Investcorp plans to double AUMs
Next phase of company's expansion to see value of assets under management grow to $23 billion
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Bahrain-based Investcorp, a global provider and manager of alternative investment products, aims to nearly double its assets under management (AUM) to $23 billion in line with its next phase of expansion plans, said a top official.
Speaking at the 2016 Investors Conference in Abu Dhabi, UAE, Investcorp executive chairman Mohammed al Ardhi said the company had achieved "an incredible amount" over the past 12 months.
"We have closed a near record number of deals but have no plans to slow down. We are going to use this momentum as a springboard to the next step of the Investcorp journey," he remarked.
Investcorp’s co-chief executive officers Mohammed al Shroogi and Rishi Kapoor outlined the roadmap for the future of the company.
"As we continue to grow as a firm, we remain focused on three core components of our unique business model - being relevant to our clients’ needs, delivering superior performance and providing the highest possible level of service," said Al Shroogi.
Kapoor added: "In addition to being very close to our clients in the Gulf and around the world, we will drive Investcorp’s growth by enhancing and diversifying our client offering. We have a clear roadmap ahead and we are confident that we are building an even stronger firm for our clients." -TradeArabia News Service
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