Bahrain’s asset management firm Investcorp has distributed $1.5bn to clients in 18 months. The distribution comes from four successful company exits.
The listed company, which specialises in alternative investments, recently completed the sale of its US portfolio company Accuity Holdings for $530m.
“This latest exit further demonstrates the success of focusing on mid-cap corporate. While many traditional investment classes are struggling due to the rising concerns about the health of sovereigns and banks and the deteriorating economic outlook,Investcorp continues to produce significant returns for its investors,” says Khalid al-Rumaihi, managing director at Investcorp.
As of June 2011, Investcorp had $11.8bn in assets under management.