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Investcorp, the Middle East’s largest alternative investment firm, is considering a public listing in the next three to five years as it aims to double its assets under management (AUM) to $100 billion.
Rishi Kapoor, vice-chairman and chief investment officer at Investcorp, told the Reuters Global Markets Forum that potential listing venues include London and New York.
Mr Kapoor, speaking on the sidelines of the World Economic Forum in Davos, Switzerland, emphasised that multiple paths are open to the firm, which successfully listed its investment vehicle on the Abu Dhabi stock exchange in 2023.
“Three to five years is an appropriate timeframe for us to achieve this scale and position ourselves for a potential liquidity event,” he added.
Founded in Bahrain in 1982, Investcorp currently manages $55bn in assets. Renowned for its success in listing luxury brands like Gucci and Tiffany & Co, the firm has diversified its portfolio to include private credit and other asset classes.
Mr Kapoor also expressed interest in exploring opportunities to participate in the potential inclusion of alternative investments within 401(k) retirement savings plans in the US.
He noted that while prudent allocation and risk management are crucial, even a small percentage of the vast 401(k) market could represent significant investment flows for the alternative asset industry.
This move aligns with Investcorp’s strategic vision to capitalise on the growing demand for alternative investments and further solidify its position as a leading player in the global market.
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