
Dr. Bin Qi, Executive Vice President and Deputy CIO of CIC, mentioned: “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.”
Hazem Ben-Gacem, Co-CEO of Investcorp, commented, “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.”
The announcement of the Platform’s launch was made at present on the Investcorp’s China-GCC Investment and Business Cooperation Summit in Riyadh.