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Looking for acquisitions in infrastructure fund businesses, says Investcorp

Updated : February 12, 2019 11:22 AM IST

After acquiring private equity (PE) and real estate (RE) investment management businesses of IDFC Alternatives with an aim to triple the book size in the next few years, Global fund manager Investcorp is now looking for more acquisitions in India, particularly, in the infrastructure space.

Mohammed M Al Ardhi, executive chairman and Rishi Kapoor, Co-CEO of the company, shared their views and outlook with CNBC-TV18.

“Investcorp was formed 40 years ago to bridge the investors of the Gulf with opportunities in the West, particularly North America and Europe and we started doing private equity, real estate, hedge funds and lately credit business. In 2015, we set a goal to double our assets under management (AUM) from $10 billion to $25 billion. I am happy to say that we are almost there now. So in the next medium-term we want to be at $50 billion ... India was one of the important markets that we saw important in this growth journey. That is why we are here,” Ardhi said.

Further talking about India, Kapoor said, “We are acquiring a platform that in aggregate has about $450 million of AUM split across two divisions, private equity and real estate, roughly half and half. In both of those areas, we see immense potential for growth over the near-term to medium-term horizon."
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